KP Energy is currently trading at Rs. 326.00, up by 23.90 points or 7.91% from its previous closing of Rs. 302.10 on the BSE.
The scrip opened at Rs. 319.00 and has touched a high and low of Rs. 326.00 and Rs. 314.00 respectively. So far 3125 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 370.00 on 06-Sep-2017 and a 52 week low of Rs. 117.00 on 05-May-2017.
Last one week high and low of the scrip stood at Rs. 326.00 and Rs. 241.00 respectively. The current market cap of the company is Rs. 278.73 crore.
The promoters holding in the company stood at 69.44%, while Non-Institutions held 30.56%.
KP Energy has tied up with an Indian subsidiary of Europe based renowned Global WTG (Wind Turbine Generator) Manufacturer for developing Wind Power Project of 300 MW (130 Wind Turbine Generators of 2.3 MW each) at its Hajipir Site, Kutch, Gujarat. The project shall be connected with ISTS (Inter State Transmission System) Network of Central Transmission Utility.
KP Energy will facilitate distinct wind locations, Permits, Wind Campaign, Power Evacuation Infrastructure comprising of 220kv dedicated lines and Pooling Substation as per PGCIL Standards, Site civil works for WTG foundation, logistics & erection.
The binding Letter of Intent (LOI)/Term Sheet for the same has been signed with the renowned Global WTG manufacturer. This project will add up to total 600MW (300MW + 300MW) projects with CTU (Central Transmission Utility) to be developed by team KP Energy in next two years.
The value of total business tie up by KP Energy to be executed in two years under STU (State Transmission Utility) and CTU (Central Transmission Utility) wind projects now exceeds Rs 650 crore.
KP Energy provides complete solutions from concept till completion of the project life-cycle of a Wind Project. The activities covered are Siting of Wind-farms, Lands & Permits acquisition, EPCC (Engineering, Procurement, Construction & Commissioning) of Wind Project Infrastructure etc.
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