Synopsis:
KPI Green Energy Limited has signed a power purchase agreement with Gujarat Urja Vikas Nigam Limited for setting up a wind power project in Gujarat.
The shares of a small-cap company that specializes in operating as an independent power producer and also offers services to captive power producer customers drew investor attention after signing a power purchase agreement with Gujarat Urja Vikas Nigam Limited.
With a market capitalization of Rs.10,064.39 crores, the shares of Garuda Construction and Engineering Limited closed at Rs.510, down by 4.17 percent from its previous day closing price of Rs.532.20.
Agreement
KPI Green Energy Limited has signed a Power Purchase Agreement with GUVNL for a 150 MW wind power project in Gujarat, and has also received approval from the Gujarat Electricity Regulatory Commission for the tariff and PPA.
The project is scheduled to begin supplying electricity on November 3, 2027, under a 25-year PPA with a fixed tariff of Rs.3.64 per unit. This deal underscores KPI Green’s capability in executing large-scale renewable energy projects and strengthens its position in the wind power sector.
KPI Green Energy Limited’s MD, Mr. Faruk Patel, commented as follows: “We are delighted to execute this 150 MW Wind PPA with GUVNL. The project underscores our consistent performance in competitive bidding and reinforces our commitment to accelerating India’s clean energy transition. This milestone also brings us closer to our strategic objective of achieving 10 GW of installed renewable capacity by 2030.”
About the Company
KPI Green Energy Limited, founded in 1994 by Dr. Faruk G. Patel, KP Group has grown into a diversified conglomerate with strengths in renewable energy, infrastructure, and innovation. Over the past 30 years, it has led sustainable projects in wind, solar, hybrid energy, battery energy storage systems, and green hydrogen, supporting India’s green energy goals.
With a strong renewable energy portfolio, KP Group is recognized as a reliable partner for companies aiming to lower their carbon footprint and continues to drive India’s energy transition while setting new standards in the sector.
The company’s revenue increased from Rs.348 crore in Q1FY25 to Rs.603 crore in Q1FY26, while net profit rose from Rs.66 crore to Rs.111 crore for the same time period. It has a return on equity of 19 percent and a return on capital employed of 17 percent. The company’s P/E ratio is 28.02, lower than the industry average of 29.38.
Written by: Jhanavi Sivakumar
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.
