K P Energy Ltd receives LOI aggregating Rs. 119.73 crores

KP Energy has operational site of 70MW at Mahuva - I, in Bhavnagar, Gujarat. It had spare capacity available for utilization of Power Evacuation Infrastructure. The Company has received LOI aggregating INR 119.73 Crores from captive customers in Gujarat for executing wind power project under the wind power policy 2016 which is getting expired on March 31, 2022. The orders will be executed within the current financial year. In view of showel readiness, company is confident of completing execution ahead of schedule.

This is first instance where Company has offered EPCC services of Project with supply of turbine to customers.

Shares of K.P. Energy Limited was last trading in BSE at Rs. 101.75 as compared to the previous close of Rs. 98.85. The total number of shares traded during the day was 100568 in over 629 trades.

The stock hit an intraday high of Rs. 107.7 and intraday low of 95.3. The net turnover during the day was Rs. 10269499.

Source : Equity Bulls

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