KP Energy shines on entering into MoU with Inox Wind
KP Energy is currently trading at Rs. 409.30, up by 15.75 points or 4.00% from its previous closing of Rs. 393.55 on the BSE.
The scrip opened at Rs. 410.95 and has touched a high and low of Rs. 424.40 and Rs. 407.00 respectively. So far 67314 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 673.75 on 11-Dec-2024 and a 52 week low of Rs. 337.00 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 424.40 and Rs. 391.80 respectively. The current market cap of the company is Rs. 2756.57 crore.
The promoters holding in the company stood at 44.88%, while Institutions and Non-Institutions held 1.53% and 53.59% respectively.
KP Energy (KPE) has entered into an exclusive Memorandum of Understanding (MoU) with Inox Wind (IWL). The MoU establish a strategic partnership aimed at jointly developing 2.5 GW of wind and wind-solar hybrid power projects across multiple states in India.
Under the MoU, KPE will undertake project development activities such as securing connectivity, land and right-of-way, obtaining statutory approvals, and executing Balance of Plant and EPC works. KPE will also manage O&M of Balance of Plant of the project. IWL will supply Wind Turbine Generators and associated equipment, provide engineering support including USS design, transformer specifications, and foundation design, and will execute pre-commissioning, commissioning and O&M of wind turbine generators. This integrated approach enables both companies to combine their core competencies to ensure timely, seamless and high-quality project execution.
This collaboration is expected to strengthen the strategic positioning of both organisations by leveraging their complementary strengths across the renewable energy value chain. KPE will benefit from assured access to IWL’s equipment and engineering capabilities, enhancing its ability to deliver fully integrated renewable assets, while IWL will gain from KPE’s strong on-ground execution expertise and proven development track record. Together, both companies will be better equipped to pursue large-scale renewable opportunities, drive operational efficiencies and contribute meaningfully to India’s clean-energy transition.
KP Energy is a part of KP group. The company is engaged in operating solar and wind energy projects in India.
