KP Energy , a leading player in the renewable energy sector, has announced a significant international collaboration to advance the global green hydrogen ecosystem. The company, through its subsidiary KPI Green Hydrogen & Ammonia, has signed a Memorandum of Understanding (MOU) with Jeonbuk Special Self-Governing Province of South Korea, along with energy leaders GH2 Solar Limited and AHES Co., Ltd.

Key Focus Areas of the Collaboration

The partnership aims to strengthen international cooperation in clean energy, with a specific focus on the emerging global green hydrogen sector. The agreement establishes a framework for advancing several critical areas:

1. Technology exchange in water electrolysis and hydrogen facilities
2. Joint development of large-scale green hydrogen projects
3. Expansion of the green hydrogen market across India and international geographies

Strategic Significance

This collaboration marks a pivotal step in KP Energy's journey towards sustainable energy solutions. With a secured renewable portfolio of over 6 GW, including solar, wind, and hybrid assets, the company is well-positioned to scale up green hydrogen and ammonia production in India and beyond.

Dr. Faruk G. Patel, Chairman & Managing Director of KP Group, commented on the partnership: "This agreement is a synergy of vision and execution. By combining the advanced technological expertise of our Korean partners with India's vast market opportunities and KP Group's proven strength in renewable execution, we are accelerating the global shift towards a sustainable hydrogen economy. This aligns perfectly with our 'Vision Forward' strategy and India's clean energy transition goals."

Benefits for Both Parties

For KP Energy, the collaboration is expected to:

• Enhance competitiveness in global green hydrogen markets
• Generate employment opportunities across India and Korea
• Strengthen the company's leadership in renewable energy and green fuels

From the South Korean perspective, His Excellency Kim Kwan-young, Governor of Jeonbuk Province, remarked: "This agreement is a cooperation model that combines the technology of Jeonbuk hydrogen companies with India's capital and market, and it will be an important opportunity for Korean companies to leap into the global market."

For Jeonbuk Province, the agreement is anticipated to:

• Boost local hydrogen companies in overseas markets
• Support youth employment and research
• Revitalize the regional economy through hydrogen ecosystem expansion

Commitment to Sustainable Future

KPI Green Energy, KP Energy, and KP Green Engineering, as part of the KP Group, have reaffirmed their commitment to shaping a sustainable future. The companies aim to deliver innovative renewable energy and infrastructure solutions for the development of green hydrogen and ammonia projects.

This strategic international partnership underscores KP Energy's dedication to contributing meaningfully to India's energy transition while setting new benchmarks in the renewable energy sector. As the global focus shifts towards cleaner energy sources, this collaboration positions KP Energy at the forefront of the green hydrogen revolution, potentially opening new avenues for growth and sustainability in the energy sector.

KP Energy Limited, a leading player in the renewable energy sector, has reported a robust financial performance for the first quarter. The company's consolidated net profit surged by 40% to Rs 254.00 crore, up from Rs 182.00 crore in the corresponding quarter of the previous year.

Strong Revenue Growth

The company's consolidated revenue from operations witnessed a significant year-on-year growth of 73%, reaching Rs 2,195.00 crore in Q1. This marks the highest-ever Q1 revenue from operations in the company's history, underscoring its strong operational performance and sustained business momentum.

Improved Profitability

KP Energy's consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q1 stood at Rs 485.00 crore, reflecting a substantial increase of 63% from Rs 224.00 crore in the same quarter of the previous year. The EBITDA margin improved to 22.1% compared to 17.6% in the corresponding quarter, indicating enhanced operational efficiency.

Segment-wise Performance

The company's revenue from infrastructure development, which forms the major chunk of its business, stood at Rs 2,082.00 crore for the quarter. The power sale segment contributed Rs 101.00 crore to the total revenue, while the operation and maintenance services segment added Rs 12.00 crore.

Financial Position

As of June 30, KP Energy's consolidated total assets stood at Rs 11,687.00 crore, with a healthy mix of infrastructure development and power sale assets. The company's net segment assets, after accounting for liabilities, were reported at Rs 3,375.00 crore.

Future Outlook

KP Energy has a strong order pipeline of over 2 GW of multi-year projects, allowing it to focus on high-growth and innovative sectors. The company has received in-principle approval for 100 MW ISTS Connectivity, enabling interstate sales, and is exploring further ISTS and STU connectivity options.

Dividend Announcement

The Board of Directors has approved an interim dividend of Rs 0.20 per equity share (face value of Rs 5.00 each) for the financial year.

Affan Faruk Patel, Whole Time Director of KP Energy, commented on the results, stating, "Our Q1 performance demonstrates the strength of our business model and our ability to capitalize on the growing demand for renewable energy solutions. We are well-positioned to continue our growth trajectory and create value for our stakeholders."

KP Energy's strong financial results and strategic initiatives underscore its commitment to driving growth in the renewable energy sector. The company's focus on operational excellence and expansion of its project pipeline bodes well for its future prospects in the evolving energy landscape.