Exactly and so investors are doomed.
KMP = Key managerial personnel AKA Farukhbhai gulambhai patel
3 Likes
Latest Investor presentation sent to exchange by secretary Ravi Upadhyay . You are mentioning CMD sents disclosures to exchanges .
I like that promoter increasing his stake in listed KPI Green , even buy selling Kpark. He will not cheat in case of KPI Green where retailers are stake holders. If he had opted for cash against selling Kpark pvt limited to listed company , we would have doubted his integrity.
1 Like
If he would have opted for cash, there was no chance that this transaction would go through
1 Like
Apart from the signs of corporate governance being loose, at business front, order book growth and execution has not been upto the mark.
Q4 23 and Q1 24 saw around 80MW quarterly runrate, however Q2 was tepid.
There was a tender win from gujarat state however it was in nature of bidding and margin need to be checked.
Another order being hyped is merely an MOU with a little known company.
Request boarders to share their opinion for the quality of order book and margin going forward.
1 Like
Yes land bought in form of Kpark is very costly.
Its 85 bhiga land, and prices are no where above 1 cr/bhiga in that area.
Maximum if we give 20 lakh/bhiga , land’s value is maximum 20 cr or so.
We should raise our voice in this regard.
Regarding KP energy and KPI green, whoever receives hybrid project,
Kp energy is doing wind part and KPI green doing solar part including O&M thenafter. Its is also evident from AR RPTs, IMO.
3 Likes
KPI Green Energy received a Letter of Award (LOA) for a 22.26 MWp Solar Power Project in Gujarat from Aditya Birla Renewable Energy Limited. This project falls under their ‘Captive Power Producer (CPP)’ business.
The company will handle various tasks like design, engineering, procurement, construction, and testing for the solar project. This achievement highlights their strong position in the renewable energy sector and is a big step toward their goal of reaching 1000 MW by 2025.
1 Like
KPI Green Energy Limited has shared exciting news about receiving repeat orders for solar power projects totaling 2.70 MW under the Captive Power Producer (CPP) segment.
The company received orders from M/s Atlantia Polyfab Pvt. Ltd. for 2.30 MW and M/s Vineet Polyfab Pvt Ltd. for 0.40 MW. These projects will be executed as per the terms specified in the respective orders.
With the addition of these repeat orders, KPI Green Energy Limited’s cumulative orders for solar power projects in the CPP segment have now surpassed 115+ MW. This demonstrates the company’s continued success and growth in the renewable energy sector.
So technically a 22 MW order did what a 500 MW MoU and many more orders couldn’t do to the share price. Humorous!
1 Like
They had a half page advert on Business Standard Front Page yesterday where there was an indication of next target of 10GW (timeline unknown) for KP group vs. 1GW target for 2025. I thought it was interesting. I will go back to find the newspaper and upload the picture here when time permits.
Operators at work.
I have not seen the promised execution in this company and as mentioned by Ravi, the Corporate governance is loose.
This is an example of a company with Sector tailwinds but poor management.
2 Likes
Totally agree, It’s quite surprising to see that despite the impressive numbers, the company hasn’t been able to attract any big shark or bring in significant institutional inflow. It seems like the promoter is more interested in marketing the company to artificially boost share prices, or building his own brand which he can later use in politics.
1 Like
This will be at a group level - 2 companies listed there KP Energy and KPI Green
Sir , what are signs of loose corporate governance ?
Increase in institutional ownership will be noticed in December 23 quarter
Wait for one order from PSUs like NTPC and this company will be in another orbit. They did get NTPC order in KPEL
1 Like
KPI Green Energy Limited (BSE:542323) completed the acquisition of 99.9% stake in Kpark Sunbeat Private Limited from Faruk G. Patel.
KPI Green Energy Limited (BSE:542323) agreed to acquire 99.9% stake in Kpark Sunbeat Private Limited from Faruk G. Patel for INR 1.4 billion on October 11, 2023. The purchase consideration payable shall be discharged by way of issue of 1.52 million shares and cash. Kpark reported turnover of INR 1.5 million for the last financial year 2023.
The transaction has been approved by the Board of Directors of KPI Green. The transaction is subject to KPI shareholder approval and is expected to be completed in the next 2 to 3 months. KPI Green Energy Limited (BSE:542323) completed the acquisition of 99.9% stake in Kpark Sunbeat Private Limited from Faruk G. Patel on December 4, 2023.
2 Likes
Disheartening.
I wish investors would realize at least now, 140 crores for assets worth 20-25cr. Nobody else paid for this transaction apart from the investors whose share in the company was reduced overnight because the promoter could do whatever he wanted to and what’s worse? The MD owns multiple such companies.
4 Likes
Hi. Where do you got the information about the kpark? Can you rthe valuation report if it’s there?