KPI Green Energy Signs ₹1,311.40 Crore Contract with Coal India for 300 MW Solar PV Plant

Mumbai, January 30, 2025 – KPI Green Energy Limited has signed a contract agreement with Coal India Limited to develop a 300 MWAC grid-connected ground-mounted solar PV plant at GIPCL’s Solar Park in Khavda, Gujarat.

Project Details & Financials​

• Project Capacity: 300 MWAC
• Location: GIPCL’s Solar Park, Khavda, Gujarat
• Contract Value: ₹1,311.40 Crore
• Completion Timeline: November 2025
• Operation & Maintenance (O&M): 5 years

The project marks a significant step in KPI Green Energy’s commitment to expanding its renewable energy portfolio. The company is targeting a total installed capacity of 10 GW by 2030.

Strategic Significance​

This partnership with Coal India aligns with India's national push towards sustainable energy and decarbonization. KPI Green Energy is leveraging its expertise to contribute to the country’s renewable energy transition.

Management Commentary​

Speaking on the occasion, Moh. Sohil Yusuf Dabhoya, Whole Time Director of KPI Green Energy, stated:

"It’s a privilege for our company to contribute to the nation’s transition to sustainable renewable energy, reinforcing and accelerating our efforts to meet our ambitious target of 10 GW capacity by 2030."

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Market Impact & Outlook​

The deal further strengthens KPI Green Energy’s market positioning in the renewable energy sector and is expected to contribute positively to the company’s revenue and earnings in the coming quarters. The project also underscores Coal India’s commitment to diversifying into renewable energy.

Investor Takeaway: With an ambitious 10 GW target and a growing portfolio of large-scale projects, KPI Green Energy continues to be a key player in India’s solar energy expansion strategy.