This project, developed under a 25-year power purchase agreement with Gujarat Urja Vikas Nigam, will enhance the company’s renewable energy portfolio and support its goal of reaching a 10 GW capacity by 2030.

KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants.

The company’s consolidated net profit surged 67% to Rs 84.50 crore in Q3 FY25 as against Rs 50.61 crore recorded in Q3 FY24. Revenue from operations jumped 38.8% year on year (YoY) to Rs 458.36 crore in the quarter ended 31 December 2024.