Latest news with #FarukPatel
Time of India
4 days ago
- Business
- Time of India
KP Group, Delta Electronics India ink 3 strategic initial pacts
Surat-based KP Group on Friday said it has inked three strategic initial pacts with energy and power management solutions provider Delta Electronics India . This collaboration spans three high-impact areas: Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure and Solar PV Inverters , a statement said. The Memoranda of Understanding (MoUs) were signed by Niranjan Nayak, Managing Director of Delta Electronics India, and Faruk Patel, Chairman and Managing Director of KP Group, marking a significant step toward co-developing future-ready energy infrastructure that aligns with India's clean energy ambitions. Delta Electronics India and KP Group already share a long-standing relationship. The newly signed MoUs deepen this collaboration and provide a structured framework to accelerate renewable energy and clean technology deployment at scale, the statement added. The Battery Energy Storage System (BESS) MoU outlines a detailed framework for developing and deploying scalable BESS projects. Live Events In this, KP Group will help in project development, site integration, and regulatory coordination to accelerate the deployment of BESS solutions, whereas Delta will supply key power electronics, including inverters and energy management systems, along with design, integration, and commissioning support, it said. Together, the two companies will deliver energy storage projects in India and potentially overseas markets. As part of the pact focusing on integrated green hydrogen refuelling and EV charging infrastructure, KP Group will lead the development of green hydrogen production plants powered by renewable energy. Delta will contribute critical technology, including energy management systems, hydrogen compression and dispensing components, as well as EV charging hardware and software, and integrated energy management systems. Both parties will jointly design and implement green hydrogen stations and EV charging hubs across India. Under the solar PV inverter agreement, Delta will supply approximately 1 GW of next-generation grid-connected solar inverters over the next 12 months for KP Group's upcoming solar projects across India and selected overseas markets. These are future-ready, supporting both solar-only and hybrid (solar plus storage) configurations. Niranjan Nayak, MD of Delta Electronics India, said, "This collaboration is a strong testament to the trust and shared values between Delta and KP Group." Faruk Patel, CMD of KP Group, stated, "Our partnership is not just about products - it's about co-creating solutions that empower India's energy independence. Whether it is solar, storage, or hydrogen, we believe our combined strengths can build a cleaner, more sustainable tomorrow." KP Group brings to the table integrated expertise across project development, power generation, infrastructure execution, and renewable manufacturing, while Delta brings global experience in high-efficiency power electronics, hydrogen-ready infrastructure, and intelligent controls. PTI Economic Times WhatsApp channel )
Business Standard
4 days ago
- Business
- Business Standard
KPI Green gains after arm inks three strategic MoUs with Delta Electronics
KPI Green Energy rose 2.21% to Rs 514.35 after its parent company, KP Group, signed three strategic Memoranda of Understanding (MoUs) with Delta Electronics to bolster India's clean energy ecosystem. The collaboration focuses on battery energy storage systems (BESS), green hydrogen, EV charging infrastructure, and a 1 GW solar inverter supply. The first MoU centers on the development of scalable BESS projects. KP Group will lead project development and site integration, while Delta will provide critical components such as inverters and energy management systems. The partnership aims to deliver energy storage projects across India and explore global markets. The second MoU targets the green mobility sector. KP Group will establish green hydrogen production units powered by renewable energy, while Delta will supply hydrogen compression and EV charging technologies. The two firms will jointly develop hydrogen refueling and EV charging stations pan-India, with Delta offering AC and DC fast chargers, along with monitoring and billing platforms. Under the third MoU, Delta will supply nearly 1 GW of solar PV inverters over the next year for KP Groups upcoming solar projects. These inverters will support standalone and hybrid (solar + storage) systems with features like high efficiency, remote diagnostics, and grid support functionalities. The companies will also collaborate on post-installation services, including training, preventive maintenance, and spare part supply. Joint workshops are planned to ensure KP Group stays aligned with Deltas latest technological advancements. Niranjan Nayak, MD, Delta Electronics India, said, Our collaboration with KP Group is a bold step toward building a cleaner, smarter mobility ecosystem. With this 1 GW inverter partnership and extended collaboration on BESS and green hydrogen, we are committed to delivering best-in-class technology and lifecycle support. Faruk Patel, CMD, KP Group, added, This partnership goes beyond product supplywere co-creating innovative solutions for Indias energy independence. Whether solar, storage, or hydrogen, we aim to shape a cleaner, more sustainable tomorrow. KPI Green Energy develops, builds, owns, operates, and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name of 'Solarism.' The company's consolidated net profit surged 142% to Rs 104.18 crore on 97% rise in total income to Rs 577.80 crore in Q4 FY25 over Q4 FY24.
Business Upturn
4 days ago
- Business
- Business Upturn
KPI Green Energy shares surge over 4% on strategic MOUs with Delta Electronics
KPI Green Energy shares rose over 4% in early trade after its parent company, KP Group, signed three strategic Memoranda of Understanding (MOUs) with Delta Electronics India, a key player in power and energy management solutions. As of 11:33 AM, the shares were trading 3.69% higter at Rs 522.05. The MOUs focus on three critical clean energy areas: Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure, and Solar PV Inverters. This partnership is expected to significantly enhance India's energy transition capabilities by accelerating the deployment of sustainable and scalable energy solutions. The agreements were officially signed by Mr. Niranjan Nayak, Managing Director of Delta Electronics India, and Dr. Faruk Patel, Chairman and Managing Director of KP Group. The collaboration is positioned to support India's net-zero ambitions and foster innovation in next-generation energy infrastructure. KP Group and Delta Electronics India have a long-standing relationship, and the new MOUs aim to deepen their cooperation. The partnership provides a structured framework for co-developing advanced renewable energy systems and clean technologies, potentially opening new business avenues for KPI Green Energy. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
