KPI Green Energy Ltd Share Price – NSE  / BSE

Power Generation & Distribution, Small Cap

KPI Green Energy has successfully commissioned an additional 24.2 MW AC / 35.01 MW DC capacity in its ongoing 250 MW AC / 350 MW DC grid-connected solar IPP project awarded by Gujarat Urja Vikas Nigam (GUVNL).

With this commissioning, the total commissioned capacity under the project has reached 48.4 MW AC /69.41 MW DC, reflecting the Company's steady progress in the execution of the project. The project forms part of the 250 MW AC (350 MW DC) grid-connected Solar Photovoltaic Power Project awarded to KPI Green Energy through a competitive bidding process.

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The agreement follows a Letter of Intent issued on 3 January 2026 for the development of self-owned Independent Power Producer (IPP) standalone BESS projects with an aggregate capacity of 445 MW / 890 MWh across multiple locations in Gujarat. The projects were awarded under GUVNL?s Phase-VII tariff-based competitive bidding, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).

Under the agreement, Sun Drops Energia will develop, own, and operate the BESS projects and make the contracted battery energy storage capacity available to GUVNL on a long-term basis.

KPI Green Energy is part of KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power projects) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ?Solarism? brand.

The company?s consolidated net profit jumped 47.73% to Rs 125.80 crore in Q3 FY26, compared with Rs 85.15 crore in Q3 FY25. Total revenue for Q3 FY26 stood at Rs 676 crore, up 45% year-on-year from Rs 466 crore in Q3 FY25.

Shares of KPI Green Energy fell 2.44% to currently trade at Rs 341.95 on the BSE.

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KPI Green Energy has successfully completed 92.4 MW wind power project for Ayana Renewable Power Four at Nakhatrana, Bhuj, Gujarat.

The project comprises 28 wind turbine generators (WTGs). Company has completed all works under its scope, including Balance of Plant (BOP), Power Substation (PSS), EHV transmission line, and erection and installation of the WTGs.

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The board of KPI Green Energy at its meeting held on 18 February 2026 has approved the allotment of 1,01,00,000 fully convertible warrants at an exercise price of Rs 470.23 (including premium of Rs 465.30) per warrant on a preferential basis to Quyosh Energia, an entity belonging to the promoter group category.

Each warrant is convertible into one fully paid-up equity share of Rs 5/- each on payment of the balance 75% of the total consideration.

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