KPI Green Energy Subsidiary Gets LoA For New Solar Power Projects
By Shishta Dutta | Published at: Jun 19, 2025 05:32 PM IST
Surat, June 19, 2025 — KPI Green Energy Limited (NSE: KPIGREEN, BSE: 542323) announced that its subsidiary, Sun Drops Energia Private Limited, has secured Letters of Award/Intent for new solar power projects under its Captive Power Producer (CPP) business segment. The projects will be executed through, Sun Drops Energia Private Limited, and will be developed in accordance with the Gujarat Renewable Energy Policy-2023 and GERC Tariff Orders No. 5 & 6 of 2024.
The are Letters of Award/Intent, totaling 36.87 MW, are from various Clients under Captive Power Producer (CPP) business segment of the Company including projects under Distributed Renewable Energy Bilateral Purchase (DREBP) Policy. The projects are expected to be executed in multiple tranches and are tentatively slated for completion during the financial year 2025–26, as outlined in the order terms.
The stock of KPI Green Energy Ltd opened in green on June 19, touching an intraday high of ₹483.20, and are currently trading at ₹471.55, down 1.89% as of 2:33 PM IST.
Project Snapshot
|
Particulars |
Details |
|---|---|
|
Total Order Size |
36.87 MW |
|
Awarding Entities |
Various domestic clients under the CPP segment |
|
Policy Framework |
Gujarat DREBP Policy & GERC Tariff Order No. 5 & 6 (2024) |
|
Executing Arm |
Sun Drops Energia Pvt Ltd (subsidiary of KPI Green) |
|
Nature of Contracts |
Letters of Award/Intent |
|
Execution Timeline |
FY 2025–26 (in tranches) |
|
Related Party Transactions |
No |
|
Promoter Group Involvement |
No |
Regulatory Context
The announcement complies with Regulation 30 of SEBI (LODR) Regulations, 2015, and also references the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
These orders signify KPI Green’s continued growth in the CPP segment, especially under policy-driven frameworks like the Distributed Renewable Energy Bilateral Purchase (DREBP) initiative.
Outlook
KPI Green’s new project orders signal steady growth in its captive solar segment, reinforcing long-term business confidence under supportive state policies. Despite this, the stock’s intraday dip suggests some investor caution, possibly driven by short-term profit booking.
About the Company
KPI Green Energy Ltd is a listed renewable energy company based in Gujarat, India. It focuses on utility-scale solar power generation under Independent Power Producer (IPP) and Captive Power Producer (CPP) models. The company is part of the KP Group and is listed on both NSE and BSE.
For further investor disclosures and updates, shareholders are advised to follow filings under the respective exchanges.
REF: https://nsearchives.nseindia.com/corporate/KPIGLOBAL_19062025121341_3_KPI_CPP_36_87MW_19062025_signed.pdf
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