March 19, 2025 – KPI Green Energy Limited has secured a financial sanction of ₹272 crore from the National Bank for Financing Infrastructure and Development (NaBFID) to support the development of a 50MW hybrid power project in Bharuch, Gujarat. The project will consist of 75.2MWp of solar capacity and 16.95MW of wind capacity, further strengthening the company’s commitment to renewable energy expansion;Shares of KPI Green Surges 2.30% and trading and Rs 392 on BSE
The financial assistance falls under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, ensuring transparency and compliance with stock exchange norms. The project will be implemented under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL).
A Major Step Towards Renewable Growth
The hybrid power project aligns with KPI Green Energy’s broader vision of achieving 10GW of installed renewable capacity by 2030. This initiative will not only contribute to India's green energy transition but also reinforce the country’s commitment to sustainable and environmentally friendly power solutions.
KPI Green Energy, a part of the KP Group, continues to expand its footprint in the renewable energy sector, leveraging wind-solar hybrid solutions to ensure efficient and reliable power generation. With this latest financial backing, the company is poised to accelerate project execution and meet its ambitious renewable energy targets.
This announcement reflects growing investor confidence in India’s clean energy sector, driven by policy support and rising demand for sustainable power sources. The move is expected to enhance energy security while reducing carbon emissions, aligning with India’s renewable energy goals.
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