The agreement involves the utilization of respective expertise of both the parties to identify and execute renewable energy projects, such as wind, solar, green hydrogen, and green ammonia projects.

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 reported 69.4% jump in consolidated net profit to Rs 11.74 crore on 52.2% surge in net sales to Rs 108.25 in Q3 FY23 over Q3 FY22.