KPI Green Energy Limited has announced the receipt of substantial orders for Balance of System (BoS) package covering 534 MW solar power projects at Khavda, Kutch, Gujarat. The orders have been awarded by Adani Green Energy Limited for supply of goods and Adani Green Energy Six Limited for onsite services, marking a significant business development for the renewable energy company.

Order Details and Scope

The comprehensive BoS package encompasses two distinct components with extensive scope of work. The supply of goods component includes manufacturing, procurement, packing, transportation, factory acceptance tests, and supply of commissioning spares, mandatory spares, consumables and associated materials. The onsite services component covers receipt, unloading, storage, installation, testing, commissioning, civil, mechanical and electrical works, handing over and performance guarantee testing for the solar power projects.

Strategic Significance

KPI Green Energy Limited emphasized that these orders further strengthen the company's position as a trusted execution partner for large-scale utility solar projects. The development aligns with the company's strategic objective to scale up its BoS and EPC capabilities across marquee renewable energy developments. The projects are scheduled to be executed in a phased manner, following the timelines stipulated under the respective contracts.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The orders involve domestic entities with no promoter group interest in the awarding entities. Additionally, the transactions do not fall within related party transaction categories, ensuring arm's length commercial arrangements.

Project Execution Framework

The 534 MW solar BoS orders will be executed through a structured approach covering both supply and service components. The phased execution methodology ensures systematic project delivery while maintaining quality standards across manufacturing, installation, and commissioning activities. This comprehensive approach demonstrates KPI Green Energy's capability to handle large-scale renewable energy infrastructure projects from procurement to final handover.

KPI Green Energy has announced securing major orders for goods and onsite services for solar power projects totaling 534 MW capacity. The projects are located in Khavda, Gujarat, and represent a significant business win for the renewable energy company.

Project Details

The orders have been awarded by two entities within the Adani Green Energy group - Adani Green Energy Ltd and Adani Green Energy Six Ltd. The projects will be developed in Khavda, Gujarat, which has emerged as a major renewable energy hub in India.

Strategic Significance

This order win strengthens KPI Green Energy's position in the renewable energy sector and showcases its capabilities in handling large-scale solar power projects. The company's ability to secure orders from established players like Adani Green Energy demonstrates its technical expertise and reliability in project execution.

The Khavda region in Gujarat has been identified as a key location for renewable energy development, making this project strategically important for KPI Green Energy's growth in the solar power segment. The partnership with Adani Green Energy entities further validates the company's reputation as a dependable partner in the renewable energy ecosystem.

Market Position

The successful order acquisition reinforces KPI Green Energy's standing in India's rapidly expanding renewable energy market. The company's involvement in such large-scale projects positions it well to capitalize on the growing demand for solar power infrastructure across the country.