KPI Green Energy is a power generating company located in Gujarat, having decades of experience in the renewable energy sector. The company operates under both as an Independent Power Producer (IPP) and service provider to Captive Power Producer (CPP) under its renowned brand 'solarism'.
As an Independent Power Producer (IPP), it is a reliable supplier of renewable power to esteemed business houses through purchase power agreements.
Through the CPP model, it offers its customers the opportunity to own solar and hybrid power projects tailored to meet their customer's specific requirements. It helps he company to significantly reduce their electricity expenses.
Through the CPP model, it offers its customers the opportunity to own solar and hybrid power projects tailored to meet their customer's specific requirements. It helps he company to significantly reduce their electricity expenses.
The company has also ventured into a hybrid model of solar and wind energy, which helps with grid stability. The hybrid model brings together solar and wind energy which enables the commercial optimization of transmission charges and the effective utilization of grid capacity.
Company is operating at 33 sites across various cities in Gujarat including Bhavnagar, Kutch (Bhuj), Banaskantha, Surendranagar, Bharuch.
Talking about financials, Revenue of the company increased by 59% from 644Cr in FY23 to 1024. PAT increased by 47% during the same time period from 110Cr to 162Cr.
Of the total revenue of the company in FY24, 17% came from IPP business segment and 82% came from CPP segment.
Of the total revenue of the company in FY24, 17% came from IPP business segment and 82% came from CPP segment.
The capacity energized by the company till FY24 is 445+ MW, out of which 132+ MW of capacity was energized alone in FY24.
In Q4FY24, the orders received by the company in all segments was worth 682+MW, taking the total business in pipeline till FY24 at 1.23+GW in all segment.
In Q4FY24, the orders received by the company in all segments was worth 682+MW, taking the total business in pipeline till FY24 at 1.23+GW in all segment.
During the FY24, company bagged various major orders some of which includes Aditya Birla Renewables Subsidiary Limited and ABREL (RJ) Projects Limited for 396.50 MWDC, Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) for 135 MWDC. Additionally, 145.20 MW (comprising of 145.20 MW Wind and 50 MW Solar) Wind-Solar Hybrid Power Project from Ayana Renewable Power Four Private Limited under CPP Segment.
The company biggest achievement of the quarter was raising of Rs. 300 Cr through a Qualified Institutional Placement (QIP) by issuing shares to marquee investors under Qualified Institutional Buyers (QIBs). The Company has raised this QIP for its 240 MWDC GUVNL Khavda Project.
KP Group has signed two MoU with the Government of Gujarat to invest Rs. 17,690 Cr in the state. The investment is earmarked for different renewable energy projects including setting up a green hydrogen plant.
KP Group has signed two MoU with the Government of Gujarat to invest Rs. 17,690 Cr in the state. The investment is earmarked for different renewable energy projects including setting up a green hydrogen plant.
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1. Companies posting excellent results in the March’24 quarter: sovrenn.com
2. Companies doing preferential equity allotment and raising growth capital: sovrenn.com
3. Companies doing capital expenditure and increasing the fixed asset base: sovrenn.com
4. Companies doing JVs and acquisitions: sovrenn.com
5. Companies being purchased by other smart investors: sovrenn.com
6. Companies getting large orders: sovrenn.com
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