GP Eco Solutions has secured a ₹58.31 Crore contract from KPI Green Energy for the supply of solar trackers for a 200MW project located at Khavda. This latest development adds to the company's growing order book, complementing the ₹72.06 Crore in renewable energy orders recently won by its wholly owned subsidiary, Invergy India Private Limited. The company's current market capitalisation stands at ₹497 Crore.

KPI Green Energy Solar Tracker Contract

The newly awarded contract involves the supply of solar trackers for a 200MW capacity solar project situated at Khavda. The order has been placed by KPI Green Energy and is valued at ₹58.31 Crore. This contract reinforces GP Eco Solutions' presence in the utility-scale solar segment and marks a significant addition to its renewable energy order pipeline.

Subsidiary Order Wins

Invergy India Private Limited, a wholly owned subsidiary of GP Eco Solutions, has also secured new orders worth a consolidated ₹72.06 Crore to strengthen its renewable energy portfolio. The subsidiary received Letters of Award (LOAs) and a Memorandum of Understanding (MOU) on July 14, 2026, from two domestic entities for the supply of solar inverters and battery energy storage systems (BESS).

The first set of orders, governed by LOAs, mandates the supply of INVERGY Model INV 350 TP inverters, TBEA central inverters, and Invergy BESS. This contract is valued at ₹33.92 Crore and must be executed by December 31, 2026. The second order, formalized through an MOU, involves the supply of INV 350 TP grid-tied transformerless string inverters for ₹38.14 Crore, with a completion deadline of March 31, 2027.

Subsidiary Order Details

The disclosures were made to the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company confirmed that the orders do not involve any related party transactions and are conducted at arm's length. The breakdown of the subsidiary's order components is as follows:

GP Eco Solutions India Limited updated the shareholding details of preferential allottee Manoj Kumar following its Extraordinary General Meeting (EGM) held on June 20, 2026. The meeting, conducted via video conferencing, had previously secured shareholder approval for the preferential issuance of equity shares and warrants to the public and promoter categories. This update provides specific shareholding data for one of the key allottees involved in the recent capital restructuring.

The resolutions authorized the issuance of up to 5,53,000 equity shares to the "public" category and up to 28,47,000 fully convertible warrants to the "promoter" and "public" categories on a preferential basis. Shareholders also approved a material related party transaction under Section 188 of the Companies Act, 2013, and sanctioned an increase in the limits for the company to sell assets under Section 180(1)(a) of the Companies Act, 2013.

Voting Results

The remote e-voting process was conducted from June 17, 2026, to June 19, 2026, while e-voting during the EGM saw no participation. The scrutinizer's report, submitted by Mr. Naveen Shree Pandey of NSP & Associates, confirmed the following results:

Governance Approvals

The meeting approved the borrowing powers of the company under Section 180(1)(c) of the Companies Act, 2013, for the financial year 2026-2027. Additionally, shareholders authorized the grant of loans, providing guarantees, or security under Section 185 of the Companies Act, 2013. The proceedings were overseen by Mr. Naveen Shree Pandey, and the report will be available on the company's website and the National Stock Exchange of India Limited.