Synopsis:

The shares of this renewable energy company soared 8% following the MOU that has been signed with Inox Wind to jointly develop 2.5 GW of wind projects across multiple states in India.

This green energy company engaged in the development of utility-scale wind power generation infrastructure, and its major associated activities had its shares in the spotlight today, following the announcement of an MOU between the company and Inox Wind.

With a market cap of Rs 2,723 crore, the shares of K.P. Energy Ltd made an intraday high of Rs 424.40, gaining 8 per cent from its previous day’s closing price of Rs 393.55. The shares are trading at a PE of 20.5, whereas its median PE is 22.7.

About the MOU

KP Energy and Inox Wind have entered into an exclusive partnership to jointly deve

See Full Page