KPI Green Energy Limited has informed the Exchange regarding a press release dated November 06, 2025, titled "KPI Green Energy Limited executes Power Purchase Agreement (PPA) with GUVNL for 150 MW Wind Power Project".
KPIGREEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KPI Green Energy has signed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 150 MW wind power project. GUVNL is a Gujarat state-owned power distribution entity, making this a government-backed long-term off-take arrangement. This adds to KPI Green's wind energy portfolio and provides revenue visibility for the next 20-25 years under typical PPA terms. The agreement strengthens the company's position in the renewable energy space, particularly in wind power generation in Gujarat.
Positive for shareholders — a large capacity addition with a creditworthy state counterparty (GUVNL) reduces offtake risk and boosts long-term revenue visibility. Likely to support the stock positively given the project scale relative to KPI Green's existing capacity.