KPI Green Energy Limited has informed the Exchange regarding 'receipt of NOA from NTPC Renewable Energy Limited for BOS Package for development of 500 MW Grid Connected Solar PV Projects at Bikaner, Rajasthan. The disclosure is attached herewith'.
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KPI Green Energy Limited has received Notifications of Award (NOAs) from NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy Limited, for the Balance of System (BOS) Package for developing 500 MW Grid Connected Solar PV Projects at Bikaner, Rajasthan. The contract is split into two blocks: 300 MW (₹367 crore) and 200 MW (₹254 crore), with a total aggregate value of ₹621 crore excluding GST. The scope includes supply of plant and equipment, inland transportation, installation, testing, commissioning, civil works, and 3 years of comprehensive O&M services from Commercial Operation Date (COD) plus a 10-year AMC. This marks KPI Green Energy's significant entry into Rajasthan, expanding its geographical footprint in India's renewable energy sector.
This ₹621 crore contract represents a substantial order win for KPI Green Energy, significantly expanding its order book and marking its first major project in Rajasthan. The contract should provide revenue visibility over the execution period and strengthen its positioning in India's growing renewable energy market. For shareholders, this is a positive development indicating strong execution capabilities and growing client relationships with large PSU entities like NTPC.