KP Energy surges on receiving new order from Aditya Birla Renewable Energy
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KP Energy is currently trading at Rs. 596.95, up by 25.25 points or 4.42% from its previous closing of Rs. 571.70 on the BSE.
The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 600.25 and Rs. 550.05 respectively. So far 360649 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 619.40 on 05-Oct-2023 and a 52 week low of Rs. 143.05 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 615.00 and Rs. 550.05 respectively. The current market cap of the company is Rs. 1324.91 crore.
The promoters holding in the company stood at 44.80%, while Institutions and Non-Institutions held 0.26% and 54.93% respectively.
KP Energy has received new order from Aditya Birla Renewable Energy for development of Balance of Plant of 23.1MW wind capacity forming part of the wind-solar hybrid power project (comprising 23.1MW wind and 11MW Solar) to be connected to existing 140MW power evacuation facility at Fulsar PSS.
The project includes the installation of 11 Nos of Suzlon make wind operated electricity generator (commonly also referred as wind mill or WTG) each of model S120 having a rated capacity of 2100 kW (two-thousand-one-hundred kilo-Watt) (with hub height of one hundred and forty (140) meters). KP Energy will be responsible for providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC) for the project. This entails tasks such as land acquisition, design, manufacturing, supply, construction, erection, testing, and commissioning for the balance of plant and securing the necessary approvals and permits for the Project.
KP Energy is engaged in operating solar and wind energy projects in India.
