Small Cap stock KP Green Engineering has confirmed new orders worth ₹165.70 crore

The company received orders across various segments, including solar projects, transmission towers, and infrastructure materials.

Today the company has secured orders worth ₹165.70 crore from various clients. These orders cover multiple segments, including ₹100.20 crore for solar projects, which involve fixed tilt and tracker-type module mounting structures, along with the supply of tracker-type module mounting structures and structure parts. Orders worth ₹39.10 crore are for transmission towers, including materials for 220 kV to 400 kV towers, 33 kV and 66 kV substation equipment, hardware, cable trays, GI strips, and GI structures for isolators.

Additionally, ₹2.60 crore are allocated for 220 kV, 66 kV, and 33 kV isolators, ₹11.70 crore for crash barriers used in railway track fencing, ₹4.20 crore for ladder cable trays and related products, and ₹7.90 crore for supplying solar project materials to international clients. The company plans to complete all these projects within the current financial year, showcasing its robust growth and diverse market reach.

KP Green Engineering Ltd (KPGEL) has successfully completed its SME IPO and got listed on the BSE SME platform on March 22, 2024. The IPO raised ₹189.50 crore for the company and received an excellent response, being oversubscribed nearly 30 times by both retail and well-known anchor investors.

On the BSE, KPGEL’s stock is currently trading at ₹560.40, up by 2.59%. From its listing day till today, the company’s shares have surged by more than 160%.

KP Green Engineering Limited (Formerly Known as KP Buildcon Pvt. Ltd.) is the parent company among all the existing Companies of the group. It leads the industry by offering comprehensive solutions all under one roof, specializing in engineering and steel structure manufacturing.

Disclaimer: This article is intended for informational purposes only and should not be considered as investment advice.