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KPI Green Energy Limited ( (IN:KPIGREEN) ) just unveiled an announcement.
KPI Green Energy’s subsidiary Sun Drops Energia Limited has signed a Battery Energy Storage Purchase Agreement with Gujarat Urja Vikas Nigam Limited to develop, own and operate 445 MW / 890 MWh of standalone battery energy storage projects at multiple locations across Gujarat. The long-term arrangement, awarded via a tariff-based competitive bidding process under GUVNL’s Phase-VII procurement with viability gap funding support, marks the group’s first utility-scale IPP battery storage project and significantly strengthens its position in India’s evolving renewable energy and grid-balancing ecosystem.
More about KPI Green Energy Limited
KPI Green Energy Limited operates in the renewable energy sector and, through its subsidiary Sun Drops Energia Limited, focuses on developing, owning and operating power projects. The group is expanding into utility-scale battery energy storage systems, aligning its portfolio with emerging clean energy and grid-stability solutions in India, particularly in Gujarat.
Average Trading Volume: 231,280
Technical Sentiment Signal: Sell
Current Market Cap: 69.37B INR
See more data about KPIGREEN stock on TipRanks’ Stock Analysis page.