KPI Green Energy Share Price in Focus; Secures ₹128.49 Crore Order for Green Hydrogen Project from NTPC KPI-Green-gets-notification.jpg

KPI Green Energy Limited has announced the receipt of three Notification(s) of Award from NTPC Limited for a pioneering green hydrogen and waste-to-energy project. This marks a significant milestone for the company as it ventures into the green hydrogen sector. 

KPI Green Energy's New Venture into Green Hydrogen 

The project involves the establishment of a 1 TPD green hydrogen generation plant using plasma gasification technology at NETRA, NTPC Greater Noida.  

Plasma gasification is an advanced process that converts municipal solid waste, refuse-derived fuel, and agricultural waste into synthesis gas, which is then processed to produce green hydrogen. This initiative aims to reduce landfill dependency and environmental impact. 

The scope of work for KPI Green Energy includes the design, engineering, manufacturing, and supply of plant and equipment, along with transportation, erection, installation, testing, pre-commissioning, and commissioning. The project also covers safety-related aspects, civil works, and structural steel works, with operation and maintenance for 2 years. 

Contract Details and Financials 

The aggregate value of the contract awarded to KPI Green Energy is ₹128.49 crore, excluding GST. The awards are in line with the tender terms and are subject to the execution of formal contract agreements and customary contractual obligations. 

Read More: NTPC Plans 244 GW Capacity Expansion by 2037 with ₹7 Lakh Crore Investment! 

Significance of the Project 

This project is a strategic extension of KPI Green Energy's renewable energy portfolio, which already includes solar, wind, and hybrid power projects. 

By entering the green hydrogen segment, the company is expanding into emerging clean energy technologies, leveraging its integrated engineering, manufacturing, and execution capabilities. 

KPI Green Energy Share Price Performance 

As of December 24, 2025, at 2:21 PM, KPI Green Energy share price on NSE was trading at ₹428 up by 1.71% from the previous closing price. 

Conclusion 

KPI Green Energy's receipt of the award from NTPC for the green hydrogen project underscores its commitment to diversifying its renewable energy offerings. The project represents a significant step in the company's expansion into innovative clean energy solutions. 

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