KPI Green Energy is expected to be in focus on Wednesday, December 3, following the announcement that the company has won a significant engineering, procurement, and construction (EPC) contract from Gujarat State Electricity Corporation Limited (GSECL).

The work order involves a 142 MW (DC) / 110 MW (AC) floating solar photovoltaic (FSPV) project at the Kadana Dam reservoir in Mahisagar district, Gujarat. This project marks a milestone for KPI Green Energy and highlights its expanding leadership in large-scale renewable energy infrastructure.

Project Scope and Strategic Importance: The project entails a complete turnkey EPC solution, including design, engineering, procurement, construction, installation, and grid connection. The scope also covers a 33 kV underground transmission line to the pooling station and 33/220 kV bays at the Kadana substation. A 10-year operation and maintenance (O&M) contract is part of the project, which is scheduled for completion within 18 months.

Dr. Faruk G. Patel, Chairman and Managing Director of the KP Group, said: “Winning the 110 MW floating solar EPC contract from GSECL is a major milestone for KPI Green Energy and the KP Group. It expands our portfolio into next-generation floating solar technology, reinforces our full-service EPC credentials, and underscores our commitment to driving India’s energy transition. We look forward to executing this project safely, on time, and to the highest quality standards.”

Stock Performance: KPI Green Energy shares closed up 1.34% at Rs 429 on Tuesday, giving the company a market capitalization of Rs 8,483 crore. However, the stock has seen a decline of over 20% in the past month, making Wednesday’s session closely watched by investors.

Technical Indicators: RSI (14-day): KPI Green Energy’s 14-day Relative Strength Index (RSI) stands at 30.6. An RSI below 30 typically indicates that a stock is oversold, suggesting potential buying interest, while an RSI above 70 is considered overbought, signaling possible selling pressure.

Moving Averages: The stock is currently trading below all 8 key Simple Moving Averages (SMAs), reflecting a bearish trend in both short-term and long-term price movements.

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