KPI Green Energy Limited has informed the Exchange regarding a press release dated January 12, 2026, titled "KP Group Signs MoU with Government of Gujarat for Development of Renewable Energy Projects worth INR 4000 Cr".
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Awaiting price reaction for this filing.
KPI Green Energy's parent KP Group signed an MoU with the Government of Gujarat on January 12, 2026, to set up renewable energy projects with an aggregate capacity of about 855 MW. The pipeline includes a 200 MW solar project under the DREBP scheme, a 405 MW solar project, and two ISTS-connected wind-solar hybrid projects of 100 MW and 150 MW. The total proposed investment is around ₹4,000 crore, with the projects to be developed across Devbhumi Dwarka and Kutch (Bhuj) in Gujarat. Implementation will be phased and subject to statutory approvals, with the state government facilitating necessary clearances. The initiative is expected to generate over 4,000 jobs.
This is a significant capacity addition pipeline that could materially boost the company's future order book and revenue, though execution depends on securing approvals and tying up funding. Positive sentiment likely for the stock, but an MoU is non-binding and not yet a confirmed order.