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KPI Green terminates 66.20 MW hybrid power project under CPP segment

08-Apr-25 11:40 Hrs IST

'The company has terminated the order from Sai Bandhan Infinium for the 66.20 MW hybrid power project under the captive power producer (CPP) segment due to a change in project technical requirements post-receipt of the order, said KPI Green.

This termination will not have any material financial impact on the company, it added.

KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants.

The company's consolidated net profit surged 67% to Rs 84.50 crore in Q3 FY25, compared to Rs 50.61 crore recorded in Q3 FY24. Revenue from operations jumped 38.8% year-on-year (YoY) to Rs 458.36 crore in the quarter ended 31 December 2024.

Shares of KPI Green Energy added 1.63% to currently trade at Rs 391.90 on the BSE.

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