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KP Energy surges on entering into agreement with Suzlon Energy

04 Jun 2021 Evaluate

KP Energy is currently trading at Rs. 64.05, up by 1.65 points or 2.64% from its previous closing of Rs. 62.40 on the BSE.

The scrip opened at Rs. 63.90 and has touched a high and low of Rs. 64.05 and Rs. 60.55 respectively. So far 647 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.30 on 14-Aug-2020 and a 52 week low of Rs. 51.05 on 26-Apr-2021.

Last one week high and low of the scrip stood at Rs. 68.00 and Rs. 60.55 respectively. The current market cap of the company is Rs. 70.80 crore.

The promoters holding in the company stood at 68.78%, while Non-Institutions held 31.22%.

KP Energy has entered into an agreement with Suzlon Energy 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. 

KP Energy engages in operating solar and wind energy projects in India. It is developing a wind farm of 25 Megawatts in Bhavnagar and 150 Megawatts in Porbandar.

KP Energy Share Price

357.80 21.40 (6.36%)
17-Apr-2026 16:59 View Price Chart
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