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The company's wholly owned subsidiary, Sun Drops Energia has also received an order to execute solar power project of 1 MW capacity.
The project is scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.
Meanwhile, the firm has received commissioning certificates from Gujarat Energy Development Agency (GEDA) for 9.40MW wind-solar hybrid power project comprising 5.40MW wind and 4MWdc solar capacity for its client Greenlab Diamonds LLP, Surat under Captive Power Producer (CPP) business segment of the company.
KPI Green Energy (formerly known as K.P.I. Global Infrastructure) generates and sells solar power under 'Solarism' brand name in India. It develops, builds, owns, operates, and maintains solar power plants as an independent power producer and captive power producer.
The company's consolidated net profit surged to Rs 31.78 crore in Q4 FY23 as compared with Rs 9.86 crore in Q4 FY22. Net sales surged 143.6% year on year to Rs 182.40 crore in Q4 FY23 over Q4 FY22.
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