KP Green Engineering Limited has informed the exchange regarding Press Release titled KP Group Signs MoU with Government of Gujarat for Development of Renewable Energy Projects worth INR ....
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KP Group (parent of KP Green Engineering) has signed an MoU with the Government of Gujarat on January 12, 2026, during the Vibrant Gujarat Regional Conference in Rajkot. The group plans to develop renewable energy projects with a total capacity of approximately 855 MW across Gujarat, including 200 MW solar under the DREBP scheme, 405 MW solar, and 250 MW of ISTS-connected wind-solar hybrid projects in Devbhumi Dwarka and Kutch. The total proposed investment is around ₹4,000 crore, expected to generate over 4,000 jobs. Projects will be implemented in phases, subject to statutory approvals, with the Gujarat government facilitating necessary permissions and clearances.
This is a positive development for shareholders, signalling a major expansion pipeline of ₹4,000 crore in the renewable energy segment for the KP Group, which could translate into significant future order flow and revenue visibility for KP Green Engineering. The stock may see positive sentiment, though actual revenue impact remains contingent on regulatory approvals and project execution timelines.