K.P. ENERGY Share price

The Company was incorporated as K.P. Energy Pvt. Ltd. on January 08 2010 under the Companies Act 1956 with the Registrar of Companies Gujarat Dadra and Nagar Havelli bearing Registration Number 059169. The status of the Company was changed to public limited company and the name of the Company was changed to K.P. Energy Limited by a special resolution passed on April 10 2015. A fresh Certificate of Incorporation consequent to the change of name was granted to the Company on May 11 2015 by the Registrar of Companies Ahmedabad bearing CIN U40100GJ2010PLC059169. The Company?s Registered Office is situated at A-1/2 Firdos Tower Behind Fazal Shopping Centre Adajan Patia Surat - 395009 Gujarat India. K.P. Energy Ltd provides complete solutions from concept till completion of the project life-cycle of a Wind Project. Activities covered are Siting of Wind-farms Lands & Permits acquisition EPCC (Engineering Procurement Construction & Commissioning) of Wind Project Infrastructure including power transmission and Operations & Maintenance of entire Balance of Plant of a Utility Scale Wind-farm. Business model of company is designed to bring scalability in wind sector by serving OEMs (Original Equipment Manufacturers) of Wind Turbines IPPs (Independent Power Producers Captive Users as well as Institutional Investment Programs. In addition to the Wind Power Project Development business we propose to become an Independent Power Producer in Wind Energy and hence we propose to utilise the funds raised through this IPO for Owned generating asset of 2.10 MW scheduled for commissioning in FY 2016. MAJOR EVENTS :2010-Incorporation of the company as K.P. Energy Pvt. Ltd. 2012-Allotted on lease 17 spots (1 hectare each) for Ratdi&Baradia Wind Farm Project from Government. -Allotted on lease 18 spots (1 hectare each) for Matalpar Wind Farm Project from Government.-Acquired land bearing survey no. 217-paiki-20 at Palitana Village: Shevdiwadar for proposed substation to be owned and operated by KPEL w.r.t. the Matalpar Wind Farm Project. -Allotted on lease 21 spots (1 hectare each) for Odedar Wind Farm Project from Government. 2013-Allotted on lease 3 spots (1 hectare each) for Kuchdi Wind Farm Project from Government.2014-Executed 30 MW Joint Development agreement with Suzlon Energy Ltd. dated July 29 2013 for Wind Farm at Ratdi. -Acquired land bearing survey no. 308-paiki-4 at Porbander Village: Baradia for proposed substation to be owned and operated by KPEL w.r.t the Ratdi & Baradia Wind Farm Project. -Allotted on lease 9 spots (1 hectare each) for Matalpar Wind Farm Project from Government.2015-Executed 31.50 MW Joint Development agreement with Suzlon Energy Ltd. dated October 30 2014 for Wind Farm at Khuchdi -Executed 30 MW Joint Development agreement with Suzlon Energy Ltd. dated January 15 2015 for Wind Farm at Matalpar. -Acquired land bearing survey no. 427 at Porbander Village: Degam for proposed substation to be owned and operated by KPEL w.r.t. the Kuchddi Wind Farm Project. -Allotted on lease 21 spots (1 hectare each) for Kuchdi Wind Farm Project from Government. -Commissioned 27.30 MW Wind Power Projects from the Ratdi&Baradia Wind Farm at Porbander. -K.P. Group was selected as India?s Most Promising Brands ? 2015 by World Consulting & Research Corporation. 2016-Revised the joint development agreement with Suzlon Energy for the Mahua Site and Kuchddi to 50.40 MW each. -Commissioned the entire 33.6 MW Wind Power Project at Ratdi and Baradia Wind Farm at Porbander. -Conversion of the Company from Private Limited Company to a Public Limited Company on May 11 2015. -Obtained additional 4.20 MW Power evacuation and substation Permission increasing total from 163.60 to 167.20 MW out of the total of 291.90 MW. -In process of commissioning 29.40MW Wind Power Project at Matalpar. -Allotted on lease 8 spots (1 hectare each) for Miyani Wind Farm Project from Government. -Allotted on lease 12 spots (1 hectare each) for Kuchdi Wind Farm Project from Government. -Allotted on lease 22 spots(1 hectare each) for Mahua (Valdi) Wind Farm Project from Government.