Bengaluru, April 23 -- A Gujarat-based wind energy developer has received a significant regulatory green light, granting it the authority to participate in inter-state power trading across India. The approval, issued by the country's central power regulator, marks a strategic shift for the company - moving beyond project development into active power marketing, with potential implications for revenue mix and long-term growth.

Shares of K.P. Energy Ltd rose nearly 8% on Thursday, supported by a market cap of Rs. 2,509 Crore. The stock opened at Rs. 393.95, touched Rs. 380.95, and currently trades at a price-to-earnings multiple of 16.9.

From Regional Developer to Nationwide Power Marketer

CERC Grants Category V Trading Licence

KP Energ...