KPI Green Energy Limited has informed the Exchange that 'the Company has terminated the order from M/s Sai Bandhan Infinium Pvt. Ltd. for the 66.20 MW Hybrid Power Project under the CPP segment due to change in project technical requirement post receipt of order. Disclosure is attached herewith.'.
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KPI Green Energy has cancelled an order from Sai Bandhan Infinium Pvt. Ltd. for a 66.20 MW Hybrid Power Project under the Captive Power Project (CPP) segment. The company stated the termination is due to a change in project technical requirements after receiving the order. This means the company will not execute this particular contract going forward. The size of the project (66.20 MW) suggests it was a meaningful engagement. No financial impact figure or revised order book guidance has been disclosed in this announcement.
The cancellation removes a potential revenue-generating project from KPI Green's order book, which may weigh slightly on near-term revenue visibility. However, the reason cited (technical requirement change) suggests it was a strategic decision rather than a client-side issue, and the company's overall hybrid power project pipeline remains intact.