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 ....
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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 Balance of System (BOS) work on 500 MW Grid Connected Solar PV Projects located at Bikaner, Rajasthan. The award is split into two blocks — 300 MW and 200 MW — with a combined contract value of ₹621 crore (excluding GST), comprising ₹367 crore and ₹254 crore respectively. The scope covers supply of plant and equipment, inland transportation, insurance, installation, testing, commissioning, civil and allied works, along with 3-year O&M services from COD plus a 10-year AMC. This marks the company's entry into Rajasthan, expanding its geographic presence in India's leading renewable energy hub and aligning with the government's green energy capacity expansion goals.
This large contract from a government-backed entity like NTPC provides strong revenue visibility and strengthens KPI Green Energy's order book, positioning the company for meaningful growth over the next several years.