KP Green Engineering Limited has signed a significant Memorandum of Understanding with the Government of Gujarat for developing renewable energy projects worth ₹4,000.00 crores. The agreement was formalized on January 12, 2026, at Marwadi University, Rajkot, as part of the Vibrant Gujarat Regional Conference – Investment Promotion Activity.

Project Portfolio and Capacity

The MoU encompasses renewable energy projects with an aggregate capacity of approximately 855 MW, strategically distributed across multiple locations in Gujarat, including Devbhumi Dwarka and Kutch (Bhuj). The portfolio comprises both solar power projects and ISTS-connected wind-solar hybrid power projects.

Investment and Employment Impact

The renewable energy initiative represents a substantial investment commitment with significant economic implications for the region. The total proposed investment amounts to approximately ₹4,000.00 crores, positioning this as one of the major renewable energy investments in Gujarat.

Government Support and Facilitation

Under the terms of the MoU, the Government of Gujarat has committed to facilitating KP Green Engineering in obtaining necessary permissions, registrations, approvals, and clearances from relevant State authorities. This support will be provided in accordance with applicable policies, rules, and regulations, ensuring streamlined project implementation.

The proposed projects are expected to be implemented in a phased manner, subject to receipt of applicable statutory approvals and clearances from various regulatory bodies.

Strategic Significance

This MoU underscores KP Green Engineering's commitment to strengthening Gujarat's renewable energy ecosystem and contributing to the State's clean energy and sustainable development objectives. The agreement aligns with India's broader renewable energy mission and Gujarat's position as a leading state in clean energy adoption.

Established in 1994 by Dr. Faruk G. Patel, KP Group has evolved into a multi-faceted conglomerate with core expertise in renewable energy, infrastructure, and innovation. Over three decades, the group has championed sustainability through transformative projects in wind, solar, hybrid energy, Battery Energy Storage System (BESS), and green hydrogen technologies.

KP Green Engineering Ltd. has secured advance work orders worth ₹819 crore from Bharat Sanchar Nigam Limited (BSNL) for telecom infrastructure works under the government's 4G Saturation Project, the company announced on Monday, January 12. The orders represent the largest contract win in the company's history and significantly strengthen its executable order book.

Order Details and Geographic Coverage

The contract comprises two distinct clusters spanning multiple states across India. The comprehensive geographic coverage demonstrates the scale and strategic importance of this infrastructure development initiative.

Scope of Work and Service Offerings

Under the contract terms, KP Green Engineering will undertake comprehensive telecom infrastructure development and maintenance services. The company's responsibilities encompass multiple aspects of telecom infrastructure deployment and long-term operational support.

The scope of work includes:

• Supply and erection of ground-based telecom towers
• Infrastructure-as-a-Service Provider for allied telecom infrastructure
• Operations and maintenance of sites for five years
• Potential extension of O&M period by another five years as per BSNL's project terms

Strategic Impact and Market Position

The order win significantly reinforces KP Green Engineering's presence in the telecom infrastructure and EPC segment. The company highlighted that this achievement underscores its capability to execute large-scale, geographically diverse government-backed projects. The execution will proceed according to BSNL's project schedule and specifications under the 4G Saturation Project/BOP-BIP programme.

Stock Performance

Despite the major contract win, shares of KP Green Engineering Ltd. were trading 4.17% down at ₹316.15 as of 11:42 am on Monday. The stock has experienced significant volatility, falling 37.17% over the last six months, reflecting broader market conditions and sector-specific challenges.