Shares of KPI Green Energy Ltd surged 8% on 31 December after Quyosh Energia purchased a stake in the company through a bulk deal. 

Quyosh Energia purchased 11,28,596 shares at Rs 454.61 per share in a bulk sale on Tuesday, as reported by the National Stock Exchange (NSE).

According to the BSE shareholding structure, promoters held a 48.67% stake in the company as of 30 September 2025. 

In November, KPI Green Energy signed a deal with state-owned SJVN for a 200 MW (AC) solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat, valued at Rs 696.50 crore.
 
This development marks a significant step forward in KPI Green’s growing portfolio of utility-scale renewable energy projects, according to a company release.
 
According to the release, KPI Green Energy Ltd has inked contract agreements with SJVN Ltd, a Government of India firm, to execute a 200 MW (AC) solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat.

The deal, worth Rs 696.50 crore (excluding GST), strengthens KPI Green’s reputation as a reliable EPC partner for large-scale renewable projects, the company added.

According to the signed agreements, KPI Green will deliver all plant and equipment needed for the 200 MW (AC) solar project, in compliance with authorised specifications and quality assurance procedures.
 
It is also in charge of erection, installation, and construction activities, which include all civil, architectural, and structural work on the project site.
 
It will also handle the unloading, handling, storage, and insurance coverage of the plant and equipment provided under the contracts.

The company will also conduct testing, commissioning, and performance demonstrations, as well as operational acceptance, in accordance with the contract.

At 3:30 pm, the shares of KPI Green Energy closed 5.40% higher at Rs 499.80 on NSE.

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