Aditya Birla Renewable Energy Limited granted the Company a fresh order for the construction of a 23.1MW wind capacity Balance Plant, according to the K P Energy Exchange filing.

The Aditya Birla Group is a global Indian company based in Mumbai, Maharashtra. The organization has a presence in 36 countries. As of 2022, the company’s sales are approximately $60 billion, with worldwide operations accounting for more than half of its revenue.

Metals, cement, fashion and retail, financial services, renewables, fiber, textiles, chemicals, real estate, trade, mining, and entertainment are among the sectors represented by the organization.

Seth Shiv Narayan Birla created the Aditya Birla Group in 1857. Since then, the firm has expanded to become one of India’s greatest corporations.

The Aditya Birla Group is devoted to long-term growth. The organization has set a goal of zero carbon emissions by 2040.

It is a component of the wind-solar hybrid power project (23.1MW wind and 11MW solar), which will be linked to the existing 140 MW power evacuation plant at Fulsar PSS. 

The project comprises the construction of 11 Suzlon wind-powered generators, and KP Energy will be responsible for a variety of services, including Engineering, Procurement, Construction, and Commissioning (EPCC). 

The return on equity of the company improved from 22.56 percent in FY22 to 34.15 percent in FY23, while the return on capital employed climbed from 16.26 percent to 33.30 percent over the same period. 

The revenue of K P Energy has decreased by 10% year on year, from Rs 124 crore in Q1FY23 to Rs 112 crore in Q1FY24. During the same year, the company’s net profit increased by 66%, from Rs 9 crore to Rs 15 crore. 

The stock of the firm has returned 245 percent in six months and 189 percent over a year. A one-lakh rupee investment in the firm would be worth Rs. 2.89 lakhs after a year and Rs. 3.45 lakhs after a half-year. 

According to the most current ownership pattern, promoters own 44.8 percent of the corporation, while regular investors own 54.94 percent.

K.P. Energy Limited is an Indian company that operates solar and wind energy installations. The firm is involved in the whole wind farm development process, from idea through project commissioning.