Shares of KPI Green Energy Ltd rose over 3% on Wednesday, July 16, trading at ₹558.10 on NSE at 10:02 AM — up ₹18.05 from the previous close of ₹540.05 — after the company announced it has secured a major wind power project order from Gujarat Urja Vikas Nigam Limited (GUVNL).
The stock touched a day’s high of ₹563.00 and a low of ₹537.00 during the session, with a market capitalization of about ₹109.92 billion and a P/E ratio of 34.56. Average daily trading volume stood at about 1.07 million shares.
Order details
On July 15, KPI Green Energy disclosed it has received a Letter of Intent (LOI) from GUVNL for the development of a 150 MW grid-connected wind power project. This follows the company’s successful bid in GUVNL’s competitive tender (Phase IX) issued in January 2025, which included a reverse auction held in April 2025.
The project aligns with KPI’s strategic vision of achieving 10 GW capacity by 2030, showcasing the company’s growing capabilities in renewable energy and its strong positioning in India’s clean energy transition.
According to the company’s filing, the project will proceed as per the timeline and terms outlined in the GUVNL tender. The Power Purchase Agreement (PPA) will be signed upon obtaining approval from the Gujarat Electricity Regulatory Commission (GERC).
About the company
KPI Green Energy specializes in developing, owning, and operating renewable energy assets, with a focus on both solar and wind projects across India.
Investor sentiment turned positive after the announcement of the large-scale project win, reflecting confidence in the company’s growth trajectory.
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