K P Energy Limited and Suzlon Energy Ltd enter into agreement for settlement

K P Energy Limited has entered into an Agreement with Suzlon Energy Limited for settlement of final accounts and resolution of the pending issues and completion of the handover of the 50.4MW wind power project ('Project') which has been commissioned and in generation since March 2019 at Mahuva Site in Bhavnagar, Gujarat. It is pertinent to mention that KP Energy has restarted its punch-point completion activities and hand over of the Project in accordance with the amicable meetings between the Stakeholders of the Project and the Agreement between Suzlon and KP Energy.

The agreed milestone payments have been started to realise from Suzlon in accordance with the Agreement.

Shares of K.P. Energy Ltd was last trading in BSE at Rs.62.5 as compared to the previous close of Rs. 61.6. The total number of shares traded during the day was 2097 in over 56 trades.

The stock hit an intraday high of Rs. 65.9 and intraday low of 60.8. The net turnover during the day was Rs. 131369.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.7.04 as compared to the previous close of Rs. 6.42. The total number of shares traded during the day was 41562454 in over 25744 trades.

The stock hit an intraday high of Rs. 7.06 and intraday low of 6.46. The net turnover during the day was Rs. 286802809.

Source : Equity Bulls

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