New Delhi, Nov. 19 -- KP Energy share price surged 8 percent on Wednesday, November 19, after the company announced that it had signed an exclusive Memorandum of Understanding (MoU) with Inox Wind to jointly develop 2.5 GW of wind and wind-solar hybrid projects across multiple Indian states. The partnership combines Inox Wind's manufacturing and turbine expertise with KP Energy's on-ground project development capabilities, marking a major step for both companies in India's growing renewable energy sector.

Under the agreement, Inox Wind and its subsidiaries will supply wind turbine generators and related equipment, while also providing detailed engineering support such as USS design, transformer specifications and foundation design. The g...