KPI Green Energy has acquired 9,990 equity shares representing 99.90% shareholding of KPark Sunbeat (KPark). The object of acquisition of the share of the KPark is to consolidate solar power projects of the KP Group under single entity i.e., KPI Green Energy in order to achieve benefits of scale. This will enable the Company to dynamically allocate the resources in the best possible ways and achieve the ambitious target to touch combined renewable energy capacity of 1,000 MW by 2025. The acquisition of the above KPark is an enabler for efficient reorganization of renewable energy businesses which may be pursued in future.
KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4117.35 |
| Rail Vikas Nigam | 293.65 |
| NCC | 160.50 |
| KEC International | 569.25 |
| Kalpataru Projects | 1205.50 |
| View more.. | |
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