₹2,025 Crore Solar Deal
KPI Green Energy secures a massive ₹2,025 crore solar project contract in Rajasthan.
Anonymous
KPI Green Energy has secured a turnkey engineering, procurement and construction contract worth about ₹2,025 crore, including taxes, from NACOF Oorja for a 500 MW/550 MWp solar project in Bikaner, Rajasthan. The project is part of NACOF Oorja’s planned 5,000 MW solar park. KPI Green Energy will handle the plant’s design, equipment, installation and commissioning, along with associated civil, electrical, transmission and monitoring infrastructure. Work is due to be completed within 12 months of the project site being handed over. The company said the contract adds to its EPC order book and follows a separate 500 MW solar balance-of-system award from NTPC Renewable Energy in Bikaner earlier this year.
Key Points
1
The project site is specifically in Village Dantoor, Tehsil Khajuwala, in Bikaner district, Rajasthan.
2
The contract was identified in the company’s filing as an award from a domestic entity and as a turnkey EPC contract.
3
One report put the contract’s value at approximately 285% of KPI Green Energy’s average quarterly revenue of ₹709.95 crore, underscoring its scale relative to the company’s recent revenue.
4
The same report cited KPI Green Energy’s Q1FY27 revenue of ₹709.80 crore and net profit of ₹94.60 crore, with its operating profit margin around 35%.
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