Stock in Focus: Renewable energy sector KPI Green Energy Ltd has signed a major contract with state power producer SJVN Ltd for a 200 MW (AC) solar power project. This project will be built at GIPCL Renewable Energy Park, Khavda, Gujarat. The total value of this deal is ₹696.50 crore. This marks a significant milestone in KPI Green’s growing portfolio of utility-scale renewable energy projects.
Project details and scope
Under this agreement, KPI Green Energy will be responsible for the supply, construction work, insurance, testing and commissioning of all the plant and equipment required for the entire project.
The company will also undertake operation and maintenance (O&M) work for three years after the commercial operation date (COD) of the project, which will include supply of spares and consumables. The project has been taken up under three different contracts – Supply, EPC (Engineering, Procurement and Construction) and O&M.
KPI Green’s growing expansion in Khavda
With this new project, KPI Green Energy’s total capacity at Khavda exceeds 845 MWp (DC). The company said this will further strengthen its position as a leading EPC service provider in one of India’s most important renewable energy hubs.
What did the company chairman say?
Dr. Farooq G, Chairman and Managing Director of KPI Green Energy. Patel said, ‘We are very excited to sign the contract with SJVN for this 200 MW project. “This agreement with a premier Government of India company demonstrates KPI Green’s credibility and our ability to successfully deliver large-scale renewable energy projects.”
This contract is not only a financially sound deal for KPI Green Energy, but also further strengthens its role in India’s green energy mission.
Shares of KPI Green Energy
Shares of KPI Green Energy closed at Rs 468.25, down 0.80% on Friday. The stock has gained 7.14% in the last 6 months. 6.48% decline in 1 year. At the same time, this year i.e. in 2025, KPI Green Energy has declined by 15.28%. The market cap of the company is Rs 9.23 thousand crore.
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