KP Energy touches roof on aligning with Aditya Birla Group for development of wind power project
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KP Energy is currently trading at its upper circuit limit of Rs. 392.35, up by 18.65 points or 4.99% from its previous closing of Rs. 373.70 on the BSE.
The scrip opened at Rs. 392.35 and has touched a high and low of Rs. 392.35 and Rs. 392.35 respectively. So far 15714 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 392.35 on 02-Sep-2022 and a 52 week low of Rs. 85.60 on 08-Oct-2021.
Last one week high and low of the scrip stood at Rs. 392.35 and Rs. 316.00 respectively. The current market cap of the company is Rs. 436.10 crore.
The promoters holding in the company stood at 59.56% and Non-Institutions held 40.44%.
KP Energy has aligned with Aditya Birla Group, a global conglomerate headquartered in Mumbai for the development of the wind power project at Bhungar and Fulsar Site in Mahuva, Bhavnagar, Gujarat, under the Gujarat hybrid power policy 2018.
The total value of the projects to be developed by KP Energy for Aditya Birla Group is Rs 2,220 million (Rs 222 crore), with the scheduled commissioning in March 2023.
KP Energy engaged in operating solar and wind energy projects in India.
