20 Nov 2024
KP Energy Limited, Gujarat’s leading Balance of Plant (BOP) solutions provider for wind and windsolar hybrid projects, celebrated a significant milestone today with its listing on the mainboard of the National Stock Exchange (NSE). The occasion marks a new chapter for KP Energy as the company steps onto a larger platform to drive sustainable growth and play a central role in India’s renewable energy revolution.
Notably, at the time of the bell-ringing ceremony at NSE, the stock debuted at Rs. 541.00 and reached Rs. 544.90 in the next session.
The listing ceremony, held at SEICC’s Platinum Hall, Surat, witnessed a gathering of prominent stakeholders, industry leaders, and investors, underscoring the company’s prominent position in India’s renewable energy landscape. KP Energy’s journey, from its founding in 2010 to this remarkable event, showcases its unwavering commitment to innovation, sustainability, and excellence in wind and hybrid power solutions.
“We are immensely proud to celebrate KP Energy’s listing on the NSE,” said Dr. Faruk G. Patel, Managing Director of KP Energy. “This milestone is more than a financial achievement; it’s a reflection of our dedication to empowering India with clean, sustainable energy. It also highlights the confidence our partners, investors, and the government have in our mission to build a greener future.” KP Energy’s listing on the NSE aligns with its rapid growth trajectory. The company reported a consolidated Profit After Tax (PAT) of ?43.1 crore for the first half of FY25, representing an 84% yearover-year increase.
With a robust project pipeline of nearly 2 GW, the company is well-positioned to expand its operations and meet the growing demand for renewable energy in India. Mr. Affan Faruk Patel, Whole-Time Director of KP Energy, addressed the audience, expressing gratitude to all stakeholders. “This listing is a testament to our collective commitment to innovation and sustainability.
We are honoured by the trust placed in us by our investors 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 renewable energy project energized to date, along with a 520+ MW projects under its operations and maintenance (O&M) purview. The company is also pioneering advancements in technology, including the deployment of LIDAR technology and a centralized Network Operations Center (NOC) to ensure optimal performance and reliability of its renewable energy assets.
As KP Energy embarks on this new phase, the company is positioned to lead India’s transition to renewable energy, supporting the nation’s commitment to reducing carbon emissions and building a sustainable, clean energy ecosystem.
The event was graced by KP Group’s brand ambassador and T-20 Delhi Capitals bowling coach, Munaf Patel, along with Bollywood actors Aditya Pancholi and Sooraj Pancholi. Additionally, Gujarat’s Minister of Forest, Environment, and Climate Change, Mukesh Patel, attended the ceremony, offering his best wishes and highlighting the government’s commitment to renewable energy initiatives.
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