KPI Green Energy Share Price Gains After Securing LOI From GUVNL for 150 MW Wind Project

KPI Green Energy Limited disclosed that it has been awarded an LOI by GUVNL, dated July 14, 2025, for the development of 150 MW grid-connected wind power projects in Gujarat. The final Power Purchase Agreement (PPA) will be executed upon approval from the Gujarat Electricity Regulatory Commission (GERC).

Part Of GUVNL’s Competitive Bidding Process

The allocation comes under GUVNL’s “Procurement of power through competitive bidding process” as detailed in RfS No. GUVNL / 250 MW / Wind (Phase IX) was released in January 2025. KPI Green secured the LOI after emerging as a successful bidder in a reverse e-auction conducted on April 22, 2025.

The tender process allowed for an additional capacity through a Greenshoe option, and KPI Green managed to secure 150 MW out of the potential 250 MW allocation, demonstrating its competitive edge and execution capability in India’s renewable energy sector.

Aligned With KPI’s Strategic Vision

This order strengthens KPI Green Energy’s positioning in the renewable space. The company considers this project to be a key step towards its broader goal of achieving a 10 GW energy portfolio by the end of this decade. The management stated that the award reflects confidence in their technical and execution capabilities.

Key Terms Of The Contract

As per regulatory disclosures, the project will be developed in accordance with the specifications and timeline outlined in GUVNL’s original RFS. The LOI is categorised as a domestic order and does not involve any related party transactions. The promoters of KPI Green Energy have no direct or indirect interest in the awarding authority, GUVNL.

KPI Green Energy Share Price Performance 

On 15 July 2025, KPI Green Energy share price on the NSE showed a notable upward movement. The stock opened at ₹530.00, slightly higher than its previous close of ₹527.35, and during the session, it touched an intraday high of ₹552.80. By 12:06 PM IST, the stock was trading at ₹541.60, reflecting a gain of approximately 2.63%.

Read More: GAIL Signs 10-Year LNG Deal with Vitol Asia Pte Ltd for 1 MMTPA Supply! 

Conclusion

The LOI from GUVNL marks a notable milestone for KPI Green Energy. It not only signals continued momentum in the company’s wind energy business but also reflects its ability to successfully bid for and execute large-scale green energy projects in India. Investors responded positively to the announcement, as reflected in the 2.63% intraday rise in the share price on July 15, 2025.

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