KPI Green Energy to Focus on 142 MW Floating Solar EPC Contract with GSECL
AI Summary1 min read
TL;DR
KPI Green Energy won a 142 MW floating solar EPC contract from GSECL, with completion in 18 months. Shares rose 1.34% but are down over 20% in a month, showing oversold conditions and a bearish trend.
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KPI Green Energyfloating solarEPC contractGSECLstock performance
KPI Green Energy shares are expected to be in focus after winning a 142 MW floating solar EPC contract from GSECL. The project involves a complete turnkey EPC solution and is scheduled for completion within 18 months. KPI Green Energy shares closed up 1.34% at Rs 429 on Tuesday, but have seen a decline of over 20% in the past month. The stock's RSI stands at 30.6, indicating oversold conditions, and is currently trading below all 8 key Simple Moving Averages, reflecting a bearish trend.
