Latest news with #KPINCleanPowerFourLLP
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Business Standard
09-07-2025
- Business
- Business Standard
KPI Green Energy shares charge up 5% on approval for incorporating SPV
KPI Green Energy share price climbed 5.1 per cent, logging an intraday high at ₹533 per share on Wednesday. At 1:11 PM, KPI Green Energy shares were up 2.55 per cent at ₹520.05 per share on the BSE. In comparison, the BSE Sensex was down 0.03 per cent at 83,683.73. The company's market capitalisation stood at ₹10,262.72 crore. Its 52-week high was at ₹744.37 per share and the 52-week low was at ₹312.95 per share. Why are KPI Green Energy shares rising in trade? The stock gained after the Ministry of Corporate Affairs approved the incorporation of a Special Purpose Vehicle (SPV) named KPIN Clean Power Four LLP. The main objective of the SPV is to generate, develop, transform, distribute, transmit, sell, and supply any kind of power or electrical energy using wind energy, solar energy, or other renewable sources of energy. "We wish to inform you that the Ministry of Corporate Affairs has approved the incorporation of a Special Purpose Vehicle (SPV) of the Company, named 'KPIN Clean Power Four LLP', on July 08, 2025," the filing read. KPI Green Energy contributed ₹99,000, while ₹1,000 was contributed by KPark Sunbeat Private Limited, a subsidiary of the company in the whole process. KPIN Clean Power Four LLP was incorporated in India on July 8, 2025, and registered with the Registrar of Companies, Ahmedabad. The agreements focus on three high-impact areas including battery energy storage systems (BESS), green hydrogen and electric vehicle (EV) charging infrastructure, and next-generation solar inverters. The development has deepened the existing relationship between KP Group and Delta Electronics, providing a comprehensive framework to fast-track the rollout of renewable energy solutions in India and potentially abroad, the company said. In Q4, KPI Green Energy's net profit more than doubled to ₹104.18 crore in the quarter ended March 31, 2025, as compared to ₹43.04 crore in the January-March period of the preceding 2023-24 financial year. The company increased its revenues to ₹577.80 crore in the period under review, from ₹292.96 crore in the year-ago quarter.
Mint
09-07-2025
- Business
- Mint
Stocks to watch: Tata Steel, Dixon Tech, Tata Motors among shares in focus today amid Trump's tariff deadline extension
Tata Steel India's crude steel output stood unchanged at 5.26 million tons in the quarter ended June 30, compared to the same period last year. The company recorded a 14% year-on-year rise in consolidated crude steel output, totaling 7.26 million tonnes in the first quarter of FY26. The bank reported a 5 per cent year-on-year increase in total business for the first quarter of FY26, rising to ₹ 22.1 lakh crore from ₹ 21.08 lakh crore during the corresponding period last year. The company has entered into a joint venture named Lightanium Technologies Pvt Ltd in collaboration with Signify Innovations India to grow its presence in the lighting sector. The company recorded a 9% year-on-year drop in global wholesales for the first quarter of FY26, with total sales amounting to 2,99,664 units. The company has appointed Saurav Adhikari and Divya Karani as non-executive, non-independent directors, following the conclusion of e-voting on Tuesday, where over 75% of shareholders voted in favor of the appointments. The government has given the green light for the company to set up a special purpose vehicle named KPIN Clean Power Four LLP. The dedicated electric vehicle company has announced the large-scale launch of its in-house developed software, MoveOS 5. This proprietary system is designed for use in both the S1 series of scooters and the newly introduced Roadster X motorcycles. The company plans to increase the galvanisation capacity of its Ranjangaon plant from 40,500 MT to 1,10,000 MT per year by FY27, with an investment of ₹ 170 crore funded through internal accruals and debt. CAMSPay has introduced the CAMSPay New Payment Gateway, capable of handling more than 5,000 transactions per second. This next-generation payment solution is built to meet the evolving needs of businesses in India, addressing key challenges in the rapidly changing payments ecosystem. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
