KPI Green Energy shares rose over 4% in early trade after its parent company, KP Group, signed three strategic Memoranda of Understanding (MOUs) with Delta Electronics India, a key player in power and energy management solutions. As of 11:33 AM, the shares were trading 3.69% higter at Rs 522.05.
The MOUs focus on three critical clean energy areas: Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure, and Solar PV Inverters. This partnership is expected to significantly enhance India’s energy transition capabilities by accelerating the deployment of sustainable and scalable energy solutions.
The agreements were officially signed by Mr. Niranjan Nayak, Managing Director of Delta Electronics India, and Dr. Faruk Patel, Chairman and Managing Director of KP Group. The collaboration is positioned to support India’s net-zero ambitions and foster innovation in next-generation energy infrastructure.
KP Group and Delta Electronics India have a long-standing relationship, and the new MOUs aim to deepen their cooperation. The partnership provides a structured framework for co-developing advanced renewable energy systems and clean technologies, potentially opening new business avenues for KPI Green Energy.
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