Shares of KP Energy Limited rose approximately 6% on Thursday, April 23, after the company announced it has been granted an Inter-State Electricity Trading Licence by the Central Electricity Regulatory Commission, enabling participation in national power markets.
The stock opened at ₹353.60 against its previous close of ₹353.60, touching a session high of ₹381.88 and a low of ₹352.10. The 52-week range stands between ₹237.90 and ₹583.70.
According to the company’s press release, CERC has granted KP Energy Limited a Category V Inter-State Electricity Trading Licence, authorising the company to undertake electricity trading across state boundaries. The licence enables the company to access demand centres across multiple states, optimise power sales dynamically based on market conditions and pricing signals, engage with utilities and commercial and industrial consumers, and participate in exchange-led and short-term markets in addition to its existing long-term contracting strategy.
Managing Director Dr. Faruk G. Patel stated that the licence marks a significant milestone for the company, enhancing flexibility in power sales, enabling better realisations through market-linked mechanisms, and supporting the strategy of building a more integrated renewable energy platform.
KP Energy Limited is part of the KP Group, a Gujarat-based conglomerate established in 1994 with core expertise in renewable energy and infrastructure, with a presence across wind and solar energy projects contributing to India’s energy transition.
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