Shares of KPI Green Energy Ltd were trading in the green and 2% higher on 17 October after the company announced securing an order worth Rs 696.5 crore from SJVN. 

KPI Green Energy announced that it secured three Letters of Award (LoAs) from state-run SJVN Ltd. for developing a 200 MW alternating current (AC) solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat. The project includes a complete engineering, procurement, and construction (EPC) package, along with a long-term operation and maintenance (O&M) contract.

According to the company’s exchange filing, the first contract, valued at Rs 486.89 crore, covers the supply of all plant and equipment at the project site. The second contract, worth Rs 178.27 crore, pertains to erection, testing, commissioning, and civil and structural works. The third contract, valued at Rs 31.34 crore, provides for comprehensive O&M services for three years from the commercial operation date.

With the addition of this 200 megawatt (MW) AC project to its ongoing 645 MWp solar cluster, KPI Green Energy’s total portfolio at Khavda will now exceed 845 MWp (DC), further strengthening its position as a leading solar developer and EPC service provider in the region.

The filing added, “The award from an esteemed Central Public Sector Enterprise like SJVN is a testament to our proven execution capabilities and reliability in delivering large-scale solar projects.”

At 12:49 pm, the shares of KPI Green Energy were trading 2.23% higher at Rs 470 on NSE.

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