| | JULY 20248KPI Green Energy has secured a substantial order for a 100 MW hybrid energy project from Aether Industries, with the project slated for completion in the financial year 2024-25. The project will be delivered in phases, as outlined in the order.This development, confirmed through an exchange filing, marks a significant milestone for KPI Green Energy in its hybrid captive solar power project segment.As of 9:41 am on July 22, 2024, shares of KPI Green Energy are trading at Rs 976, reflecting a 4percent dip from the previous close. Despite the recent decline, the stock has surged by 247percent over the past year and has seen a 105percent gain since the start of the year.KPI Green Energy stated, "We have received a new order for a 100 MW hybrid captive solar power project under the captive power producer segment of the company." The company has not disclosed further details regarding the order.Formerly known as KPI Global Infrastructure KPI Green Energy is the renewable energy arm of the KP Group. Based in Gujarat, KPI Green Energy is a leading solar and hybrid power generating company. Established in February 2008, the company focuses on providing solar and hybrid power across various business verticals.KPI Green Energy develops, builds, owns, operates, and maintains solar and hybrid power plants. It functions as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name `Solarism'.The order from Aether Industries underscores KPI Green Energy's strong position in the renewable energy sector. The project aligns with the company's commitment to expanding its renewable energy footprint and supporting sustainable energy solutions.Leveraging its expertise in solar and hybrid power, KPI Green Energy aims to meet the increasing demand for clean and efficient energy sources. The successful execution of this project is expected to significantly contribute to the company's growth and its efforts to reduce carbon emissions.KPI Green Energy continues to prioritize innovation and excellence in the renewable energy industry, further strengthening its leadership position. As the sector evolves, KPI Green Energy remains committed to driving positive change and contributing to a greener future. Jio has emerged as the largest operator globally in terms of data traffic. The company also stands as the largest 5G operator outside China, with 130 million subscribers accounting for over 31 percent of Jio's wireless data traffic.Jio's total subscriber base has reached an impressive 490 million, including the 130 million 5G users. For the first quarter of FY25, Jio Platforms (JPL) reported a revenue of Rs 34,548 crore, reflecting a 12.8 percent year-on-year increase. The quarterly EBITDA was Rs 14,638 crore, marking an 11.6 percent year-on-year growth.The growth in revenue from operations was primarily driven by robust subscriber growth across mobility and homes. The notable double-digit EBITDA growth was mainly attributed to healthy revenue growth and operating leverage. An increase in depreciation was due to higher network utilization and additions to the gross block, while the rise in finance costs was driven by higher leverage.Jio continues to dominate the industry, gaining subscriber share with 8 million net additions in Q1 FY25. The company reported a monthly churn rate of 1.7 percent and an Average Revenue Per User (ARPU) of Rs 181.7. This ARPU, supported by a better subscriber mix, was partially offset by the increasing mix of promotional 5G traffic offered on an unlimited basis to subscribers without additional charges.Akash M. Ambani, Chairman of Reliance Jio Infocomm, stated, "Ubiquitous, high-quality, affordable internet is the backbone of Digital India, and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI, driving sustainable growth. Jio, with its superior network and new service propositions, will further build its market leadership with a customer-first approach".Jio's continued innovation and commitment to providing high-quality internet services are set to drive the company's growth and maintain its leadership position in the global telecommunications industry. KPI GREEN ENERGY SECURES 100 MW HYBRID PROJECT FROM AETHER INDUSTRIESJIO BECOMES LARGEST OPERATOR GLOBALLY IN TERMS OF DATA TRAFFICIN FOCUSIN FOCUS
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