KPI Green Energy Ltd. continues to expand its footprint in renewable energy with its subsidiary, Sun Drops Energia Private Limited, securing Letters of Award (LoA) for solar power projects totaling 15.90 MWDC. These projects fall under the Captive Power Producer (CPP) business segment, reinforcing the company’s commitment to sustainable energy solutions.
The contracts have been awarded by leading domestic entities, including Mexo Fiber Pvt. Ltd., M S Rayons Pvt. Ltd., Maharaja Industries, Gautam Casting Industries Pvt. Ltd., Gautam Technocast, Shrirajlaxmi Denim, and Kartik Dyeing. As per the agreement, Sun Drops Energia will undertake the development of these projects in phases, with completion expected in FY 2025-26.
This strategic development highlights KPI Green Energy’s growing presence in India’s renewable energy sector, promoting clean and efficient power generation.
In the meantime, KPI Green Energy delivered an impressive financial performance for the third quarter of FY25, ending December 31, 2024. The company reported a remarkable 68% year-on-year (YoY) increase in net profit, reaching Rs 85.15 crore compared to Rs 50.60 crore in the same quarter last year. The company’s revenue from operations soared 38.9% YoY to Rs 458.35 crore, up from Rs 330.11 crore in Q3 FY24, with revenue from captive power projects rising significantly to Rs 399.74 crore. Total revenue surged 40.7% YoY to Rs 466.09 crore. Additionally, the profit before tax (PBT) climbed 60.2% YoY to Rs 114.99 crore, highlighting the company’s strong financial momentum.
