KPI Green Energy’s share price soared 5% on Thursday, January 30, reaching its upper circuit limit on the Bombay Stock Exchange (BSE). The sharp rise came after the company announced a significant ₹1,311.40 crore agreement with Coal India. Investors responded positively to the news, driving the stock up from its previous close of ₹333.30 to ₹349.95 in early trade.
The stock opened at ₹349.95 and quickly hit the upper circuit, reflecting strong buying interest. Around 10 AM, the small-cap power stock remained locked at this level, indicating sustained demand among market participants. The deal announcement has reinforced investor confidence in KPI Green’s growth potential in the renewable energy sector.
In an official exchange filing on January 30, KPI Green confirmed that it had signed a contract with Coal India for a major solar energy project. The agreement involves the development of a 300 MWAC grid-connected ground-mounted solar photovoltaic (PV) plant. The project will be executed at GIPCL’s solar park in Khavda, Gujarat, a key location for renewable energy expansion.
As part of the deal, KPI Green will not only build the solar plant but also provide operation and maintenance (O&M) services for the next five years. This long-term commitment highlights the company’s strategic push into large-scale solar infrastructure and its dedication to supporting India’s clean energy transition.
The partnership with Coal India marks a significant milestone for KPI Green Energy, strengthening its position in the renewable power sector. With a growing pipeline of solar projects and increasing institutional support, the company is poised to capitalize on India’s push for sustainable energy solutions.
