“The company has terminated the order from Sai Bandhan Infinium for the 66.20 MW hybrid power project under the captive power producer (CPP) segment due to a change in project technical requirements post-receipt of the order," said KPI Green.
This termination will not have any material financial impact on the company, it added.
KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants.
The company’s consolidated net profit surged 67% to Rs 84.50 crore in Q3 FY25, compared to Rs 50.61 crore recorded in Q3 FY24. Revenue from operations jumped 38.8% year-on-year (YoY) to Rs 458.36 crore in the quarter ended 31 December 2024.
Shares of KPI Green Energy added 1.63% to currently trade at Rs 391.90 on the BSE.