KP Group has reached a significant milestone by surpassing 1 GW of energised Independent Power Producer (IPP) capacity from its total 2.3 GW IPP portfolio. This achievement marks a key step in the company’s long-term growth strategy centred around IPP development.
Since the fiscal year 2021, when the Group had an energised capacity of 58 MW, it has achieved approximately 18 times growth over five years. This rapid scale-up reflects the Group’s strategic focus on building a high-quality, owned IPP portfolio with strong execution discipline. The momentum in FY26 has been particularly robust, with substantial capacity additions and multiple projects commissioned ahead of schedule.
KP Group remains committed to expanding its power generation portfolio as a core value driver and is progressing ahead of schedule towards its vision of achieving 10 GW total capacity by 2030 across both IPP and Captive Power Producer (CPP) portfolios. The current growth trajectory, supported by a robust pipeline and disciplined project delivery, positions the Group well to meet and potentially exceed this target.
In addition, KP Group has achieved financial closure across its active IPP pipeline, backed by leading institutional lenders. This underscores strong investor confidence and highlights the resilience and bankability of its IPP-focused business model.
Dr. Faruk Patel, Founding Promoter of KP Group, commented on the milestone: “Crossing the 1 GW energised capacity milestone is a defining moment in KP Group’s journey. Our consistent focus on building a scalable and high-quality IPP platform, backed by disciplined execution, has enabled us to grow at a strong pace. As we move forward, we remain committed to accelerating our growth and are well on track to achieve our vision of 10 GW by 2030 across IPP and CPP portfolios, while continuing to create long-term value for all our stakeholders.”
Established in 1994 by Dr. Faruk G. Patel, KP Group has grown into a multi-faceted conglomerate with core expertise in renewable energy, infrastructure, and innovation. Over the past three decades, the group has championed sustainability by spearheading transformative projects in wind, solar, hybrid energy, Battery Energy Storage System (BESS), and green hydrogen, thereby contributing to India’s green energy mission. With a strong portfolio of renewable energy projects, KP Group has earned a reputation as a trusted partner for companies committed to reducing their carbon footprint.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).