KPI Green Energy shares gain 3% as firm bags orders worth ₹697 crore from SJVN

“…we wish to inform that KPI Green Energy Limited has received three distinct Letters of Award (LOAs) from SJVN Limited (A Government of India Enterprise) for a major 200 MW (AC) Solar Power Project at the GIPCL Renewable Energy Park, Khavda, Gujarat,” KPI Green said in a regulatory filing.

The project includes a complete EPC (Engineering, Procurement, and Construction) package, followed by a long-term operation and maintenance (O&M) contract.

KPI Green will supply, erect, test, commission and undertake O&M as per the terms of the LOAs and bid documents.

The project, with a total aggregate value of ₹696.50 crore, is structured across three major contracts.

The first contract, valued at ₹486.89 crore, covers the supply of all plant and equipment at the site as per the project schedule. The second contract, worth ₹178.27 crore, includes erection, testing, commissioning, and civil and structural works, also aligned with the project timeline.

The third contract, a comprehensive O&M agreement, is valued at ₹31.34 crore and spans three years from the commercial operation date.

Last week, KPI Green Energy secured the Category A Power Trading Licence from the Gujarat Electricity Regulatory Commission (GERC), enabling the company to trade electricity and optimise realisation by aligning power sales with demand curves for KP Group’s 6+ GW renewable portfolio.

At 11:30 AM, KPI Green Energy shares were trading at ₹468.20 apiece, rising 1.84% on NSE.

Over the past five trading sessions, shares of the company have gained over 6%, while they have fallen 4% in a month. In the last six months, the stock rose 10% but has declined 15% year-to-date.

Shares of KPI Green hit a 52-week high of ₹588.80 on January 3, 2025, and a 52-week low of ₹313.40 on January 29, 2025. Its market capitalisation stood at ₹9,254.31 crore.