KPI Green Energy Limited has announced a repeat order through its subsidiary Sun Drops Energia Private Limited for a 100 MW solar power project from Avichal Power Private Limited. This turnkey contract will be executed under the Captive Power Producer (CPP) model in Gujarat, marking a significant milestone in KPI’s renewable energy growth journey.
This is the second consecutive order KPI Green Energy has secured from Avichal Power, further strengthening their business relationship. The project will be executed by its wholly owned subsidiary, Sun Drops Energia. Scheduled for phased completion during FY 2026–27, the project adds to KPI’s strong EPC pipeline and reaffirms its expertise in the CPP solar segment.
The contract includes engineering, procurement, and construction (EPC) services, along with the supply of advanced module mounting structures, civil and electrical work, instrumentation, and balance-of-plant components. KPI will also provide operations and maintenance services for the complete lifecycle of the project. The site for development is located in the state of Gujarat, a key region for India’s solar energy push.
As per the terms, execution will occur in multiple tranches with the final phase expected by FY 2026–27. The award does not involve any related party transaction, and no promoter or group companies have a stake in the client company. The contract is part of KPI’s strategy to expand its captive solar project portfolio while offering efficient, end-to-end solutions to industrial clients.
KPI Green Energy is a leading player in the solar EPC and CPP segments in India, actively developing utility-scale projects through its subsidiaries. Sun Drops Energia, the executing arm for this order, focuses on providing complete captive solar infrastructure for clients looking to reduce power costs and emissions. The repeat order reinforces KPI’s position as a trusted partner for large-scale solar deployments.
On July 4, 2025, KPI Green Energy share price opened at ₹514.90 on the NSE, above the previous close of ₹513.25. During the day, it surged to ₹521.90 and dipped to ₹504.30. The stock is trading at ₹515.60 as of 1:46 PM. The stock registered a marginal change of 0.46%.
Over the past week, it has moved up by 0.18%, over the past month, it has declined by 0.78%, and over the past 3 months, it has moved up by 26.13%.
KPI Green Energy’s repeat 100 MW solar order from Avichal Power highlights the company’s growing traction in India’s captive solar market. With full-scope EPC delivery and lifecycle maintenance included, the project supports KPI’s roadmap for sustained renewable energy expansion, especially in Gujarat’s industrial power landscape.
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Published on: Jul 4, 2025, 2:31 PM IST
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