KPI Green Energy Limited has announced its successful acquisition of a significant project in Rajasthan.
This marks a pivotal moment for the company as it expands its footprint in one of India's leading renewable energy hubs.
On May 8, 2026, KPI Green Energy Limited received Notifications of Award (NOAs) from NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy Limited for a 500 MW Solar Balance of System (BOS) Project in Bikaner, Rajasthan.
The project is divided into 2 blocks of 300 MW and 200 MW, with a total contract value of ₹621 crore, excluding GST.
The 300 MW block is valued at ₹367 crore, while the 200 MW block is worth ₹254 crore.
The project involves the supply of plant and equipment, inland transportation, insurance, installation, testing, commissioning, and civil and allied works.
Additionally, KPI Green Energy will provide comprehensive operation and maintenance services for 3 years from the Commercial Operation Date (COD), followed by a 10-year Annual Maintenance Contract (AMC).
This project represents KPI Green Energy's strategic entry into Rajasthan, a state known for its renewable energy potential.
The award supports the company's strategy to engage in large utility-scale solar projects across renewable-rich states, enhancing its position in India's growing renewable energy sector.
The project aligns with the Government of India's initiatives to expand green energy capacity and support sustainable infrastructure development.
KPI Green Energy's involvement in this project is expected to contribute significantly to its growth and value creation for stakeholders.
As of May 08, 2026, at 3:19 PM, KPI Green Energy share price on NSE was trading at ₹477.50 down by 2.20% from the previous closing price.
KPI Green Energy's acquisition of the 500 MW Solar BOS Project in Rajasthan underscores its commitment to expanding its presence in India's renewable energy landscape. With a contract valued at ₹621 crore, this project is a significant step in the company's strategic growth and alignment with national energy goals.
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Published on: May 8, 2026, 3:31 PM IST
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