KP Energy soars on installing 10MWdc solar power project
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KP Energy is currently trading at Rs. 220.70, up by 7.20 points or 3.37% from its previous closing of Rs. 213.50 on the BSE.
The scrip opened at Rs. 219.00 and has touched a high and low of Rs. 224.00 and Rs. 217.80 respectively. So far 74092 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 244.28 on 09-Sep-2022 and a 52 week low of Rs. 74.00 on 29-Jun-2022.
Last one week high and low of the scrip stood at Rs. 224.00 and Rs. 182.45 respectively. The current market cap of the company is Rs. 490.62 crore.
The promoters holding in the company stood at 44.80%, while Institutions and Non-Institutions held 0.06% and 55.14% respectively.
KP Energy has successfully installed a 10MWdc Solar Power Project as part of its Independent Power Producer (IPP) segment. The project is located at village Simdhara, Taluka Jaghadia, District Bharuch, Gujarat. This installation brings the company's total power generation capacity to 18.4MW, which includes four Wind Turbine Generators with a capacity of 2.1MW each, in addition to the 10MWdc Solar Power Project.
The electricity produced by this Solar Power Project will be supplied to Commercial and Industrial (C&I) customers under the Open Access category. KP Energy has taken care of arranging the necessary Power Purchase Agreements (PPAs) for the 10MWdc Solar Power Project, which is expected to contribute to the company's growth in power sales revenue.
KP Energy is engaged in operating solar and wind energy projects in India.
