Shares of KPI Green Energy Ltd surged 2.95% to Rs 434.25 in Friday’s session after the company announced that it has received the Category A Power Trading Licence from the Gujarat Electricity Regulatory Commission (GERC).
The new licence marks a major milestone for the renewable energy company, enabling it to trade electricity directly and optimise energy sales by aligning them with demand patterns across KP Group’s 6+ GW renewable energy portfolio.
Dr. Faruk Patel, Chairman and Managing Director of KPI Green Energy, said, “This licence is a strategic milestone for us. It not only empowers KPI to participate directly in dynamic markets but also allows us to sell power when and where it’s most needed — maximising realisations, expanding customer choice, and accelerating India’s clean-energy transition.”
The approval is expected to enhance KPI Green Energy’s revenue flexibility and strengthen its position in India’s fast-evolving renewable energy trading landscape.
At the time of writing, KPI Green Energy shares were trading 2.95% higher at Rs 434.25 on the NSE, extending their recent uptrend following a series of strategic developments.
