KPI Green Energy Limited, a leading renewable energy company, has secured Letters of Award for the development of 14.90 MW solar power plants under the Captive Power Producer (CPP) segment. This project will be executed through its subsidiary, M/s Sun Drops Energia Private Limited, marking another significant step in KPI Green’s commitment to expanding solar energy capacity in India.Following this announcement, KPI Green Energy's stock saw a 2% rise and was trading at ₹406.60 as of 12:03 PM today. The positive market response reflects investor confidence in the company’s expanding renewable energy portfolio and its growth potential.
Project Details
According to the disclosure made to BSE and NSE under SEBI Regulation 30, KPI Green Energy’s subsidiary will develop the solar power projects under agreements with multiple clients. The project is expected to be completed in the financial year 2025-26 in different phases.
Key details of the contract include:
Awarding Entity: Various clients under the CPP business segment
Project Size: 14.90 MW
Execution Timeline: FY 2025-26
Order Nature: Domestic contract
Related Party Transactions: No involvement of promoter/group companies
Impact on KPI Green Energy
This new project win strengthens KPI Green Energy’s position as a leading solar power developer in India. The company's commitment to clean energy aligns with the growing demand for renewable sources among industrial and commercial users. This expansion in capacity under the CPP model will contribute to India's renewable energy goals and support businesses in reducing their carbon footprint.
KPI Green Energy Limited continues to grow its renewable energy portfolio with strategic project wins. The 14.90 MW solar power plants will add to India’s green energy transition, reinforcing the company’s commitment to sustainable development. Investors and stakeholders can expect further updates as the project progresses towards completion in the coming fiscal year.
