KP Energy Ltd, a Gujarat-based provider of Balance of Plant (BOP) solutions for wind and wind-solar hybrid projects, has successfully listed on the mainboard of the National Stock Exchange (NSE) of India.
The company, trading under the ticker symbol KPEL, achieved a market capitalisation of INR 35.55 billion (USD 421 million / EUR 398 million) as of November 15. However, its stock saw a 7.25% drop from the previous close.
Founded in 2010 as part of the KP Group, KP Energy is involved in the engineering, procurement, construction, commissioning, and operation of large-scale renewable energy plants.
The company has already energised more than 866 MW of renewable energy projects and currently manages over 520 MW in its operations and maintenance (O&M) portfolio. Its project pipeline now approaches 2 GW.
In the first half of fiscal year 2025, KP Energy reported an 84% year-over-year increase in its consolidated after-tax profit, reaching INR 431 million.
KP Energy initially listed on the BSE SME Platform in 2016 and migrated to the BSE Main Board in 2018.
