As per a press release on exchange filings, company said that the approval authorises KPI Green Energy to undertake electricity trading across state boundaries, enabling participation in India’s national power markets and aligning its power sales strategy with regional demand dynamics.
It added that the company had earlier received an intra-state power trading licence from the Gujarat Electricity Regulatory Commission (GERC). With the addition of the inter-state licence from CERC, the company is now positioned to operate across India and establish a pan-India power trading platform.
Commenting on the development, Faruk G. Patel, Chairman & Managing Director, said that the inter-state trading licence strengthens the company’s ability to operate across markets and respond to evolving demand patterns.
He added that it enhances flexibility in power sales, supports better price discovery, and positions KPI Green Energy to unlock greater value from its renewable energy portfolio.
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With this licence in place, KPI Green Energy will be able to access demand centres across multiple states, expanding beyond region-specific power offtake arrangements. It will also be able to dynamically allocate power based on market conditions, improving realisations through better timing and location of sales.
In addition, the company can engage with a wider spectrum of customers, including industrial and utility buyers across different geographies, and participate in exchange-led and short-term markets, complementing its existing long-term contracting strategy.
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Shares of KPI Green closed at ₹440.50 on the NSE, up ₹6.00 or 1.38% on the day. The stock showed positive momentum during the session, reflecting investor interest in the renewable energy space.