Multibagger green energy stock engaged in the business of providing EPCC services for wind power projects jumped 3 percent in the day’s trade upon receiving a new work order for a 368.55 MW wind power project.
With a market capitalization of Rs. 2,628 Crores, the shares of K.P. Energy Limited were trading at Rs. 394, down 0.34 percent from its previous day’s close price of Rs. 395.35. It has delivered multibagger returns of 590 percent in a year.
K.P. Energy Limited has received new orders with a total capacity of 368.55 MW from Aditya Birla Renewables Subsidiary Limited and ABREL (RJ) Projects Limited, for the development of a Balance of Plant for 368.55MW wind capacity forming part of the wind-solar hybrid power project to be developed in Gujarat.
The received order includes the development of a 220KV transmission line for an evacuation capacity of 673MW. It also includes the installation of wind-operated electricity generators each of 3X mode.
KP Energy will be responsible for providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC) of the project such as land acquisition, design, manufacturing, supply, construction, erection, testing, and commissioning for the balance of plant and securing the necessary approvals and permits for the Project.
K.P. Energy Limited is engaged in the business of providing engineering, procurement, construction, and commissioning of wind power projects and providing allied services related to it like generation, operation, and maintenance.
Its revenue from operations grew by 73 percent from Rs. 250 Crores in FY22 to Rs. 434 Crores in FY23, accompanied by increasing profits of Rs. 21 Crores to Rs. 44 Crores.
Written by: Bharath K.S
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