Latest news with #KPIGreen
Mint
6 days ago
- Business
- Mint
KPI Green receives an order for a 36.87 MW solar power project order: Check for the execution deadline and other details
Stock Market Today: KPI Green has been awarded a Letter of Award or Intent for the development of a 36.87 MW solar power project. Here are the project execution deadline and other details KPI Green Energy Ltd. announced on the exchanges that it received a large solar power project order. In its intimation to the National Stock Exchange and the BSE, or the Bombay Stock Exchange, KPI Green Energy said that M/s. Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has been awarded Letters of Award or Intent for the development of solar power projects with a cumulative capacity of 36.87 MW under our Captive Power Producer (CPP) business segment. Among these, some projects, as per KPI Green Energy, will be developed in accordance with the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, as outlined in the Gujarat Renewable Energy Policy-2023 and GERC Tariff Order (No. 5 & 6) of 2024. Sun Drops Energia Private Limited, a subsidiary of the company, shall develop the projects as per the terms of the order for various clients under the Captive Power Producer (CPP) business segment of the company, including projects under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy under the Gujarat Renewable Energy Policy-2023 & GERC Tariff Order 2024. KPI Green tentative timeline or execution deadline for the project While the aggregate order size is 36.87 MW, the projects are tentatively scheduled to be completed in the financial year 2025-26 in various tranches as per the terms of the orders. KPI Green Energy in the month of June had announced signing MoUs with Delta Electronics India Private Limited to power India's green energy transition. Delta Electronics India is a key provider of energy and power management solutions. Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure, and Solar PV Inverters are the three high-impact domains covered by this partnership. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
06-06-2025
- Business
- Business Standard
Here's why KPI Green share price is buzzing in trade on June 6; details
KPI Green share price: KPI Green shares were in demand on Friday, June 6, 2025, with the stock climbing up to 5.08 per cent to hit an intraday high of ₹528.85 per share. However, by 1:55 PM, KPI Green shares were off day's high, and were trading 1.96 per cent higher at ₹513.10 per share. In comparison, BSE Sensex was up 0.84 per cent at 82,122.89 levels. Catch Stock Market Latest Updates Today LIVE What led to the rally in KPI Green share price? KPI Green Energy shares surged after its parent, KP Group, announced the signing of three strategic Memoranda of Understanding (MoUs) with Delta Electronics India, aimed at accelerating clean energy and technology deployment. The agreements focus on three high-impact areas including battery energy storage systems (BESS), green hydrogen and electric vehicle (EV) charging infrastructure, and next-generation solar inverters. The development has deepened the existing relationship between KP Group and Delta Electronics, providing a comprehensive framework to fast-track the rollout of renewable energy solutions in India and potentially abroad, the company said. 'This collaboration is a strong testament to the trust and shared values between Delta Electronics and KP Group. This enhanced collaboration is built on shared values of sustainability, innovation, and reliability. 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. We recognise that India's decarbonization journey depends on the convergence of technologies. Our collaboration with KP Group is a bold step to create a cleaner, smarter mobility ecosystem,' said Niranjan Nayak, MD of Delta Electronics India. Under the BESS MoU, KP Group will spearhead the development and integration of large-scale battery storage projects, leveraging its engineering and execution capabilities, while Delta Electronics will supply advanced power electronics, energy management systems, and post-installation services such as monitoring and long-term maintenance support. ALSO READ | In the clean mobility space, the green hydrogen and EV infrastructure MoU outlines the creation of integrated hydrogen refueling stations and EV charging hubs powered by renewable energy. Under this MoU, KP Group will take charge of infrastructure development, while Delta Electronics will provide the core technologies, including EV chargers, hydrogen compression systems, and real-time energy management software. The collaboration will also involve training personnel for the safe and efficient operation of these stations. The third MoU pertains to Delta Electronics supplying approximately 1 GW of advanced solar inverters to KP Group over the next year. These inverters will be integrated into KP's upcoming solar projects and are designed for high efficiency, grid stability, and compatibility with hybrid energy systems that combine solar and battery storage. Delta Electronics will also provide ongoing technical support and collaborate on technology workshops to keep the systems aligned with emerging innovations. Faruk Patel, CMD of KP Group, said, '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.' About KP Group KP Group, headquartered in Surat, Gujarat, is among India's leading renewable energy conglomerates. Founded in 1994 by Faruk G Patel, the Group operates through its three listed entities—KPI Green Energy, KP Energy, and KP Green Engineering Ltd. (KPGEL). With fully integrated capabilities in engineering, procurement, and construction (EPC), renewable-focused manufacturing, project development, and asset management, KP Group offers end-to-end solutions across the clean energy value chain. The Group is also at the forefront of emerging green technologies, actively investing in battery energy storage systems (BESS), developing green hydrogen production facilities, and preparing for offshore wind projects. While it maintains a strong base in Gujarat, KP Group is rapidly expanding into both domestic and international markets.
Time of India
14-05-2025
- Business
- Time of India
KPI Green Energy Q4 Results: PAT more than doubles to Rs 104 crore, revenue jumps 97%; Stock rallies 8%
KPI Green Energy Ltd reported a 142% year-on-year jump in consolidated profit after tax to Rs 104 crore for the fourth quarter ended March 2025, compared to Rs 43 crore in the same period last year. Shares of the company rallied as much as 7.6% on Wednesday to Rs 446.75 on the BSE. The company said that it 'delivered an exceptional fourth quarter and full-year performance, underscoring its robust execution capabilities and market leadership in renewable energy .' KPI Green achieved its highest-ever quarterly turnover for the fourth consecutive quarter, with revenue from operations rising 97% to Rs 569 crore. EBITDA grew 76% to Rs 169.43 crore, while profit before tax surged 131% to Rs 138.70 crore. The bottom-line improvement was supported by lower finance costs following strategic loan repayments from proceeds raised through a Qualified Institutional Placement in Q2 FY25. The board of directors has recommended a final dividend of Re. 0.20 per share of face value Rs 5 for FY25, subject to shareholder approval at the upcoming Annual General Meeting. For the full financial year 2024-25, PAT more than doubled to Rs 325.28 crore from Rs 161.66 crore, while total revenue rose 70% to Rs 1,755.16 crore. 'KPI Green Energy has closed FY 2024-25 on a historic note, surpassing all previous annual financial benchmarks. Notably, the PAT for FY 2024-25 alone exceeds the total annual revenue of FY 2021-22, reflecting the company's exceptional growth trajectory,' the company said. Strategic developments The year also saw the company complete a Rs 1,000 crore QIP, with participation from marquee investors including Morgan Stanley Asia, BofA Securities Europe SA, Societe Generale, Goldman Sachs Singapore, and Motilal Oswal Equity Opportunities Fund. The proceeds were used to repay term loans and support working capital for upcoming projects. KPI Green secured major solar project contracts—300 MWAC from Coal India Ltd and 100 MWAC from MAHAGENCO—further strengthening its leadership in high-capacity renewable energy execution. Construction on these projects is underway, with management expecting early completion. The company also received a long-term credit rating upgrade to [ICRA] A with a Positive outlook from [ICRA] A-, reflecting increasing stakeholder confidence. KPI Green expanded operations into Rajasthan, Madhya Pradesh, and Odisha through new Memorandums of Understanding with state governments. The company said its accelerating growth is 'mirrored across all key metrics,' reinforcing its position in India's clean energy transition. Also read | Nykaa shares jump 3% after MSCI inclusion, $199 million inflows expected ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
