KP Green Engineering gains on inking strategic MoUs with Delta Electronics India
KP Green Engineering is currently trading at Rs. 577.95, up by 9.65 points or 1.70% from its previous closing of Rs. 568.30 on the BSE.
The scrip opened at Rs. 574.40 and has touched a high and low of Rs. 588.95 and Rs. 563.20 respectively. So far 140500 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 5 has touched a 52 week high of Rs. 768.85 on 06-Nov-2024 and a 52 week low of Rs. 340.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 588.95 and Rs. 549.95 respectively. The current market cap of the company is Rs. 2889.75 crore.
The promoters holding in the company stood at 66.60%, while Institutions and Non-Institutions held 0.71% and 32.70% respectively.
KP Group, a prominent renewable energy conglomerate based in Surat has signed three strategic Memoranda of Understanding (MoUs) with Delta Electronics India, a leading provider of energy and power management solutions. This collaboration spans three high impact areas: Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure and Solar PV Inverters.
The first BESS MoU outlines a detailed framework for developing and deploying scalable BESS projects. KP Group will play a central role in project development, site integration, and regulatory coordination to accelerate the deployment of battery energy storage solutions. As KP Group’s strategic technology partner, Delta will supply key power electronics, including inverters and energy management systems, along with design, integration, and commissioning support.
The second MoU focuses on integrated green hydrogen refueling and EV charging infrastructure. KP Group will lead the development of green hydrogen production plants powered by renewable energy. Delta will contribute critical technology including energy management systems, hydrogen compression and dispensing components, as well as EV charging hardware and software, such as power management, compression, and dispensing technologies), and integrated energy management systems.
The third MoU is for the solar PV inverter agreement, under which Delta will supply around 1 GW of next-generation grid-connected solar inverters over the next 12 months for KP Group's upcoming solar projects across India and selected overseas markets. These next-generation inverters will offer high efficiency, built-in grid-support functionalities, and onboard smart monitoring with remote diagnostics.
KP Green Engineering is a flagship company of KP Group. KP Green Engineering (Formerly Known as KP Buildcon) is primarily engaged in Fabrication, Galvanizing, Fault Rectification Team, Patrolling of Optical Fiber Cables, Site Clearance Work, Solar Roof-top installation, Sale of solar electricity, EPC, Mobile tower Manufacturing and Turnkey Service Provider to Mobile and Renewable Energy Industry.
