Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
KPI Green Energy Limited ( (IN:KPIGREEN) ) has issued an announcement.
KPI Green Energy’s subsidiary Sun Drops Energia has secured a Letter of Intent from state utility Gujarat Urja Vikas Nigam Limited to develop self-owned, standalone Battery Energy Storage System projects totaling 445 MW/890 MWh at multiple locations in Gujarat. Awarded under a tariff-based competitive bidding process backed by viability gap funding through the Power System Development Fund, this marks the group’s first utility-scale independent power producer BESS project and its first such award from a major government body, signaling a strategic expansion into grid-connected storage infrastructure. The move adds a new asset class to the company’s clean energy portfolio and underscores its growing capability to execute large, policy-driven projects that are increasingly critical for grid stability, peak demand management and the integration of renewable energy into the power system.
More about KPI Green Energy Limited
KPI Green Energy Limited, through its subsidiary Sun Drops Energia Private Limited, operates in the renewable energy sector with an established portfolio spanning solar, wind and hybrid power projects. The group focuses on utility-scale clean energy infrastructure and is increasingly positioning itself in emerging segments that support grid reliability and integration of renewables in India, particularly in Gujarat.
Average Trading Volume: 239,866
Technical Sentiment Signal: Buy
Current Market Cap: 95.51B INR
See more data about KPIGREEN stock on TipRanks’ Stock Analysis page.