KP Energy shines on bagging new orders of 1003.7 MW capacity
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KP Energy is currently trading at Rs. 626.90, up by 20.80 points or 3.43% from its previous closing of Rs. 606.10 on the BSE.
The scrip opened at Rs. 606.10 and has touched a high and low of Rs. 636.40 and Rs. 606.10 respectively. So far 660744 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 636.40 on 05-Nov-2024 and a 52 week low of Rs. 160.67 on 08-Nov-2023.
Last one week high and low of the scrip stood at Rs. 636.40 and Rs. 536.00 respectively. The current market cap of the company is Rs. 4217.91 crore.
The promoters holding in the company stood at 45.01%, while Institutions and Non-Institutions held 0.54% and 54.45% respectively.
KP Energy has received new orders aggregating to 1003.7 MW capacity for development of renewable energy projects from KPI Green Energy. The company will be responsible for providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC) for the projects. This inter-alia entails activities such as designing, supply, construction, erection, testing, commissioning and securing the necessary approvals and permits for the projects.
These projects are won by KPI Green Energy under the various tenders of the Gujarat Urja Vikas Nigam (GUVNL) and are expected to be completed in line with the timelines under definitive agreements. KPI Green Energy is a group company of KP Energy.
KP Energy is engaged in operating solar and wind energy projects in India.
