KPI Green Energy Limited announced that it has received three Letters of Award (LOAs) from SJVN Limited, a Government of India enterprise, for a 200 MW (AC) solar EPC and O&M project at the GIPCL Renewable Energy Park in Khavda, Gujarat .
The total order value stands at Rs 696.50 crore (excluding GST) and includes:
- Rs 486.89 crore for supply of all plant and equipment at site,
- Rs 178.27 crore for erection, testing, commissioning, and civil works, and
- Rs 31.34 crore for a comprehensive three-year operation and maintenance (O&M) contract following commercial operation.
This project strengthens KPI Green’s foothold in Khavda, where the company is already executing a 645 MWp solar cluster. With this addition, the KP Group’s total portfolio at Khavda now exceeds 845 MWp, consolidating its position as a leading renewable EPC and developer in one of India’s largest green energy zones .
The company noted that the award from a major PSU like SJVN reinforces its execution capabilities and integrated business model, covering the complete lifecycle from equipment supply to long-term O&M, ensuring recurring revenue visibility.
SJVN Limited, a Mini-Ratna Category-I PSU jointly owned by the Government of India and the Government of Himachal Pradesh, is a key player in the country’s renewable power expansion drive.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
