KP Energy rises on commissioning 52.5 MW ISTS connected wind power project at Sidhpur Site

KP Energy is currently trading at Rs. 184.70, up by 5.45 points or 3.04% from its previous closing of Rs. 179.25 on the BSE.

The scrip opened at Rs. 183.85 and has touched a high and low of Rs. 186.25 and Rs. 182.10 respectively. So far 19871 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 244.28 on 09-Sep-2022 and a 52 week low of Rs. 70.35 on 17-May-2022.

Last one week high and low of the scrip stood at Rs. 197.45 and Rs. 176.30 respectively. The current market cap of the company is Rs. 413.03 crore.

The promoters holding in the company stood at 44.80%, while Non-Institutions held 55.20% stake in the company.

KP Energy has successfully commissioned 52.5 MW (Phase-I) ISTS connected wind power project comprising 25 numbers of WTGs of 2.1 MW each at Sidhpur Site in Devbhoomi Dwarka. The 300 MW power evacuation system, which includes the pooling substation and the extra high voltage transmission line, has been charged to enable phase-wise commissioning of the project. This is an essential step towards the successful implementation of the project.

This Phase-I commissioning is a part of the total 250.8 MW ISTS connected wind power project capacity awarded to Apraava by Solar Energy Corporation of India (SECI) under Tranche-VIII bidding. The remaining phases of the project are expected to be completed successfully by July 2023, and the project will contribute significantly to India's renewable energy targets.

KP Energy engaged in operating solar and wind energy projects in India.