KPI Green Energy announced on February 10 that its subsidiary, Sun Drops Energia Pvt Ltd, has received contracts to develop solar power projects totaling 15.9 MW. These projects fall under the company’s Captive Power Producer (CPP) segment.
The orders come from a range of companies, including Mexo Fiber Pvt Ltd, Rayons Pvt Ltd, Maharaja Industries, Gautam Casting Industries Pvt Ltd, Gautam Technocast, Shrirajlaxmi Denim, and Kartik Dyeing. The projects are expected to be completed during the 2025-26 fiscal year, with various phases outlined in the contracts.
In its latest third-quarter financial results, KPI Green Energy reported a 67% increase in net profit, reaching ₹85 crore, up from ₹51 crore the previous year. The company’s revenue also saw a 39% rise, reaching ₹458.3 crore, compared to ₹330 crore in the previous year.
The company’s EBITDA increased by 32% year-on-year, reaching ₹137 crore, up from ₹104 crore last year. The EBITDA margin stood at 30%, slightly lower than the 31% margin recorded last year. Additionally, KPI Green Energy declared a third interim dividend of ₹0.20 per equity share (4% of face value of ₹5) for the financial year 2024-25. The dividend’s record date is set for February 18, 2025, and payments will be made within 30 days to shareholders listed in the Register of Members.
Based in India, KPI Green Energy is a fast-growing player in the renewable energy sector, with a primary focus on solar power generation. The company develops, builds, owns, and operates solar power plants, serving both industrial and commercial clients under the Independent Power Producer (IPP) model. It also sells solar power through its Captive Power Producer (CPP) model.
With a strong emphasis on sustainability, KPI Green Energy has been expanding its capacity and presence, contributing to India’s growing shift toward clean energy. The company’s projects are recognized for their efficiency and commitment to reducing carbon emissions, in line with global trends toward renewable energy adoption.
