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KPI Green Energy Limited ( (IN:KPIGREEN) ) just unveiled an update.
KPI Green Energy Limited has launched India’s first externally credit-enhanced green bond, valued at ₹670 crore, on the National Stock Exchange of India. This bond, which carries an annual coupon rate of 8.50% and is partially guaranteed by GuarantCo, has received an AA+(CE) rating from CRISIL and ICRA, attracting long-term domestic investors. The proceeds will be used to expand the company’s renewable energy projects, providing clean electricity to approximately 210,000 people annually and reducing carbon emissions by over 344,000 tonnes each year. This initiative not only advances India’s clean energy transition but also sets a precedent for sustainable finance in the country, aligning with the United Nations’ Sustainable Development Goals.
More about KPI Green Energy Limited
KPI Green Energy Limited is a leading renewable energy developer and operator based in Gujarat, India. The company focuses on expanding its solar, wind, and hybrid project portfolio, contributing significantly to India’s green energy mission. Established by Dr. Faruk G. Patel, KPI Green Energy is part of the KP Group, which has a strong presence in renewable energy, infrastructure, and innovation.
Average Trading Volume: 83,198
Technical Sentiment Signal: Hold
Current Market Cap: 94.78B INR
For an in-depth examination of KPIGREEN stock, go to TipRanks’ Overview page.