KPI Green Energy announced the receipt of its largest-ever order for setting up of 300 MWAC (405 MWDC) Ground mounted Solar PV plant including Operation & Maintenance (O&M) services on comprehensive basis for period of 05 years from Coal India. This prestigious project not only marks a significant milestone in KPI Green Energy's growth journey but also stands as a testament to the group's unwavering commitment to sustainable energy solutions and operational excellence. This is the biggest single order achieved so far by the entire group from Central PSU. This landmark order adds another achievement to KPI Green Energy's remarkable journey, with over 507 MW of renewable power plants successfully completed as of September 30, 2024, showcasing industry-leading efficiency. The 300 MWAC project elevates the group's renewable energy portfolio to new heights, solidifying its position as a leader in clean energy initiatives in India. The 300 MWAC (405 MWDC) ground mounted Solar PV project will be executed on an EPC (Engineering, Procurement, and Construction) basis and is slated for completion as per the tender timelines at GIPCL's Solar Park, Khavda, Gujarat with O&M for 5 years for the Contract Price of Rs. 13.11 billion. The Project is in proximity to our ongoing project of 240 MWDC Independent Power Producer (IPP) project for Gujarat Urja Vikas Nigam Limited (GUVNL). KPI Green Energy is well-positioned to meet the aggressive timeline outlined in the tender document. The project aligns with the company's vision of delivering cutting-edge, clean energy solutions that help clients achieve their sustainability goals. Powered by Capital Market - Live

The company will also be responsible for the project's 5-year comprehensive operation & maintenance (O&M) The firm stated that this project aligns perfectly with its ambitious goal of achieving 10 GW of renewable energy capacity by 2030. KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants. Coal India is a coal mining company engaged in the production and sale of coal. As of 30 September 2024, the Government of India held a 63.13% stake in the company. Shares of KPI Green Energy fell 0.48% to Rs 785.10, while shares of Coal India gained 0.36% to Rs 418.05 on the BSE.Powered by Capital Market - Live

KPI Green Energy will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

KPI Green Energy announced the appointment of Dr. Alok Das as the Group Chief Executive Officer (Group CEO) with effect from 11 November 2024. Powered by Capital Market - Live

KPI Green Energy announced that the Board of Directors of the Company at its meeting held on 6 November 2024, inter alia, have recommended the Second Interim dividend of Rs 0.2 per equity Share (i.e. 4%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of KPI Green Energy rose 101.24% to Rs 69.93 crore in the quarter ended September 2024 as against Rs 34.75 crore during the previous quarter ended September 2023. Sales rose 67.24% to Rs 359.68 crore in the quarter ended September 2024 as against Rs 215.07 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales359.68215.07 67 OPM %37.1733.09 - PBDT112.2553.58 109 PBT97.6243.89 122 NP69.9334.75 101 Powered by Capital Market - Live

KPI Green Energy will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

KPI Green Energy has successfully signed Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620MWAC (917MWDC) renewable energy projects as mentioned below: (i) 250 MWAC (275MWDC) grid connected Solar Photovoltaic Power Project won through competitive bidding process vide RFS No. GUVNL / 500 MW / Solar (Phase-XXIV) dated 15 March 2024 issued by GUVNL for Procurement of Power from 500 MW grid connected Solar Photovoltaic Power projects located at anywhere in India with Greenshoe option of additional capacity upto 500MW without energy storage. (ii) 370 MWAC (642MWDC) grid-connected Hybrid RE Power Project won through competitive bidding process vide RFS No. GUVNL / 500 MW / Hybrid RE (Phase-II) dated 14 February 2024 issued by GUVNL for procurement of power through competitive bidding process (followed by reverse e-auction) from 500 MW Hybrid RE project (Phase - II) with Greenshoe option of additional capacity upto 500MW without energy storage.Powered by Capital Market - Live

KPI Green Energy has received approvals from the Chief Electrical Inspector (CEIG) (charging approval) for 5 MW of solar power project under the company's CPP business segment. This project was executed for KPIG Energia, wholly owned subsidiary of the Company. Powered by Capital Market - Live

KPI Green Energy announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live