KPI Green Energy Shares Climb 2.68% After Winning 150 MW Wind Project from GUVNL
By Shishta Dutta | Published at: Jul 15, 2025 04:39 PM IST
Surat, July 15, 2025: Shares of KPI Green Energy Ltd (NSE: KPIGREEN) climbed by 2.68% to ₹541.50 on Tuesday as of 12:20 PM, following the company’s announcement that it has secured a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd (GUVNL). The LOI is for the development of a 150 MW grid-connected wind power project.
The project was awarded as part of GUVNL’s “Wind Phase IX” competitive bidding process, which originally tendered for a 250 MW base capacity with a greenshoe option for an additional 250 MW. KPI Green successfully bid for a 150 MW capacity, showcasing its competitive position in the renewable energy sector.
Stock Performance Snapshot (As of 12:20 PM IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹541.50 |
| Change | +₹14.15 |
| Percentage Change | +2.68% |
| Intraday High | ₹552.80 |
| Intraday Low | ₹530.00 |
| Previous Close | ₹527.35 |
| VWAP | ₹541.43 |
| Traded Volume | 12.34 lakh |
| Traded Value | ₹66.80 crore |
Key Order Details
As per the regulatory disclosure filed on July 15, 2025, KPI Green Energy received the LOI from GUVNL (reference: GUVNL/RE/Wind/1034 dated July 14, 2025). The formal Power Purchase Agreement (PPA) for this project will be executed subsequent to receiving approval from the Gujarat Electricity Regulatory Commission (GERC).
This significant award is consistent with KPI Green’s long-term strategic objective to scale its renewable energy capacity to 10 GW by 2030. The win further underscores the company’s strong execution capabilities and its leadership role in the development of sustainable energy solutions in India.
Order Snapshot
| Particulars | Details |
|---|---|
| Project Awarded By | Gujarat Urja Vikas Nigam Ltd |
| Nature of Order | Letter of Intent (LOI) |
| Capacity Awarded | 150 MW |
| Tender Phase | Wind Phase IX (Reverse Auction) |
| Auction Date | April 22, 2025 |
| PPA Status | To be executed post-GERC approval |
| Related Party Interest | None |
Market Valuation and Metrics
| Metric | Value |
|---|---|
| Market Capitalisation | ₹10,686.02 crore |
| Free Float Market Cap | ₹5,289.84 crore |
| Adjusted P/E Ratio | 31.80 |
| Symbol P/E | 31.99 |
| Annualised Volatility | 61.71% |
| Daily Volatility | 3.23% |
| % Deliverable Volume | 43.70% |
| Applicable Margin Rate | 24.87% |
Order Book Snapshot (As of 12:20 PM IST)
| Bid Price (₹) | Bid Qty | Ask Price (₹) | Ask Qty |
|---|---|---|---|
| 541.25 | 33 | 541.60 | 74 |
| 541.20 | 33 | 541.65 | 78 |
| 541.15 | 38 | 541.70 | 204 |
| 541.10 | 51 | 541.75 | 89 |
| 541.05 | 34 | 541.80 | 585 |
- Total Buy Quantity: 96,759
- Total Sell Quantity: 3,39,322
What’s Ahead?
KPI Green’s 150 MW wind project win from GUVNL strengthens its renewable portfolio and aligns with its 10 GW capacity target by 2030. While the PPA awaits GERC approval, the LOI enhances future revenue visibility. Investor focus will now shift to:
- Timely regulatory clearance and PPA execution
- Project timelines and margin outlook
- Participation in upcoming green energy bids
If progress stays on track, the stock may see continued positive sentiment in the near term, especially with renewable sector tailwinds.
About KPI Green Energy Limited
KPI Green Energy Limited is a listed company on NSE and BSE under the KP Group, engaged in renewable power generation with a strategic focus on solar and wind energy. The company was listed on July 27, 2021, and is part of the NIFTY Total Market Index, with its core operations in power generation.
REF: https://nsearchives.nseindia.com/corporate/KPIGLOBAL_15072025111624_5_KPI_GUVNL_Wind_150MW_15072025_signed.pdf
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