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Sun Drops Energia, a subsidiary of KPI Green Energy, has executed the Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam (GUVNL) for development of a self-owned IPP Standalone Battery Energy Storage System (BESS) Project having an aggregate capacity of 120 MW / 240 MWh.
This BESPA has been executed subsequent to the earlier executed 445 MW / 890 MWh BESPA with GUVNL, thereby taking the Group's cumulative executed standalone BESS portfolio to 565 MW / 1,130 MWh.
The BESPA has been executed pursuant to the tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).
Under the terms of the BESPA, Sun Drops Energia will develop, own and operate the Standalone BESS Project at locations in the vicinity of 220kV Gariyadhar AIS Substation (65 MW / 130 MWh) and 220kV Otha AIS Substation (55 MW / 110 MWh) in the State of Gujarat and make the contracted battery energy storage capacity available to GUVNL on long term basis.
The execution of the present BESPA marks another significant milestone for the Group and further strengthens its presence in the utility-scale Battery Energy Storage System (BESS) segment, while continuing to expand its footprint across emerging renewable energy infrastructure opportunities.
For the full year,net profit rose 48.99% to Rs 476.13 crore in the year ended March 2026 as against Rs 319.58 crore during the previous year ended March 2025. Sales rose 55.34% to Rs 2695.91 crore in the year ended March 2026 as against Rs 1735.45 crore during the previous year ended March 2025.
Profit before tax (PBT) rose 54.27% to Rs 214 crore in Q4 FY26 as against Rs 139 crore in Q4 FY25, primarily led by higher project execution, improved revenue mix and operational efficiencies.
EBITDA stood at Rs 305 crore in Q4 FY26, up 80% from Rs 169 crore in Q4 FY 2025, supported by improved scale of operations, better operating leverage and disciplined cost management. EBITDA margin increased to 38% in Q4 FY26 as against 29% in Q4 FY25.
The company has recommended a final dividend of Re 0.25 per equity share and a special dividend of Rs 0.15 per equity share, taking the total dividend to Rs 0.40 per equity share (face value Rs 5) for FY25-26.
KPI Green Energy is part of KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand.
KP Group has become the first company in India to install 4.2 MW wind turbine generator (4.2M160) manufactured by Senvion India, marking a key milestone in the adoption of next generation wind technology under the ‘Make in India' initiative.
The turbine, part of Senvion's new generation 4XM platform, has been installed by KP Group in South Gujarat and is specifically engineered for Indian wind conditions and site requirements. With a rated capacity of 4.2 MW, a 160-metre rotor diameter, and a 140-metre hub height, the 4.2M160 is designed to maximise energy capture in low-to-medium wind regimes. Its larger swept area, advanced control systems, and site-optimised design enable higher generation output, improved efficiency, and enhanced long-term value.
The 4XM platform features a modular architecture enabling efficient transportation, faster installation, and streamlined commissioning, while also improving serviceability and operational reliability. Engineered and manufactured in India with over 85% localisation, and included in the ALMM in December 2025, the platform represents the next phase of India's wind energy evolution towards larger and more efficient turbines.
The company had earlier received an intra-state power trading licence from the Gujarat Electricity Regulatory Commission (GERC), and with the addition of the inter-state licence from CERC, the company said that it is now well-positioned to operate across India, establishing a comprehensive pan-India power trading platform.
With the new licence in place, the company will be able to access demand centres across multiple states, expanding beyond region-specific power offtake arrangements. It will also be able to dynamically allocate power based on market conditions, improving realisations through better timing and location of sales.
Further, the company can engage with a wider customer base, including industrial and utility buyers across geographies, and participate in exchange-led and short-term markets, complementing its existing long-term contracting strategy.
Dr. Faruk G. Patel, chairman & managing director, said: “The inter-state trading licence strengthens our ability to operate seamlessly across markets and respond to evolving demand patterns. It enhances our flexibility in power sales, supports better price discovery, and positions KPI Green Energy to unlock greater value from its growing renewable energy portfolio.”
KPI Green Energy is part of KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power projects) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand.
The company’s consolidated net profit jumped 47.73% to Rs 125.80 crore in Q3 FY26, compared with Rs 85.15 crore in Q3 FY25. Total revenue for Q3 FY26 stood at Rs 676 crore, up 45% year-on-year from Rs 466 crore in Q3 FY25.
KPI Green Energy Ltd fell 2.82% today to trade at Rs 379.65. The BSE Utilities index is down 0.69% to quote at 5313.81. The index is up 0.29 % over last one month. Among the other constituents of the index, Nava Ltd decreased 1.91% and NTPC Ltd lost 1.65% on the day. The BSE Utilities index went up 4.01 % over last one year compared to the 0.82% surge in benchmark SENSEX.
KPI Green Energy Ltd has added 8.32% over last one month compared to 0.29% gain in BSE Utilities index and 6.57% drop in the SENSEX. On the BSE, 150 shares were traded in the counter so far compared with average daily volumes of 1.59 lakh shares in the past one month. The stock hit a record high of Rs 562.6 on 16 Jul 2025. The stock hit a 52-week low of Rs 335.55 on 09 May 2025.