Stock Report

K.P. Energy Limited group places wind turbine supply order for 47.60 MW

Posted On : 2023-07-11 11:29:59( TIMEZONE : IST )

K.P. Energy Limited has announced that a wind turbine supply order for a total of 47.60 MW has been placed by KP Group to Suzlon Energy Limited (Suzlon). This order comprises 17 wind turbines of S133 model, to be supplied by Suzlon.

Out of this order, KP Energy Limited (the Company) has awarded the order of 7 wind turbines, representing a capacity of 19.6 MW of S133 model wind turbines, to Suzlon and balance 10 wind turbines of S133 are ordered by KPI Green Energy Limited. The project will be developed at the Vagra site in Bharuch district as part of the Company's Independent Power Producer (IPP) segment, which focuses on building its own power generating assets and selling green energy to customers who want to decarbonise their operations. The Company will make the necessary arrangements to sell the power generated by these projects to Commercial and Industrial (C&I) clients for captive use.

It is worth mentioning that the Company's current IPP portfolio stands at 18.4 MW. Upon commissioning of the 19.6 MW project, the cumulative capacity will increase to 38 MW.

This order signifies a significant milestone for the Company, bringing it closer to its objective of fostering a greener and more reliable energy landscape in the country.

Shares of K.P.I. Green Energy Ltd was last trading in BSE at Rs. 833.80 as compared to the previous close of Rs. 852.20. The total number of shares traded during the day was 40903 in over 2729 trades.

The stock hit an intraday high of Rs. 854.35 and intraday low of 810.00. The net turnover during the day was Rs. 34154644.00.

Shares of Suzlon Energy Limited was last trading in BSE at Rs. 17.37 as compared to the previous close of Rs. 17.89. The total number of shares traded during the day was 33794554 in over 24759 trades.

The stock hit an intraday high of Rs. 18.09 and intraday low of 17.20. The net turnover during the day was Rs. 591857935.00.