Latest news with #KPIGreenEnergyLimited
Business Upturn
5 days ago
- Business
- Business Upturn
KPI Green Energy secures LoA from Aditya Birla Renewables for 96 MWp solar project in Gujarat
By Aditya Bhagchandani Published on August 6, 2025, 14:58 IST KPI Green Energy Limited, through its wholly owned subsidiary KPIG Energia Private Limited, has received a significant Letter of Award (LoA) from Aditya Birla Renewables Limited (ABRL) for the development of a 96 MWp Solar Balance of System (BoS) power plant at Mahua, Gujarat. The scope of this contract includes comprehensive services such as design, engineering, procurement, transportation, erection, testing, synchronization, and commissioning of the 64 MWac / 96 MWp project. KPIG Energia will also conduct performance and facility acceptance tests as part of the project completion process. This domestic order, awarded by ABRL, is a strategic milestone for KPI Green, aligning with the company's long-term vision to achieve 10 GW of capacity by 2030. The company emphasized that this win showcases the trust placed in its execution capabilities for large-scale renewable infrastructure projects. The terms and conditions of the project are as per the detailed Letter of Award, with execution timelines defined by the project schedule. KPI Green clarified that there is no related party interest or transaction involved in this contract. This project further strengthens KPI Green's position in India's fast-evolving renewable energy sector. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
15-07-2025
- Business
- Business Upturn
KPI Green Energy secures 150 MW Wind Power Projects from GUVNL
KPI Green Energy Limited has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 150 MW grid-connected wind power projects. The LOI, dated July 14, 2025 (Ref No. GUVNL/RE/Wind/1034), is a result of KPI Green's successful bid in GUVNL's competitive auction under the 'RfS No. GUVNL / 250 MW / Wind (Phase IX)' floated on January 18, 2025. The reverse e-auction for this tender was conducted on April 22, 2025. Out of the total 250 MW capacity tendered—with a greenshoe option for an additional 250 MW—KPI Green emerged as the winning bidder for 150 MW. The project will be executed upon receiving approval from the Gujarat Electricity Regulatory Commission (GERC), following which a Power Purchase Agreement (PPA) will be signed with GUVNL. This order significantly supports KPI Green Energy's strategic vision of achieving 10 GW renewable energy capacity by 2030. It also reinforces the company's growing presence in India's green energy sector, showcasing its technical strength and long-term commitment to clean power. GUVNL, a domestic entity, awarded the LOI under standard terms outlined in the RfS. KPI Green has confirmed that this order does not involve any related party transactions or promoter group interests. Ahmedabad Plane Crash 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
India Gazette
29-06-2025
- Business
- India Gazette
Madhya Pradesh CM holds roadshow in Surat, secures Rs 15,710 cr investment proposals
Surat (Gujarat) [India], June 29 (ANI): Madhya Pradesh Chief Minister Mohan Yadav on Sunday held a roadshow in Gujarat's Surat, aimed at attracting investments from the western state's industrialists and businesses into his state. Talking to reporters in Surat -- a key industrial hub in Gujarat-- CM Yadav said his state has a lot of potential for investments in various sectors. He also noted that investment proposals worth Rs 15,710 crore were announced today, with approximately 11,500 new employment opportunities. Detox Corporation Private Limited will invest Rs 7,500 crore, while KPI Green Energy Limited will invest Rs 6,500 crore in Madhya Pradesh, Chief Minister Mohan Yadav said. 'There is a lot of potential in Madhya Pradesh. Madhya Pradesh has various policies, in addition to the ease of doing business. Today, Madhya Pradesh is standing at a point where from all over the state, as well as from outside the country, entrepreneurs from all sectors are ready to work with us, be it textile, gems, jewellery, chemical, pharma engineering, and all different types of investors,' the chief minister briefed reporters. 'Many other entrepreneurs have expressed their willingness to join Madhya Pradesh. Those who are already involved have doubled their work and decided to build better relations with Madhya Pradesh as a future potential state,' the chief minister added. The Madhya Pradesh government, according to the chief minister, is also ready to work side-by-side and improve relations with its neighbouring states. On the state's future and its contribution to developing India's dreams by 2047, he said Madhya Pradesh aims to contribute USD 2 trillion to the national economy. 'Prime Minister imagines 30 trillion dollars (as part of Viksit Bharat dreams). Therefore, every state should take its own target. We also target to ramp up our economy to USD 2 trillion, and that will be our contribution to the national economy,' the chief minister added. Ashish Gujrati, a Surat-based businessman and former President of Gujarat Chamber of Commerce, talking to ANI, said, he had a good discussion about Madhya Pradesh CM and textiles. 'We discussed how can one invest in textiles in Madhya Pradesh, and especially our textile ecosystem of Surat, the benefits of this ecosystem and the benefits of its experience, and replicate in Madhya Pradesh. We discussed how to develop the textile ecosystem in Madhya Pradesh. The policy of Madhya Pradesh is also very attractive. So there is a lot of investment scope from Surat to Madhya Pradesh,' Ashish Gujrati added. Nikhil Madrasi, the President of the Southern Gujarat Chamber of Commerce and Industry, said industrialists of Surat are ready to bring industry in Madhya Pradesh. 'I can say with great pleasure that we have told him that there is a lot of scope in Surat. And Surat's industry wants to develop, whether it is Madhya Pradesh or Rajasthan or the whole country. We only need Ease of Doing Business. If we get the opportunity for Ease of Doing Business, then the industrialists of Surat are ready to bring industry anywhere,' he added. Ashok Girawala, President, Federation of Gujarat Weavers Association, said: 'Industry is growing in the whole country, whether it is Odisha or Telangana or Bengaluru. Industries are growing everywhere, so I believe that Bhopal as well as Madhya Pradesh will also become a textile hub.' Chairman of South Gujarat CII, Hetul Mehta, said, 'The pharmaceutical industry is one of the fastest-growing industries across India. The ease of doing business and the policies that have come forward for the pharmaceutical industry are a very great investment for the pharma, not only for the Indian domestic market but also for export. India will become one of the largest players in the world in the pharmaceutical industry. All the policies that are in place should favour the pharmaceutical industry so that growth can come into the industry. It's one of the best places to invest.' (ANI)
Business Upturn
19-06-2025
- Business
- Business Upturn
KPI Green Energy's subsidiary secures 36.87 MW solar project orders
By Aman Shukla Published on June 19, 2025, 12:09 IST KPI Green Energy Limited has announced that its subsidiary, M/s Sun Drops Energia Private Limited, has secured Letters of Award/Intent for the development of solar power projects totaling 36.87 MW capacity. These projects fall under the Captive Power Producer (CPP) segment, showcasing the company's continued focus on sustainable energy generation. Some of the awarded projects will be implemented under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, part of the Gujarat Renewable Energy Policy-2023 and governed by the GERC Tariff Order Nos. 5 and 6 of 2024. This highlights KPI Green Energy's strategic alignment with state-level renewable energy initiatives. The contracts have been awarded by various domestic clients, with execution planned across the financial year 2025-26 in multiple tranches. Sun Drops Energia will carry out project development in line with the terms outlined in the respective orders. This achievement underlines KPI Green Energy's growing presence in the captive solar power space and reflects the trust of its clients in its execution capabilities. Importantly, there are no related-party transactions involved in these deals, ensuring full compliance and transparency. Ahmedabad Plane Crash 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
Business Upturn
20-05-2025
- Business
- Business Upturn
KPI Green Energy secures ISTS Connectivity for 642.6 MW wind project in Gujarat
By Aman Shukla Published on May 20, 2025, 13:46 IST KPI Green Energy Limited, through its wholly owned subsidiary Miyani Power Infra LLP, has received an in-principle grant of connectivity from the Central Transmission Utility of India Ltd. (CTUIL) for its 642.6 MW wind power project in Gujarat. This project is a part of the company's strategy to integrate large-scale renewable energy into the national power grid. The connectivity has been granted at the Jam Khambhaliya 400 kV substation in Gujarat. The project will be linked through a dedicated transmission line that shares the KPEL-Jam Khambhaliya PS 400kV single circuit line. This setup ensures compliance with the communication and technical standards laid out by the Central Electricity Regulatory Commission (CERC) and the Central Electricity Authority (CEA). The grant facilitates access to the Inter-State Transmission System (ISTS) under the General Network Access (GNA) Regulations, 2022. This access is key to ensuring that the generated wind power can be transmitted efficiently beyond state boundaries, enabling broader distribution and integration into the national grid. By connecting to the ISTS, KPI Green Energy aims to improve market accessibility, support open access mechanisms, and enable participation in power exchanges. The development also plays a role in enhancing transmission infrastructure while supporting India's renewable energy goals. 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
