1,460 per cent returns: This multibagger power generation company receives order for a 464.10-megawatt wind-solar hybrid power project from NTPC Ltd!
The stock gave multibagger returns of 185 per cent in just 1 year, 1,000 per cent in 2 years and a whopping 1,400 per cent in 3 years.
KP Energy Ltd informed that the company has been awarded contract(s) through the Notification of Award (NOA) for the development of a 464.10 MW Balance of System Package for an Inter-State Transmission System (ISTS) connected wind energy project to be developed in the state of Gujarat.
These contract(s) have been awarded by NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary of NTPC Ltd. This project falls under the Company's 'Captive Power Producer (CPP)’ business segment. The project will be completed within 21 months from NOA.
Earlier, the company commissioned a further 10.5MW (Phase-V) ISTS-connected wind power project comprising 5 numbers of WTGs of 2.1MW each at the Sidhpur site in Devbhoomi Dwarka. With the present Phase-V commissioning the net cumulative capacity commissioned at the Sidhpur site stands at 138.6MW (i.e., 52.5MW + 29.4MW + 25.2MW + 21MW+ 10.5MW) against the awarded capacity 250.8 MW.
K.P. Energy Limited is a balance of plant (BoP) solution provider for the wind energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project.
Talking about finances, this power company has a market cap of Rs 1,255 crore with a 3-year stock price CAGR of 150 per cent. The shares of the company have an ROE of 41.4 per cent and an ROCE of 51.2 per cent. The company reported positive numbers in its Quarterly Results (Q1FY24) and annual results (FY23).
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On Friday, shares of KP Energy Ltd jumped 5 per cent upper circuit to Rs 564.65 per share from its previous closing of Rs 537.80. The stock’s 52-week high is Rs 600 and its 52-week low of Rs 143.05.
The stock gave multibagger returns of 185 per cent in just 1 year, 1,000 per cent in 2 years and a whopping 1,400 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.