KPI Green Energy shares rally 6% as firm signs MoU with Gujarat govt for ₹4,000 crore project; all you need to know

“The MoU was signed on January 12, 2026, at Marwadi University, Rajkot, as part of the Vibrant Gujarat Regional Conference – Investment Promotion Activity,” the company said in a regulatory filing.

Under the MoU, KP Group proposes to establish renewable energy projects with an aggregate capacity of approximately 855 MW, comprising solar power projects and ISTS-connected wind–solar hybrid power projects, across multiple locations in Gujarat, including Devbhumi Dwarka and Kutch (Bhuj).

The proposed projects under the MoU include a 200 MW (DC) solar power project to be developed under the DREBP scheme and the captive user segment, along with a 405 MW standalone solar power project. In addition, the MoU covers two ISTS-connected wind–solar hybrid power projects—one with a capacity of 100 MW and another of 150 MW—both to be connected through the Central Transmission Utility (CTU).

The total proposed investment for these projects is approximately ₹4,000 crore, with an estimated employment generation of over 4,000. “The proposed projects are expected to be implemented in a phased manner, subject to receipt of applicable statutory approvals and clearances,” KP Green Energy further added.

As per the MoU, the Gujarat government will facilitate KP Group in obtaining necessary permissions, registrations, approvals and clearances from the relevant state authorities, in accordance with applicable policies, rules and regulations.

“This MoU underscores KP Group’s commitment to strengthening Gujarat’s renewable energy ecosystem and contributing to the state’s clean energy and sustainable development objectives,” the company said.

KPI Green Energy share price

At 2 PM, KPI Green Energy shares were trading at ₹449.90 apiece, rising 1.91% on NSE.

Over a month’s time, the stock has gained nearly 4%, while it has fallen 15% in 6 months. On a year-on-year basis, KPI Green Energy shares have surged 3%.

Shares of KPI Green hit a 52-week high of ₹563 on July 16, 2025, and a 52-week low of ₹313.40 on January 29, 2025. Its market capitalisation stood at ₹8,847.79 crore.