KPI Green Energy Ltd

'The company has terminated the order from Sai Bandhan Infinium for the 66.20 MW hybrid power project under the captive power producer (CPP) segment due to a change in project technical requirements post-receipt of the order, said KPI Green. This termination will not have any material financial impact on the company, it added. KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants. The company's consolidated net profit surged 67% to Rs 84.50 crore in Q3 FY25, compared to Rs 50.61 crore recorded in Q3 FY24. Revenue from operations jumped 38.8% year-on-year (YoY) to Rs 458.36 crore in the quarter ended 31 December 2024. Shares of KPI Green Energy added 1.63% to currently trade at Rs 391.90 on the BSE. Powered by Capital Market - Live

Sun Drops Energia, a subsidiary of KPI Green Energy, has been awarded Letters of Award for the development of solar power projects with a cumulative capacity of 13.80 MW under its Captive Power Producer (CPP) business segment. These projects 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. Powered by Capital Market - Live

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 develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants. The company's consolidated net profit surged 67% to Rs 84.50 crore in Q3 FY25 as against Rs 50.61 crore recorded in Q3 FY24. Revenue from operations jumped 38.8% year on year (YoY) to Rs 458.36 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

KPI Green Energy  has received final sanction letter from National Bank For Financing Infrastructure and Development (NaBFID) for credit facilities amounting to Rs. 272 crore for the part financing of the 50MW hybrid power project comprising of 75.2MWp Solar capacity and 16.95MW Wind capacity at Bharuch, Gujarat. This project will be developed under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam. This financial assistance will play a crucial role in developing the project, with the goal of completing it within the stipulated timeframe. Powered by Capital Market - Live

This project, developed under a 25-year power purchase agreement with Gujarat Urja Vikas Nigam, will enhance the company's renewable energy portfolio and support its goal of reaching a 10 GW capacity by 2030. KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants. The company's consolidated net profit surged 67% to Rs 84.50 crore in Q3 FY25 as against Rs 50.61 crore recorded in Q3 FY24. Revenue from operations jumped 38.8% year on year (YoY) to Rs 458.36 crore in the quarter ended 31 December 2024.Powered by Capital Market - Live

At KPI Green Energy, Negi will focus on scaling renewable energy projects, strengthening the company's transmission infrastructure, and expanding its domestic and international footprint. His expertise in large-scale project execution, grid integration, and operational excellence will be instrumental in KPI Green Energy's next growth phase. Surinder Kumar Negi is a distinguished power sector professional with over four decades of experience in transmission, engineering, and project management. A graduate in electrical engineering from G.B. Pant University, Pantnagar, he has played a pivotal role in power transmission, grid modernization, and infrastructure development. Negi has held key leadership positions, including Managing Director of Gujarat Energy Transmission Corporation (GETCO), where he spearheaded the expansion of Gujarat's transmission network, enhanced grid efficiency, and implemented Smart Grid technologies. Prior to this, he served in senior roles at NTPC, POWERGRID, ALSTOM, and Reliance Energy, contributing to high-voltage transmission projects, system planning, and privatization initiatives. Negi serves as the Director of Skipperseil and is also a Director at Manacles Transformers. Under his leadership, Skipperseil has established advanced transformer manufacturing facilities, optimized EPC operations, and driven renewable energy initiatives in India and Africa. KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants. The company's consolidated net profit surged 67% to Rs 84.50 crore in Q3 FY25 as against Rs 50.61 crore recorded in Q3 FY24. Revenue from operations jumped 38.8% year on year (YoY) to Rs 458.36 crore in the quarter ended 31 December 2024. Shares of KPI Green Energy shed 0.10% to Rs 382.20 on the BSE.Powered by Capital Market - Live

KPI Green Energy announce the appointment of Surinder Kumar Negi as its Chief Operating Officer (COO). Surinder Kumar Negi brings over four decades of extensive experience in the power transmission, renewable energy, and infrastructure development sectors, having held leadership roles at NTPC, POWERGRID, ALSTOM, Reliance Energy, Gujarat Energy Transmission Corporation (GETCO), and Skipperseil. Powered by Capital Market - Live

Sun Drops Energia, a subsidiary of KPI Green Energy, has received Letters of Award for development of solar power projects with a cumulative capacity of 15.90 MWDC under the 'Captive Power Producer (CPP)' business segment of the Company.Powered by Capital Market - Live

The orders are under the captive power producer business segment of the company, it said. The company has received the orders from Mexo Fiber, Rayons, Maharaja Industries, Gautam Casting Industries, Gauatam Technocast, Shrirajlaxmi Denim, and Kartik Dyeing. The projects are expected to be completed during the 2025'26 financial year in various tranches as per the terms of the orders. The company's consolidated net profit surged 67% to Rs 84.50 crore in Q3 FY25 as against Rs 50.61 crore recorded in Q3 FY24. Revenue from operations jumped 38.8% year on year (YoY) to Rs 458.36 crore in the quarter ended 31 December 2024. KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants. Shares of KPI Green Energy tumbled 4.38% to currently trade at Rs 454.45 on the BSE.Powered by Capital Market - Live

Net profit of KPI Green Energy rose 66.96% to Rs 84.50 crore in the quarter ended December 2024 as against Rs 50.61 crore during the previous quarter ended December 2023. Sales rose 38.85% to Rs 458.36 crore in the quarter ended December 2024 as against Rs 330.12 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales458.36330.12 39 OPM %29.8631.37 - PBDT130.0881.73 59 PBT115.0171.77 60 NP84.5050.61 67 Powered by Capital Market - Live