In a regulatory filing, KP Energy said that it has received new order from ABREL EPC (Aditya Birla group company) for development of balance of plant of 86.1 MW wind capacity forming part of the wind-solar hybrid power project (comprising of 86.1MW wind and 65MWac solar) to be connected to existing 140MW power evacuation facility at fulsar pooling sub-station.

The company stated that the project includes installation of wind operated electricity generator (commonly also referred as windmill or WTG) each of 2X model. KP Energy will be responsible for providing a range of services, including engineering, procurement, construction, and commissioning (EPCC) for the project.

This entails tasks such as land acquisition, design, manufacturing, supply, construction, erection, testing, and commissioning for the balance of plant and securing the necessary approvals and permits for the project, it added.

The project is scheduled to be completed in the financial year 2024-25.

K.P. Energy is primarily engaged in development of Balance of Plant of wind power projects and allied services related to it along with generation of electricity through its own wind power generating assets and operation and maintenance services of BoP of wind power projects primarily in India.

The company’s consolidated net profit jumped 22.1% to Rs 8.18 crore on 24.6% rise in net sales to Rs 70.23 crore in Q2 FY24 over Q2 FY23.

Shares of KP Energy declined 0.51% to Rs 740 on the BSE. The scrip hit 52-week high at Rs 749.85 in today’s intraday session.