KPI Green Energy Limited has secured its largest-ever order for setting up a 300 MWAC (405 MWDC) ground mounted Solar PV plant including Operation & Maintenance (O&M) services for a comprehensive 5-year period. As reported by Coal India Limited, this prestigious project from the central PSU marks a significant milestone in KPI Green Energy's growth journey and stands as a testament to the group's unwavering commitment to sustainable energy solutions. The project will be executed on an EPC (Engineering, Procurement, and Construction) basis at GIPCL's Solar Park, Khavda, Gujarat with a contract price of ₹13.11 billion. This achievement represents the biggest single order achieved so far by the entire group from Central PSU.
Rhetan TMT's 1 MW (AC) captive ground-mounted solar power project has commenced successfully, marking the successful completion of the company's renewable energy initiative. According to the company's regulatory filing, the project is now operational and generating electricity for captive consumption at its manufacturing facility in Kadi, Gujarat. The successful operationalization reflects the company's transition from the implementation and commissioning stage to actual operations, following completion of requisite statutory approvals, infrastructure development, installation, testing, and commissioning activities. The project supports captive consumption, reducing reliance on grid power in an energy-intensive industry where power can account for nearly 20% of the input cost base.
The company expects the solar power project to support the energy requirements of its manufacturing facility and contribute to the integration of renewable energy into its manufacturing operations. As reported by LiveMint, the successful operationalization further reflects the company's continued focus on strengthening its manufacturing infrastructure and adopting sustainable energy solutions as part of its long-term business strategy. The company has outlined several initiatives including greater focus on reducing costs, improving operational efficiency, and pursuing strategic expansion. The strategic relevance is particularly significant as energy historically represents a meaningful portion of costs (~20%) in the company's operations.
Rhetan TMT shares have declined 30% in August, falling to ₹21.62 per share, with losses pushing the stock down 38% from its 1-year high. According to LiveMint, the sharp selling pressure in August reflects broader market sentiment toward the small-cap stock. The company's shares have come under significant selling pressure during this period, indicating investor concerns about the stock's performance trajectory.
For the June-ended quarter (Q1FY27), Rhetan TMT reported revenue of ₹4.06 crore, which was lower on both year-on-year and quarter-on-quarter basis. As reported by LiveMint, operating expenses exceeded revenue, resulting in a negative operating margin of 0.66%. However, the company maintained a net profit of ₹3.16 crore, aided by other income of ₹4.45 crore. In comparison, the company had reported a net profit of ₹0.76 crore in the June 2025 quarter and ₹2.22 crore in the March-ended quarter. For FY26, core revenue from operations was reported around ₹24 crore versus ₹23 crore TTM (Q1 FY27), with operating margin around 25%, significantly improved from a 10% average for the last few years (FY:23-25).
