Shares of KPI Green Energy climbed 5% on March 11 after the company won a new order from Aditya Birla Group on March 8.

As per the company’s regulatory filing, KPI Green Energy Limited has recently received an order for a total capacity of 305 MWac (MWac means Megawatt alternating current). This order was divided between 175 MWac awarded by Aditya Birla Renewables Subsidiary Limited and 130 MWac awarded by ABREL (RJ) Projects Limited for the development of the Balance of System for a 305 MWac solar capacity project.

The project is part of the wind-solar hybrid power project, located in the state of Gujarat, and is scheduled to be completed by the year 2025-26.

KPI Green Energy Limited will be responsible for providing Engineering, Procurement, Construction, and Commissioning (EPCC) services, including Design, Engineering, Procurement, Supply, loading, unloading, transportation, Construction, erection, testing, synchronisation for the Balance of System for the Solar project.

In addition, last week, the company announced securing four solar projects with a total capacity of 9.40 megawatts. KPI will undertake 5 MW capacity, while the remaining 4.40 MW will be undertaken by its wholly-owned subsidiary, KPIG Energia Private Limited.

During the December quarter, KPI Green posted a 47% year-on-year rise in consolidated profit after tax (PAT) at Rs 50.60 crore, supported by a higher income. The company’s total revenue increased by 84% to Rs 331.32 crore over Rs 179.66 crore in the same period last year.

However, at 12:14 pm, shares of KPI Green lost all its early gains and were trading 1.10% lower at Rs 1,706.85 on NSE.