KPI Green Energy has achieved a significant milestone by energizing over 1 GW from its expanded Independent Power Producer (IPP) portfolio, which has now grown to 2.3 GW from the previously reported 2.17 GW. The company recently energized an additional 376 MWp capacity, comprising approximately 182 MWp solar capacity in the GUVNL 250/350 MWp project and 164 MWp solar capacity and 30 MWp wind capacity in the GUVNL 370 MW/677 MWp project. With this expansion, the company has set an ambitious target of reaching 10 GW capacity by 2030, demonstrating strong operational capabilities across multiple renewable projects including solar and wind assets under long-term Power Purchase Agreements (PPAs).
The company's total Independent Power Producer (IPP) portfolio has expanded to 2.3 GW, with the balance capacity under execution and expected to be commissioned in a phased manner. The firm successfully commissioned and started injecting power from its 200 MW (240 MWp) solar IPP project at Khavda Solar Park (South Block) in January 2026, making it among the earliest projects operational within the 1.8 GW solar park developed by GSECL. Additionally, KPI Green Energy has signed a PPA for 150 MW wind project with GUVNL, which has achieved financial closure with commissioning expected by October 2027, contributing to India's broader renewable energy objectives and KP Group's ambitious expansion plans.
According to Upstox reports, the company's strong project development capabilities and delivery capabilities enhance long-term revenue visibility through a growing base of contracted renewable energy assets under long-term Power Purchase Agreements (PPAs). In the third quarter of FY26, KPI Green Energy posted a 47.74% year-on-year surge in consolidated net profit to ₹125.8 crore, compared to ₹85.15 crore in the corresponding period of the previous fiscal year. The firm witnessed a 46.21% annual increase in revenue from operations to ₹662.86 crore during Q3FY26, driven by accelerated project execution and healthy performance across key business segments. With over 1 GW now energized and operational, the company has established a robust foundation for consistent revenue generation through long-term contracted projects under PPAs, many spanning 25 years.
As reported by Upstox, over the past five trading sessions, shares of the company have lost 2%, while they have fallen 3% in a month. In the last six months, the stock has tumbled 19% but has declined 15% on a year-on-year basis. Shares of KPI Green hit a 52-week high of ₹563 on July 16, 2025, and a 52-week low of ₹335.65 on March 9, 2026. The company's market capitalisation stood at ₹7,383.52 crore. Through its subsidiary Sun Drops Energia Limited, the company has also entered utility-scale energy storage with a 445 MW/890 MWh Battery Energy Storage System agreement with GUVNL.
