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KP Energy Limited Gets Listed on NSE Mainboard

2024-11-18 16:31

Wedoany.com Report-Nov 18, Gujarat-based KP Energy Limited, a Balance of Plant (BOP) solutions provider forwind and wind-solar hybrid projectstoday marked its listing on the mainboard of theNational Stock Exchange (NSE). The occasion marks a new chapter for KP Energy asthe company steps onto a larger platform to drive its growth in the Indian clean

energy sector.

The listing ceremony, held at SElCC's Platinum Hall, Surat, witnessed a gathering ofprominent stakeholders, industry leaders, and investors. KP Energy's journey saidthat from its founding in 2010 to this remarkable event, showcases its unwaveringcommitment to innovation, sustainability, and excellence in wind and hybrid powersolutions.

"We are immensely proud to celebrate KP Energy's listing on the NSE," said Faruk GPatel, Managing Director of KP Energy.“This milestone is more than a financialachievement; it's a reflection of our dedication to empowering India with clean,sustainable energy. lt also highlights the confidence our partners, investors, and thegovernment have in our mission to build a greener future."

KP Energy's listing on the NSE aligns with its rapid growth trajectory. The companyreported a consolidated Profit After Tax (PAT) of 43.1 crore for the first half of FY25representing an 84% year-over-year increase. With a robust project pipeline of nearly2 GW, the company is well-positioned to expand its operations and meet the growingdemand for renewable energy in India.

Affan Faruk Patel, full-time director of KP Energy, addressed the audience, expressinggratitude to all stakeholders."This listing is a testament to our collective commitmentto innovation and sustainability. We are honored by the trust placed in us by ourinvestors and partners, and we pledge to continue delivering on our promises,fostering growth, and creating lasting value for all," he said.

KP Energy's portfolio boasts over 866 MW of renewable energy projects energized todate, along with 520+ W projects under its operations and maintenance (O&M)purview. The company is also pioneering advancements in technology, including thedeployment of LIDAR technology and a centralized Network Operations Center (NOC)to ensure optimal performance and reliability of its renewable energy assets.

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