KPI Green Energy Secures ₹696.50 Crore Solar Power Project from SJVN; Share Price Surges

KPI Green Energy Limited has announced the receipt of three Letters of Award (LOAs) from SJVN Limited, a Government of India enterprise, for the development of a 200 MW (AC) solar project at the GIPCL Renewable Energy Park in Khavda, Gujarat. 

The total project value stands at ₹696.50 crore, excluding GST, and covers Engineering, Procurement and Construction (EPC) works along with a long-term Operation and Maintenance (O&M) contract.

Project Scope and Details

The awarded project includes three components: supply of plant and equipment at the site worth ₹486.89 crore, erection and commissioning work valued at ₹178.27 crore, and a comprehensive O&M contract worth ₹31.34 crore for three years post-commercial operation.

The project is part of the Khavda Renewable Energy Park, which is poised to become the world’s largest renewable energy installation. KPI Green Energy is already executing a 645 MWp solar cluster at Khavda. With this new award, the KP Group’s total portfolio in Khavda will exceed 845 MWp (DC).

The contract reinforces KPI Green’s “Development to Long-Term Service” model, encompassing the entire project lifecycle from equipment supply and construction to maintenance, ensuring consistent revenue streams and demonstrating its execution excellence.

Strategic Significance

“This award from a leading central public sector enterprise like SJVN reflects our proven ability to deliver large-scale solar projects with quality and reliability,” the company said in its statement. The collaboration strengthens KPI Green’s foothold in one of India’s most significant renewable energy zones, positioning it as a major player in the national solar ecosystem.

SJVN Limited, a Mini Ratna Category-I PSU under the Government of India and the Government of Himachal Pradesh, is a key player in India’s renewable energy landscape with an increasing focus on solar expansion.

Read More: KPI Green Energy Secures 100 MW Solar Power Project Orders Under CPP Segment!

KPI Green Energy Share Performance

As of October 17, 2025, at 11:58 AM, KPI Green Energy share price is trading at ₹467.25 per share, reflecting a surge of 1.54% from the previous closing price.

Conclusion

The 200 MW project win marks another milestone for KPI Green Energy as it expands its EPC and renewable portfolio in India’s largest solar park. With its integrated business model and robust execution capabilities, the company continues to build a strong presence in India’s clean energy transition journey.

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