KPI Green Energy Limited has informed the Exchange regarding a press release dated November 14, 2025, titled "KPI Green Energy Limited Signs Rs. 696 Cr EPC and O&M Contract with SJVN for 200 MW (AC) Solar Power Project at Khavda, Gujarat".
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KPI Green Energy has secured a significant contract worth Rs. 696 crore from SJVN for setting up a 200 MW (AC) solar power project at Khavda, Gujarat. The deal covers both Engineering, Procurement and Construction (EPC) work as well as long-term Operations and Maintenance (O&M) services. Khavda is one of India's largest renewable energy hubs, making this a strategically important project location. This order adds meaningful revenue visibility to KPI Green Energy's existing solar EPC order book. The contract with a major central PSU like SJVN also reinforces the company's credibility in winning large-scale solar tenders.
This sizeable order win is positive for KPI Green Energy as it strengthens the company's order book and provides multi-year revenue visibility through the O&M component. Large contract wins from reputed clients typically support positive sentiment around the stock.