K.P. Energy Shares Surge Over 9% as KP Group Signs ₹8,000 Crore MoU with Gujarat Government for Hydrogen and EV Fuel Stations

Surat, October 10, 2025: Shares of K.P. Energy Ltd (BSE: 539686, NSE: KPEL) surged more than 9% on Friday after the senior management of the KP Group signed a ₹8,000 crore Memorandum of Understanding (MoU) with the Government of Gujarat to start a state-wide Hydrogen and Electric Vehicle (EV) fuel stations network. The announcement of the deal was made at the Vibrant Gujarat Regional Conference 2025 held at Ganpat University, Mehsana.

Founded in 1994 by Dr. Faruk G. Patel, KP Group has evolved into a diversified renewable energy and infrastructure conglomerate. It has spearheaded several landmark wind and solar energy projects, contributing significantly to India’s clean energy mission and carbon reduction efforts.

Stock Performance and Market Reaction

K.P. Energy shares opened the day at ₹386.05 and closed at ₹423.50, gaining ₹37.45, or 9.59%. The company’s market capitalization stood at approximately ₹2,826.82 crore, with a total trading value of around ₹4.67 crore. Operating in the renewable energy sector, K.P. Energy is listed on the BSE SmallCap index.

Details of the MoU

The ₹8,000 crore investment agreement, signed on October 9, 2025, is a major step toward promoting clean energy infrastructure in Gujarat. The project aims to develop a statewide network of Hydrogen and EV fuel stations, positioning the state as a leader in green mobility solutions. The MoU was formalized in the presence of Chief Minister Bhupendrabhai Patel, as part of the state’s ongoing investment promotion efforts.

The agreement is expected to generate approximately 1,000 direct and indirect employment opportunities. The Gujarat government will facilitate necessary approvals, permissions, and clearances to expedite project execution. Mr. Affan Patel, Whole-Time Director, signed the MoU on behalf of KP Group, while Smt. Bhakti Shamal, Joint Secretary, Energy & Petrochemicals Department, represented the government.

Strategic Significance for KP Group

This move underscores KP Group’s commitment to advancing clean and renewable energy in India, reflecting their confidence in the sector’s long-term growth. The company aims to expand its clean energy portfolio by incorporating hydrogen and electric vehicle (EV) supply infrastructure, extending beyond its existing wind and solar energy operations to provide customers a comprehensive range of clean transportation solutions.

Management Commentary

“Gujarat has consistently led India’s clean-energy transition, and this MoU marks another milestone in that journey. Through this collaboration, we aim to create a robust, future-ready refuelling ecosystem for Hydrogen and Electric Vehicles that will not only enable industries, public transport and private mobility to adopt cleaner fuels with confidence, but also strengthen Gujarat’s position as a frontrunner in sustainable and green infrastructure development,”, said Dr. Faruk G. Patel, Founding Promoter, KP Group.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/2c0efed3-72c8-485f-8c47-760b8ddb94f8.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendation