KPI Global Infra hits upper circuit after signing Rs39cr agreement with Anupam Rasayan for 12.50 MW solar power plant under CPP category – EQ Mag Pro
The O & M Agreement & Land Lease Agreement is for a period of 25 years.
KPI Global Insfrastrcuture has signed an O & M Agreement & Land Lease Agreement for the period of 25 years, aggregating an amount of Rs39cr with Anupam Rasayan India Limited for a 12.50 MW solar power plant under the CPP category.
The company had earlier intimated that it has received an order for executing a solar power project of 12.50 MW capacity under the “Captive Power Producer (CPP)” category from M/s. Anupam Rasayan India Limited, Surat in May, 2021.
“KPI Global has signed an Operation & Maintenance Agreement & Land Lease Agreement for the period of 25 years, aggregating amount of Rs38.97cr with M/s Anupam Rasayan India Limited for 12.50 MW Solar Power Plant under CPP Category,” the company said in a filing on Friday.
The company stock was in demand on Monday and hit 5% upper circuit at around 10.00 am at Rs135.50 per piece up Rs6.45.
Source : indiainfoline
