K.P. Energy Share Price Rises for the 5th Session; Wind Power Project Commissioned

K.P. Energy sees a 5-day share price rise after successfully commissioning 25.8 MW of a 28.6 MW wind power project in Bharuch. The company’s total renewable energy capacity now stands at 45.7 MW, the company said in a press release on the stock exchanges.

Continued Growth in IPP Capacity

The company has successfully commissioned 25.8 MW out of the total 28.6 MW capacity at its wind power project located at the Vagra site in Bharuch. This achievement represents significant progress in the company’s renewable energy portfolio.

With the completion of this project, K.P. Energy’s total independent power producer (IPP) capacity now stands at 45.7 MW. The company is also working on commissioning the remaining 2.8 MW capacity by the end of this month.

Share Price Performance

K.P. Energy Limited’s share price is currently trading at ₹419.95, showing an increase of ₹5.20, or 1.25%, from its previous close of ₹414.75. The stock opened at ₹413.00 and reached a high of ₹435.45, with a low of ₹404.50 during the session. The stock price has gained close to 20% in recent sessions.

Recent Development

Last month, K.P. Energy successfully commissioned a 6.3 MW (Phase-XI) ISTS-connected Wind Power Project at the Sidhpur site in Devbhoomi Dwarka.

This project, comprising three 2.1 MW wind turbine generators (WTGs), is part of the 250.8 MW wind power project awarded to Apraava Energy Private Limited by Solar Energy Corporation of India (SECI).

With the commissioning of Phase-XI, the total commissioned capacity at the Sidhpur site stands at 252 MW, exceeding the originally awarded capacity of 250.8 MW.

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