Synopsis:
KP Green Engineering has partnered with AHES (South Korea) and GH2 Solar (India) to set up a 100,000 TPA green ammonia plant in India. The project supports India’s Green Hydrogen Mission, with global offtake managed by AHES and GH2.
The shares of a Small-cap company, specializing in the engineering, manufacturing, and galvanization of steel products for infrastructure and renewable energy sectors, are in focus after partnering with a South Korean & other firm to establish a Green Ammonia production facility in India.
With a market capitalization of Rs. 2,840.75 crores on Wednesday, the shares of KP Green Engineering Ltd jumped upto 1.06 percent, making a high of Rs. 571.00 per share compared to its previous closing price of Rs. 565.00 per share.
What Happened
KP Green Engineering Ltd, engaged in the engineering, manufacturing, and galvanization of steel products for the infrastructure and renewable energy sectors, has announced a strategic partnership with South Korea’s AHES Co. Ltd. and India’s GH2 Solar Ltd. to establish a Green Ammonia production facility in India with a capacity of 100,000 metric tons per annum (TPA).
The project, aligned with India’s National Green Hydrogen Mission, will be developed by KPI Green Hydrogen & Ammonia Pvt. Ltd., a KP Group entity. AHES and GH2 will offer technical support and arrange offtake agreements, with AHES also serving as a primary offtaker.
The facility will utilize renewable energy from KP Group companies, leveraging their 30+ years of experience and current portfolio of 1.9 GW installed and 3.9 GW under development. This initiative marks a major step toward sustainable energy and international collaboration in green ammonia production.
The agreement includes production of 100,000 TPA of Green Ammonia, with AHES and GH2 arranging offtake deals, and AHES also acting as a direct offtaker. Pricing will be linked to global ammonia benchmarks, and the partnership spans 15 years, supporting KP Group’s long-term green energy goals.
Dr. Faruk Patel, Chairman & Managing Director – KP Group, stated: “With KPI GH operating the facility and strategic support from AHES and GH2, we are setting new benchmarks in green ammonia production and international collaboration.”
Financials & Others
The company’s revenue rose by 76 percent from Rs. 245 crore in March 2024 to Rs. 432 crore in March 2025. Meanwhile, the net profit jumped by 92 percent from Rs. 24 crore to Rs. 46 crore during the same period.
The company has delivered strong profit growth with a 5-year CAGR of 98.5%. It maintains robust returns, with a current ROCE of 30.1% and a 3-year average ROE of 25.8%, reflecting consistent financial performance.
KP Green Engineering Limited (formerly K P Buildcon Pvt. Ltd.), a part of KP Group, was established in 2001 and has become a key player in renewable energy and infrastructure solutions. The company provides integrated engineering and steel structure manufacturing, with advanced automation and technologies like CNC machinery, robotic welding, and precision cutting and It is also installing Asia’s largest hot-dip galvanizing plant.
The company serves multiple sectors, including renewable energy, power transmission, railways, roads, and chemicals, offering end-to-end design, manufacturing, and installation services. Its core engineering team is focused on innovation, including offshore tubular towers, BESS, and green hydrogen storage, aligning with India’s clean energy goals.
The company operates 4 manufacturing facilities with an existing capacity of 1,42,500 MT/PA, which is set to expand to 4,00,500 MT/PA by FY26. It is building Asia’s largest hot-dip galvanizing plant and has a new 45-acre facility in Matar.
With over 24 years of experience and 22 products across sectors, the company has an order book worth ₹807 crore as of FY25. It has also signed an MoU with the Madhya Pradesh government for further expansion.
Written By Sridhar J
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