Shares of KPI Green Energy Ltd rallied 5% to touch a day’s high of Rs 469.35 on 13th January after the firm said it has entered into a pact with the Government of Gujarat for the development of renewable energy projects worth Rs 4,000 crore. 

The agreement was signed on 12th January, 2026, as part of the Vibrant Gujarat Regional Conference. It marks a significant step in the company’s renewable energy expansion plans in the state.

Under the agreement, KPI Green Energy will develop renewable energy capacity across multiple locations in Gujarat. The projects will be executed in phases and are subject to statutory approvals. The state government will facilitate the required permissions in accordance with applicable policies.

The pact strengthens KPI Green Energy’s focus on expanding its renewable energy portfolio and deepening its presence in Gujarat’s clean energy ecosystem. This aligns with broader sustainable development goals.

Earlier, on 12th January, 2026, KP Green Engineering secured orders worth Rs 819 crore from BSNL under the 4G Saturation Project. These are across Maharashtra, Goa, Jammu & Kashmir, Ladakh, Uttarakhand, and Himachal Pradesh.

In December 2025, KPI Green Energy also signed a $4 billion memorandum of understanding with the Government of Botswana for renewable energy projects.

The Botswana collaboration involves a capital investment of around Rs 36,000 crore. It is expected to increase the country’s renewable energy capacity to nearly 5 GW.

At 10:27 AM, shares of KPI Green Energy were trading 2.73% higher at Rs 453.50 on NSE.

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