KPI Green Energy Share Price Drop 0.88% Despite Securing ₹489.17 Crore Floating Solar EPC Contract

Mumbai, 3 December 2025: KPI Green Energy Ltd has won a significant ₹489.17 crore engineering, procurement, and construction (EPC) order from Gujarat State Electricity Corporation Ltd (GSECL) to develop a 142 MW (DC) / 110 MW (AC) floating solar project at the Kadana Dam reservoir in Gujarat’s Mahisagar district. Despite the order, shares of KPI Green Energy share price (NSE: KPIGREEN) was trading at ₹426.10, down ₹3.80 (0.88%) as of 11:43 am IST, reflecting short-term market fluctuations.

₹489.17 Crore Floating Solar Deal Strengthens KPI Green Energy’s Clean Energy Portfolio

The EPC contract covers full design, engineering, procurement, construction, and installation of the floating photovoltaic (PV) system, along with grid-connection works including a 33 kV underground transmission line to the pooling station and 33/220 kV bays at the Kadana substation. The project also includes a 10-year operations and maintenance (O&M) agreement and is scheduled for completion within 18 months.

This order represents KPI Green Energy’s entry into floating solar technology, complementing its existing ground-mounted and rooftop solar projects, and consolidates its position as a full service EPC provider in India’s renewable energy sector.

Full-Service EPC Award Catalyses KPI Green Energy’s Expansion Across 110 MW Floating Solar Segment

Dr Faruk G Patel, Chairman and Managing Director of KP Group, described the EPC award as a “major milestone” for KPI Green Energy, emphasising its expansion into next-generation renewable solutions. The project demonstrates the company’s ability to manage large scale, technically complex solar installations while integrating floating PV systems with grid infrastructure.

KPI Green Energy operates renewable assets under captive power producer and independent power producer models, highlighting its diversified portfolio in India’s solar energy sector.

KPI Green Energy Market Metrics Highlight Current Trading Range Amid New EPC Order

As of 3 December 2025, 11:43 am IST, KPI Green Energy shares were priced at ₹426.10, down 0.88%, with an opening price of ₹439, intraday high of ₹441.35, and low of ₹420. The company has a market capitalisation of ₹8,410 crore, a price-to-earnings ratio of 21.89, a dividend yield of 0.20%, and a quarterly dividend of ₹0.21. Its 52-week high stands at ₹588.80, while the 52-week low is ₹313.40, reflecting volatility and growth potential in India’s renewable sector.

KPI Green Energy Strengthens Footprint in Floating Solar Amid India’s Renewable Energy Transition

The Kadana Dam project utilises floating PV technology, maximising land and water efficiency while producing renewable energy. Securing this ₹489.17 crore EPC contract positions KPI Green Energy to deliver large-scale projects with long-term operational support, reinforcing its role in India’s energy transition and expanding its technological portfolio.

KPI Green Energy’s ₹489.17 crore floating solar EPC contract highlights India’s growing adoption of innovative floating solar solutions. The project enhances KPI Green Energy’s EPC and operational capabilities, enabling efficient project execution and reinforcing its presence across ground-mounted, rooftop, and floating solar segments.

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