India's KPI Global soars after solar power deal with GHCL

GHCL

08/10/2021 08:53

** Shares of solar power generating co  KPIG.NS  surge as
much as 9.4% to 140.95 rupees, marking record intraday pct gain 
    ** KPIG hits highest since Sept. 17, up after three straight
sessions of losses 
    ** Co says https://bit.ly/2YwdNpP it signed agreement with
GHCL Ltd  GHCH.NS  for sale of 1.25 MW solar power for 20 years
under Independent Power Producer business vertical
    ** Co did not disclose financial terms of the deal
    ** KPIG on track for first weekly gain in three 
    ** More than 103,000 shares trade 0722 GMT, 1.8 times their
30-day avg of over 56,000 shares
    ** KPIG had risen 1.7% since its July listing, as of last
close, vs a 24.5% gain in the Nifty Energy index  .NIFTYENR  

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))