KP Energy Limited announced that it has received a Letter of Intent from Inox Renewable Solutions Limited for the development of a 99 MW wind power project in Bhuj, Gujarat.
The company disclosed the development in an exchange filing on January 30, 2026. The order has been awarded by a domestic entity. The company has not shared the value of the contract.
The wind project will be set up in Bhuj, located in Gujarat’s Kutch district. The total capacity of the project will be 99 MW.
Bhuj has seen multiple wind installations in recent years due to suitable wind conditions. The project will add to the region’s existing renewable energy capacity.
The project will use wind turbine generators manufactured by Inox. Each turbine will have a rated capacity of 3 MW. The turbines will be of the INOX DF/3000/145 model. The hub height for the turbines is specified at 122.5 metres.
KP Energy will execute the project on a turnkey basis. Its responsibilities include engineering, procurement and construction activities.
The scope also covers erection, testing and commissioning of the balance-of-plant works. In addition, the company will be required to obtain statutory approvals and permits.
The project will be carried out as per schedules outlined in the Letter of Award. No specific completion or commissioning timeline has been disclosed in the filing.
The company stated that the order does not fall under related party transactions. It also clarified that there is no promoter or promoter group interest involved.
The order has been classified as a Letter of Award under domestic contracts. Technical specifications are aligned with requirements for a 99 MW Phase-II wind project. Further commercial details were not provided in the disclosure.
Read More: KPI Green Energy Share Price in Focus; Begins Power Supply from 200 MW Solar Project Awarded by GUVNL!
As of February 1, 2026, 10:45 am, K.P. Energy share price was trading at ₹297.65, a 2.36% increase from the previous closing price.
The Bhuj project adds to KP Energy’s list of wind power developments in Gujarat. The company has not indicated when construction is expected to begin. Additional details are likely to be shared as the project progresses.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 31, 2026, 10:18 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN