Order Win / Contract Award
KPI Green Energy Bags Rs. 621 Crore Solar BOS Orders from NTPC REL
NSE
kpigreen
BSE
542323
KPI Green Energy received Notifications of Award (NOAs) worth Rs. 621 crore from NTPC Renewable Energy Limited for 500 MW Solar BOS projects in Rajasthan.
PRICE-SENSITIVE TRIGGER
Event: Major Solar BOS Order Win
Type: Order Win / Contract Award
Impact: Positive
Immediate Effect: The orders strengthen KPI Green’s renewable EPC portfolio and expand its presence in Rajasthan
Key Metrics:
- Aggregate Contract Value: Rs. 621 crore
- Project Capacity: 500 MW
- 300 MW Block Value: Rs. 367 crore
- 200 MW Block Value: Rs. 254 crore
- O&M Period: 3 years + 10-year AMC
Highlight:
- KPI Green secured major 500 MW solar BOS orders from NTPC REL in Rajasthan
What Happened ?
KPI Green Energy received NOAs from NTPC Renewable Energy Limited for Balance of System (BOS) works related to 500 MW grid-connected solar projects at Bikaner, Rajasthan.
The scope includes:
- Supply of plant and equipment
- Installation and commissioning
- Civil and allied works
- O&M services
- Long-term AMC support
key highlights
Project Details:
- The project is divided into 300 MW and 200 MW blocks.
- The customer is NTPC Renewable Energy Limited.
- The orders are domestic in nature.
- The projects are located in Bikaner, Rajasthan.
- KPI Green said the project marks its major entry into Rajasthan.
- The order strengthens the company’s utility-scale solar portfolio.
Note:
- The company expects the project to contribute meaningfully to future growth and revenue visibility.
Risk Analysis
Key Risks
- EPC execution risk
- Renewable project timeline risk
- Cost escalation risk
- Policy and regulatory risks
Worst Case Scenario
- Project execution delays could impact revenue recognition and profitability.
Risk Level: Medium
Company Commentary
- KPI Green highlighted expansion into Rajasthan renewable markets.
- Management said the order strengthens its renewable energy positioning.
- The company expects long-term value creation from the project.
Official Exchange Filing: KPI Green Energy Limited