KPI Green Energy Secures ₹2,025 Crore EPC Contract for 500 MW Solar Project
KPI Green Energy received a ₹2,025 crore Work Order from NACOF Oorja Private Limited for a 500 MW / 550 MWp solar EPC project in Bikaner, Rajasthan. The project scope includes design, procurement, installation, and commissioning, with completion expected within 12 months of site handover.
A contract of this magnitude (₹2,025 crore) for a large-scale solar project will significantly impact the company's financial performance and market position.
The announcement details a significant new order worth ₹2,025 crore, which is a substantial positive development for the company's order book and revenue visibility.
KPI Green Energy Limited has announced the receipt of a significant Work Order valued at approximately ₹2,025 crore from NACOF Oorja Private Limited (NOPL), a subsidiary of NACOF. This contract is for the turnkey Engineering, Procurement, and Construction (EPC) of a 500 MW / 550 MWp solar photovoltaic power project.
The project is part of a larger 5,000 MW Solar Photovoltaic Power Park being developed by NOPL in Bikaner, Rajasthan. KPI Green Energy's responsibilities will encompass the complete design, engineering, procurement, supply, installation, testing, and commissioning of the solar plant. This includes civil works, PV modules, mounting structures, inverters, transformers, HT switchgear, the 33 kV transmission line, evacuation bay, and SCADA systems.
The execution of the EPC works is scheduled to be completed within 12 months from the date of handing over the project site. This new order follows a similar 500 MW / 550 MWp solar BOS package awarded by NTPC Renewable Energy Limited earlier in the year, further solidifying the company's presence in Rajasthan and demonstrating its end-to-end EPC capabilities for utility-scale solar projects. The order is expected to significantly boost the company's EPC order book and provide strong revenue visibility for the upcoming year.
What to do with a filing like this
KPI Green Energy Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by KPI Green Energy Limited. Read the original for the full detail.