Shares of KP Energy Ltd soared 4% on 26 February after the company announced securing a letter of award (LoA) from Enerparc Energy to establish a 40.8 MW Wind-Solar Hybrid Power Project in Gujarat.

The order includes 20.2 MW of wind and 20.6 MWp of solar capacity. The project was granted on a turnkey basis, which includes supply, installation, and commissioning. The scope of work also includes the creation of evacuation infrastructure, the facilitation of grid connectivity, and securing the necessary statutory and regulatory clearances.

KP Energy specialises in wind farm development, wind power project development, and related services, as well as electricity generation through wind power generating assets and wind power project operation and maintenance, especially in India.

The company’s consolidated net profit increased 56.7% to Rs 41.35 crore in Q3 FY26, from Rs 26.39 crore in Q3 FY25. Net sales increased 62.8% year on year to Rs 344.96 crore in Q3 FY26.

At 2:47 pm, the shares of KP Energy were trading 1.13% higher at Rs 291.05 on NSE.

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