KPI Green Energy shares experienced a notable surge on March 19, 2025, soaring nearly 4% after securing significant funding for its renewable energy projects in Gujarat. On that day, the company's stock priced reached as high as Rs 398.3 per share before settling to trade at Rs 393, reflecting a 2.6% increase, even amid a modest gain of 0.21% across the Nifty 50 index.
Despite its recent uptick, KPI Green Energy has faced challenges this year, witnessing a steep decline of 27% in its stock price. Nevertheless, this upturn comes against a backdrop of sound financial metrics, with the company recently announcing a consolidated net profit of Rs 84.50 crore for the third quarter of FY25, representing a healthy 67% year-on-year increase from Rs 50.61 crore recorded in the previous year.
The growth in profits aligns with a marked 38.8% rise in revenue, which totaled Rs 458.36 crore for the quarter ending December 31, 2024—a promising sign for investors amid overall market fluctuations. Additionally, KPI Green Energy reported a profit before tax of Rs 114.95 crore, up 60.2% from Rs 71.77 crore during the same period last year.
Critical to this recent upswing is the company’s acquisition of a Rs 272 crore credit facility from the National Bank for Financing Infrastructure and Development (NaBFID). The financing is pivotal for a new 50 Megawatt (Mw) hybrid power project located in Bharuch, Gujarat, which combines 75.2 Mw of solar power capacity with 16.95 Mw of wind capacity. This hybrid power initiative aims to bolster the company's renewable energy initiatives significantly and falls under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited.
The project underscores KPI Green Energy's commitment to expanding its renewable energy portfolio, with an ambitious goal to reach 10 gigawatts (Gw) of total capacity by 2030, as highlighted in a recent announcement. “This financial assistance will play a crucial role in developing the project, with the goal of completing it within the stipulated timeframe,” the company noted in its correspondence with financial exchanges.
Similarly, infrastructure firm GR Infraprojects saw its share price jump up to 14.45% on the same day, hitting an intraday high of Rs 1,076.30 per share after announcing a lucrative project contract. The climb was triggered by a Letter of Acceptance (LoA) received from the National Highways Authority of India (NHAI), marking the commencement of a Rs 4262.78 crore project.
GR Infraprojects is set to play a vital role in constructing the Agra-Gwalior Greenfield Road, a major roadway project divided into two sections. The first section consists of developing a 6-lane access-controlled highway, commencing at design kilometer 0+000 near Deori village in Agra and terminating at kilometer 88+400 near Susera in Gwalior, covering territories across Uttar Pradesh, Rajasthan, and Madhya Pradesh. The second section involves safety improvements on the existing Agra-Gwalior section of NH-44.
The entire project will employ a Design, Build, Finance, Operate, Transfer (DBFOT) model under a Build, Operate, Transfer (BOT) toll basis, as per the NH(O) initiative. Completion is expected within 910 days of the appointed date, underscoring the company’s growing involvement in enhancing India’s infrastructural framework.
Established in 1995, GR Infraprojects has carved out a substantial presence in road and infrastructure projects, boasting a portfolio where approximately 90% of revenues stem from Engineering, Procurement, and Construction (EPC) contracts. The company’s track record of executing over 100 road projects across 16 states highlights its capabilities and ambition in expanding its operational footprint.
As of March 19, GR Infraprojects shares traded 14.09% higher at Rs 1,072.85, even as the broader Sensex index gained 0.26%, reaching 75,496.51 points. With a total market capitalization of Rs 10,378.78 crore and a 52-week high price of Rs 1,859.95, the firm continues to be a strong player in the market despite varying conditions.
Switching focus, Bajaj Auto, one of the leading automobile manufacturers in the country, has been making headlines as its share price reflects shifting market dynamics. The stock closed at Rs 7605.95 on March 18, 2025, after reaching an intraday high of Rs 7638.7 and dipping to a low of Rs 7500.95 during trading. As of the same day, Bajaj Auto has achieved a market capitalization of Rs 212,401.94 crore, with its shares fluctuating within a 52-week high of Rs 12,772.15 and a low of Rs 7,308.00.
On March 19, the March futures of Bajaj Auto opened at Rs 7660.05, trading around Rs 7756.0 later on with substantial open interest noted at 2,766,975 shares. These movements signify ongoing robust interest and engagement among investors as they respond to the firm’s performance in the evolving automotive landscape.
Lastly, SpiceJet reported a positive uptick in its share price, gaining over 4% after announcing a significant equity infusion of ₹500 crore by promoter Ajay Singh. This capital boost is vital for the airline as it navigates financial challenges and aims to stabilize operations in an increasingly competitive aviation market.
The stock market on March 19, 2025, reflected a blend of rising shares and investor optimism, marking little schemes of resilience in companies as they adapt and thrive in their respective sectors amidst a fluctuating economic environment.
