Mumbai (Udaipur Kiran). KP Energy surged in Tuesday’s trade after the company announced that it has entered into an exclusive Memorandum of Understanding (MoU) with Inox Wind to jointly develop 2.5 GW of wind and wind–solar hybrid projects across multiple Indian states.
The stock was trading at ₹409.30 on the BSE, up 4.00 per cent from its previous close of ₹393.55. It opened at ₹410.95 and moved between a high of ₹424.40 and a low of ₹407.00. A total of 67,314 shares were traded on the counter. The 52-week range for the stock stands between ₹673.75 (11 December 2024) and ₹337.00 (9 May 2025). KP Energy’s market capitalisation is ₹2,756.57 crore. Promoters hold 44.88 per cent, while institutional and non-institutional investors hold 1.53 per cent and 53.59 per cent respectively.
Under the agreement, KP Energy will handle project development work, including securing connectivity, land and right-of-way, acquiring statutory approvals and executing Balance of Plant (BoP) and EPC activities. It will also oversee BoP operations and maintenance. Inox Wind will supply wind turbine generators and related components, provide key engineering support — including USS design, transformer specifications and foundation design — and manage pre-commissioning, commissioning and O&M of the wind turbines.
The collaboration leverages the complementary strengths of both companies, enhancing their ability to deliver large-scale, high-quality renewable energy projects. KP Energy gains assured access to Inox Wind’s equipment and technical expertise, while Inox will benefit from KP Energy’s proven on-ground execution capabilities. Together, they aim to accelerate India’s push toward clean and sustainable energy.
KP Energy, part of the KP Group, develops and operates solar and wind energy projects across India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
