KPI Green Energy Ltd

KPI Green Energy Limited was formerly incorporated as KPI Global Infrastructure Limited on February 01, 2008 in Mumbai. The Company obtained Certificate of Commencement of Business on August 22, 2008 and later, the name of the Company was changed to to KPI Green Energy Limited on April 6, 2022. The Company is a multi-dimensional solar energy player, with interests in power generation as an Independent Power Producer (IPP), turnkey solutions for Captive Power Producers (CPP), and Operations & Maintenance (O&M) services. The primary business of KPI Global is generating and selling electricity from own solar power projects as IPP under the brand 'Solarism'. The Company initially commissioned and started commercial production of solar power project of 5MW capacity and subsequently, has commissioned another 10MW capacity at Sudi & Tanchha village, Amod Tehsil, Bharuch District, Gujarat (Solarism Plant). Under IPP, the Company engaged in the generation and sale of clean electricity through its solar power plants located at village Sudi, Bharuch (Gujarat). The Company is also in providing turnkey solar EPC solutions to Captive Power Consumers, through which it develops, transfers, and operates & maintains grid connected solar power plants for the CPP customers in their captive requirements During the earlier periods, the Company was engaged in the sale of land parcels to third parties, which were leased back for foraying into solar power generation. In 2013, the company received a feasibility study from GETCO for evacuation of the solar power, proposed to be generated at their Solarism Plant, to Amod Substation. In 2014, the company commenced the construction of a ~13.25 km long 66 KV transmission line for power evacuation from their Solarism Plant to Amod Substation. In 2016, it commissioned their first solar power plant for 5 MW at Solarism Plant and in 2017, installed another solar power plant for 10 MW at Solarism Plant. Till September 30, 2018, the company sold CPP of 1.90 MW of solar power plant for CPP clients. In 2018-19, the Company commissioned 15MW of capacity under Independent Power Purchase (IPP) category and also 2.43MW capacity under Captive Power Producer (CPP) category. The Company brought Initial Public Offer of 49,92,000 Equity Shares by raising money from public aggregating to Rs 39.94 Crores in January, 2019. KPIG Energia Private Limited and Sun Drops Energia Private Limited became wholly own subsidiary of the Company on June 4, 2019 and June 10, 2019 respectively. The Company commissioned an additional 25MW of capacity, aggregating to 40.762MW under Independent Power Purchase (IPP) category in 2019. Further, it commissioned 3.12 MW capacity taking total tally to 6.20 MW in CPP business vertical in 2019-20. In 2021, the Company commissioned incremental IPP Capacity aggregating to 49.2 MW and also charged new 11kV transmission line for power evacuation capacity for CPP client. In 2022, the Company energized 100+ MW capacity under the IPP Division, further it commissioned 65+ MW capacity under CPP segment. In 2023, the Company commissioned 26.10 MW first ever Wind-Solar Hybrid Power Plant and further commissioned 300+ MW cumulative capacity for IPP & CPP vertical. The Company acquired 99.90% of the total paid-up capital of KPark Sunbeat Private Limited, by allotting 15,18,480 equity shares to the promoter of the Company, which made KPark Sunbeat Private Limited a wholly owned subsidiary of the Company in 2024. The Company installed a state-of-the-art Centralised Network Operations Center (NOC) system that serves as a centralised monitoring station for its assets, spread across multiple locations in FY24. The Company has launched Asia's first 1 MW green hydrogen plant in Matar, Bharuch in FY25. It added strong growth across IPP and CPP segments, adding over 345 MW in IPP, including 106 MW of hybrid projects, and more than 160 MW in CPP, of which 83 MW was hybrid. This doubled the operational capacity from 445 MW in FY24 to over 950 MW by March 2025. It signed a PPA with GUVNL for a 50 MW solar-wind hybrid project. Further, it signed MoUs with Rajasthan, Odisha, and Madhya Pradesh for largescale renewable projects across solar, wind, hybrid, storage, and biomass. In January 2026, the Company commissioned the 200 MWac / 240 MWdc solar IPP, among the first projects in GSECL's 1.8 GW Solar Park, South Block at Khavda. The installed capacity grew from about 0.95 GW to over 1.62 GW during the year, and the total portfolio expanded from 3.91 GW to more than 6.26 GW, with 2.35 GW added to the portfolio in FY26. It further commissioned 0.67 GW of new capacity and took its operational footprint to 131 sites.