Shares of KP Energy Ltd surged 7.47% to ₹423.05 on Wednesday, Nov 19, after the company announced that it has entered into an exclusive Memorandum of Understanding (MoU) with Inox Wind Limited for the joint development of 2.5 GW of wind and wind-solar hybrid power projects across multiple states in India.
According to the update, the long-term partnership outlines a clear division of responsibilities between the two companies. Inox Wind, along with its group entities, will supply wind turbine generators and key components, provide detailed engineering services, and manage pre-commissioning, commissioning, and turbine O&M.
KP Energy will lead the development side by securing land, right-of-way, grid connectivity, and statutory approvals, while also handling balance-of-plant execution, EPC work, and the O&M of non-turbine infrastructure.
The collaboration is positioned to enhance execution capabilities for both companies, with KP Energy benefiting from assured turbine access and Inox Wind gaining a strong on-ground project development partner.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
