KP Green Engineering Limited has informed the exchange about receipt of Letter of Award from MAHAPREIT for developing 5 MW of rooftop solar PV projects on government buildings across the ....
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KP Green Engineering Ltd has received a Letter of Award from MAHAPREIT (a Government of Maharashtra undertaking) dated July 22, 2025, for setting up 5 MW (AC) rooftop solar PV projects on various government buildings in Goa. The company secured this as the L1 bidder (A1 category) and will execute the work on a turnkey EPC basis, covering design, supply, installation, commissioning, and 5 years of maintenance. The overall tender from MAHAPREIT covers 30 MW of distributed grid-connected rooftop solar, of which KPGEL's share is 5 MW. The order is from a domestic government entity with no related party interest. Financial value of the order was not disclosed in the filing.
This is a positive development for shareholders as it strengthens the company's order book in the government rooftop solar segment and reinforces its position in India's renewable energy space. The 5-year O&M component also adds recurring revenue visibility, though the absence of a disclosed order value limits assessment of its size relative to revenue.