Synopsis:
KPI Green Energy Ltd has secured three Letters of Award totaling Rs. 696.50 crore from SJVN Limited for a 200 MW (AC) solar project at Khavda, Gujarat, covering EPC and long-term O&M.
A leading renewable energy developer has come into focus after securing three contracts from SJVN Limited for a 200 MW (AC) solar project at the GIPCL Renewable Energy Park, Khavda, Gujarat. The contracts span supply, construction, and three-year O&M, highlighting KPI Green Energy’s execution capability and strategic positioning in a rapidly growing energy hub.
KPI Green Energy Ltd, with a market capitalization of Rs. 9,243.46 crore, opened at Rs. 460.75 and touched a high of Rs. 471 against a previous close of Rs. 458.75, marking an intraday rise of 2.65 percent.
What’s the News?
KPI Green Energy Ltd has received three distinct Letters of Award from SJVN Limited, a Mini-Ratna, Category-I PSU, for a 200 MW (AC) solar power project at the GIPCL Renewable Energy Park, Khavda, Gujarat. The project encompasses a full-scope EPC package followed by a long-term Operation & Maintenance contract.
The first contract, for the supply of all plant and equipment, is valued at Rs. 486.89 crore. The second, covering erection, testing, commissioning, civil and structural works, is Rs. 178.27 crore. The third, a comprehensive operation and maintenance contract, is Rs. 31.34 crore for three years from Commercial Operation Date. The total aggregate value of all contracts is Rs. 696.50 crore.
The award significantly strengthens KPI Green Energy’s foothold at the Khavda Renewable Energy Park, poised to become the world’s largest renewable energy installation. With the company already executing a 645 MWp solar cluster at Khavda, this additional 200 MW project scales the KP Group’s total Khavda portfolio to over 845 MWp (DC), cementing its position as a leading developer and EPC provider.
The award from a respected central PSU like SJVN underlines KPI’s proven execution capabilities. Encompassing the full project lifecycle from supply and construction to long-term O&M, the project showcases the company’s integrated “Development to Long-Term Service” business model, ensuring recurring revenue streams.
Also Read: Power stock in focus after securing LOA for 400 MW power supply project in Karnataka
Financial Snapshot – Q1FY26 Results
Quarter-on-Quarter (QoQ): Sales rose from Rs. 569 crore to Rs. 603 crore, up 6.0 percent. Operating profit increased from Rs. 161 crore to Rs. 206 crore, a rise of 28.0 percent. Profit before tax grew from Rs. 139 crore to Rs. 149 crore, up 7.2 percent, while net profit rose from Rs. 104 crore to Rs. 111 crore, up 6.7 percent.
Year-on-Year (YoY): Sales increased from Rs. 348 crore to Rs. 603 crore, up 73.3 percent. Operating profit grew from Rs. 132 crore to Rs. 206 crore, a rise of 56.1 percent. Profit before tax climbed from Rs. 91 crore to Rs. 149 crore, up 63.7 percent, while net profit increased from Rs. 66 crore to Rs. 111 crore, a growth of 68.2 percent.
About the Company
KPI Green Energy Ltd operates as an independent power producer under the Solarism brand, focusing on renewable energy project development, construction, ownership, operation, and maintenance in India.
The company provides solar, wind, hybrid energy solutions, and battery storage systems, along with land tracts for third-party projects. Formerly K.P.I. Global Infrastructure Limited, it was renamed KPI Green Energy Ltd in April 2022. Incorporated in 2008 and based in Surat, the company operates through Sale of Power & Plant and Sale of Plots segments.
Written By Manan Gangwar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
