Asia
K.P. Energy Gets Inter-State Electricity Trading Licence in India; Shares Up 5%
K.P. Energy Ltd. (NSE:KEPL, BOM:539686) has received an inter-state electricity trading licence from the Central Electricity Regulatory Commission (CERC), according to a Thursday filing to the Indian stock exchanges.This approval will allow the company to undertake electricity trading across states and participate in nationwide power markets beyond region-specific offtake arrangements.It will help the company to engage with a broader customer base, including utilities and commercial and industrial consumers. It will also participate in exchange-led and short-term markets, as well as in long-term contracting strategies.The company's shares were up nearly 5% in recent trade.
BOM:539686NSE:KEPL
