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KPI Green Energy secures a sanction of Rs 3,200 crore from State Bank of India (PF&SBU), comprising both fund-based and non-fund based facilities, to part-finance the development of its 250 MW Solar Project and 370 MW Hybrid Project in Gujarat, together aggregating over 1 GWp of the Company's Independent Power Producer (IPP) portfolio.
The sanctioned facilities will support two strategically significant renewable projects:
Both projects are secured by 25-year long-term Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) and are being developed in the Bharuch and Surendranagar districts of Gujarat.
Adani Power Ltd rose 4.04% today to trade at Rs 150.65. The BSE Utilities index is up 0.38% to quote at 5489.59. The index is up 6.5 % over last one month. Among the other constituents of the index, Inox Green Energy Services Ltd increased 4.03% and KPI Green Energy Ltd added 3.01% on the day. The BSE Utilities index went down 19.83 % over last one year compared to the 4.15% fall in benchmark SENSEX.
Adani Power Ltd has added 27.28% over last one month compared to 6.5% gain in BSE Utilities index and 1.05% rise in the SENSEX. On the BSE, 20.62 lakh shares were traded in the counter so far compared with average daily volumes of 30.72 lakh shares in the past one month. The stock hit a record high of Rs 182.75 on 23 Sep 2025. The stock hit a 52-week low of Rs 86.17 on 21 Nov 2024.
The five-year bond, carrying an annual coupon rate of 8.50% with a quarterly amortisation profile, is supported by a 65% partial guarantee from GuarantCo , part of the Private Infrastructure Development Group, which is funded by the governments of the United Kingdom, Switzerland, Australia, Sweden, Netherlands, Canada and France. GuarantCo is rated AA− by Fitch and A1 by Moody's. This external credit enhancement has enabled AA+(CE) rating from both CRISIL and ICRA, broadening the investor base to include long-term domestic institutions such as infrastructure funds, mutual funds, and insurance companies.
Bond proceeds will be used to expand KPI Green Energy's solar, wind, and hybrid project portfolio, across India. These new projects are expected to bring clean electricity to approximately 210,000 people and businesses each year, while avoiding more than 344,000 tonnes of carbon emissions annually. This step not only accelerates India's clean energy transition but also mobilizes Rs 670 crore of domestic institutional investment beyond conventional banking sources.
KPI Green Energy has already developed 1 GW of renewable capacity and continues to advance towards its target of 10 GW by 2030. The company's sustained pipeline, exceeding 3 GW, places it among the country's frontrunners in renewable energy expansion.