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Sun Drops Energia, a subsidiary of KPI Green Energy, has executed the Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam (GUVNL) for development of a self-owned IPP Standalone Battery Energy Storage System (BESS) Project having an aggregate capacity of 120 MW / 240 MWh. This BESPA has been executed subsequent to the earlier executed 445 MW / 890 MWh BESPA with GUVNL, thereby taking the Group`s cumulative executed standalone BESS portfolio to 565 MW / 1,130 MWh. The BESPA has been executed pursuant to the tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF). Under the terms of the BESPA, Sun Drops Energia will develop, own and operate the Standalone BESS Project at locations in the vicinity of 220kV Gariyadhar AIS Substation (65 MW / 130 MWh) and 220kV Otha AIS Substation (55 MW / 110 MWh) in the State of Gujarat and make the contracted battery energy storage capacity available to GUVNL on long term basis. The execution of the present BESPA marks another significant milestone for the Group and further strengthens its presence in the utility-scale Battery Energy Storage System (BESS) segment, while continuing to expand its footprint across emerging renewable energy infrastructure opportunities.

KPI Green Energy will hold a meeting of the Board of Directors of the Company on 15 May 2026.

KPI Green Energy announced that the Board of Directors of the Company at its meeting held on 6 May 2026, inter alia, have recommended the final dividend of Rs 0.25 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

KPI Green Energy announced that the Board of Directors of the Company at its meeting held on 6 May 2026, inter alia, have recommended the special dividend of Rs 0.15 per equity Share (i.e. 3%) , subject to the approval of the shareholders.

Net profit of KPI Green Energy rose 46.55% to Rs 145.29 crore in the quarter ended March 2026 as against Rs 99.14 crore during the previous quarter ended March 2025. Sales rose 39.76% to Rs 795.81 crore in the quarter ended March 2026 as against Rs 569.41 crore during the previous quarter ended March 2025.For the full year,net profit rose 48.99% to Rs 476.13 crore in the year ended March 2026 as against Rs 319.58 crore during the previous year ended March 2025. Sales rose 55.34% to Rs 2695.91 crore in the year ended March 2026 as against Rs 1735.45 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales795.81569.41 40 2695.911735.45 55 OPM %36.5628.30 -35.5532.49 - PBDT252.74155.24 63 821.55504.02 63 PBT214.02138.78 54 688.70443.51 55 NP145.2999.14 47 476.13319.58 49 Powered by Capital Market - Live News