KPI Green Energy shines on securing Category A Power Trading Licence from GERC
KPI Green Energy is currently trading at Rs. 439.90, up by 18.30 points or 4.34% from its previous closing of Rs. 421.60 on the BSE.
The scrip opened at Rs. 421.40 and has touched a high and low of Rs. 448.35 and Rs. 421.40 respectively. So far 108220 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 589.00 on 03-Jan-2025 and a 52 week low of Rs. 312.95 on 29-Jan-2025.
Last one week high and low of the scrip stood at Rs. 455.75 and Rs. 418.80 respectively. The current market cap of the company is Rs. 8679.06 crore.
The promoters holding in the company stood at 48.67%, while Institutions and Non-Institutions held 9.02% and 42.31% respectively.
KPI Green Energy has secured the Category A Power Trading Licence from the Gujarat Electricity Regulatory Commission (GERC), enabling the company to trade electricity and optimise realisation by aligning power sales with demand curves for KP Group’s 6+ GW renewable portfolio.
With this GERC approval, the company can now tap directly into power exchanges and short-term bilateral markets, providing industrial and utility customers with flexible procurement options that adapt to their operational demand curves. Further, the company can Offer verifiable green energy blocks that support both RE compliance and ambitious ESG objectives. The approval enables transparent pricing through exchange-discovered rates and standardized contracts, making costs predictable and competitive for customers. It will also support faster onboarding for open-access consumers, meeting short-term and transitional energy needs quickly and efficiently.
KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers. The company is a part of KP Group.
