KP Energy commissions wind energy project in Gujarat

KP Energy share price: KP Energy shares were under pressure on Monday albeit in a strong market. The KP Energy stock price opened at Rs 191.60 per share and dropped to an intra-day day low price of Rs 185.05. KP Energy has surged 117 per cent in the last one year but the year-to-date return is just 1.5 percent so far.

Earlier, the management of K P Energy announced the commissioning of a 29.4 mega watt (MW) wind energy project in Gujarat. The capacity is a part of the 250.8 MW ISTS connected wind power project capacity awarded by Solar Energy Corporation of India Limited (SECI) under Tranche-VIII bidding, it said in a regulatory filing.

"In furtherance of of phase-I at Sidhpur, KP Energy has successfully commissioned 29.4 MW (phase-II) ISTS (inter state transmission system) connected wind power project comprising 14 numbers of WTGs (wind turbine generators) of 2.1 MW each at Sidhpur site in Devbhoomi Dwarka," it said.

With the present phase-II commissioning the net cumulative capacity commissioned stands at 81.9 MW.

KP Energy shares have more than doubled in the past one year.

What's driving KP Energy shares?

The management of KP Energy announced the commissioning of a 29.4 mega watts (MW) wind energy project in Gujarat recently. This is a part of the 250.8 MW, ISTS-connected wind power project capacity awarded by Solar Energy Corporation of India (SECI) under Tranche-VIII bidding, according to a regulatory filing.

"In furtherance of of phase-I at Sidhpur, KP Energy has successfully commissioned 29.4 MW (phase-II) ISTS (inter state transmission system) connected wind power project comprising 14 numbers of WTGs (wind turbine generators) of 2.1 MW each at Sidhpur site in Devbhoomi Dwarka," it said.

With the commissioning of Phase II, the net cumulative capacity commissioned stands at 81.9 MW.

KP Energy shares: Historical performance

KP Energy shares have surged 117 per cent in the last one year, a period in which the Nifty benchmark has risen 12 per cent.

However, on a year-to-date basis, KP Energy is up 1.5 percent, underperforming a 3.7 per cent rise in Nifty50.

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