India's equity benchmarks opened higher on Friday, led by financials, while information technology stocks posted modest gains after Tata Consultancy Services Q2FY26 earnings. The Nifty 50 rose 0.21% to 25,235.1, while the Sensex added 0.24% to 82,370.41 as of 9:26 a.m. IST.
Meanwhile, KPI Green Energy share price jumped over 3% after the company announced that it had successfully received the Category A Power Trading Licence from the Gujarat Electricity Regulatory Commission (GERC). This milestone is expected to unlock new growth within the renewable power market.
The acquisition of the Category A licence is considered a strategic milestone for KPI Green Energy. It significantly enhances the company’s capabilities by enabling it to trade electricity and optimise its realisation. This optimisation will be achieved by aligning power sales with current demand curves for the extensive KP Group’s 6+ GW renewable portfolio.
“This licence is a strategic milestone for us. It not only empowers KPI to participate directly in
dynamic markets but also allows us to sell power when and where it’s most needed—maximising realisations, expanding customer choice, and accelerating India’s clean-energy transition,” said Dr. Faruk Patel, Chairman & Managing Director.
The GERC approval represents a major leap towards efficient green power monetisation. By actively matching electricity sales to market demand, including through day-ahead and real-time products, KPI Green Energy intends to enhance both customer flexibility and the financial realisation derived from its renewable energy generation.
With the Category A Power Trading Licence, KPI Green Energy is now able to implement several key market strategies:
On Friday, KPI Green Energy's share price jumped over 3% as the company received the Category A Power Trading Licence from the GERC. As of 10:02 am, the stock price was trading at ₹437.50 per share, up by 3.84%. The stock price has seen a decline of 20% on a year-to-date basis, while in the last 6 months it has recovered 4.18%.