KP Energy (KPEL) shares surged to the 5% upper circuit limit following the successful commissioning of 25.8 MW out of its 28.6 MW wind power project at the Vagra site in Bharuch, Gujarat. This milestone, which includes the installation of 11 state-of-the-art wind turbines, underscores the company’s commitment to expanding its renewable energy footprint.
The remaining 2.8 MW capacity of the project is expected to be commissioned within this month, further boosting KPEL’s renewable energy portfolio. With this latest achievement, the company’s total independent power producer (IPP) capacity now stands at an impressive 45.7 MW. This growth marks a significant leap in KP Energy’s journey toward sustainable energy solutions and reinforces its position in the rapidly expanding wind power sector.
“We are pleased to inform that, out of the total project capacity of 28.6 MW, KP Energy has successfully commissioned 25.8 MW wind power project consisting of 11 number of wind turbines generator, at Vagra Site in Bharuch. Further, the development work for remaining 2.8 MW capacity is under progress and is expected to be commissioned within this month. With this successful commissioning, the Company’s total independent power producer (IPP) capacity now stands at 45.7 MW, the company shared in the exchange filing.”
KP Energy shares opened at 413.00 and reached a high of 435.45, while the low was 404.50. Over the past 52 weeks, the stock has seen a high of 675.00 and a low of 340.90.
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