Green engineering company receives order from Mahatma Phule Renewable Energy & Infrastructure Technology Ltd

DSIJ Intelligence-1 / 30 Jul 2025/ Categories: Mindshare, Trending

Green engineering company receives order from Mahatma Phule Renewable Energy & Infrastructure Technology Ltd

The stock is up over 50 per cent from its 52-week low of Rs 340 per share.

KP Green Engineering Limited, formerly K P Buildcon Private Limited, has received a Letter of Award (LOA) from Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra undertaking. Dated July 22, 2025, this LOA is for setting up a 5 MW Distributed Grid-Connected Rooftop Solar PV Project under an Engineering Procurement and Construction (EPC) mode at various identified Government Buildings in Goa. As the L1 bidder, KP Green Engineering will provide comprehensive turnkey solutions, including design, engineering, supply, installation, testing, commissioning and five-year maintenance services. This significant domestic win expands the company's presence in government solar infrastructure and reinforces its leadership in India's renewable energy sector, building on over 8 years of rooftop solar expertise.

Earlier, the company secured orders totalling Rs 52.31 crore across five diverse segments. The orders include Rs 11.57 crore for solar projects (Fixed Tilt and Tracker Type Module Mounting Structures), Rs 17.31 crore for Transmission Towers (33/66/220KV network) and Rs 0.46 crore for Crash Barriers (Railway Track Fencing and others). Additionally, the company secured Rs 3.97 crore for Solar Rooftop Projects. A significant highlight is their first order in the newly launched Heavy Engineering segment, a Rs 19 crore contract for Heavy Structures for the Chennai Metro project, which will be manufactured at their Matar plant and is expected to be completed in FY 2026.

DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, download the service details here.

About the Company

Incorporated in July 2001, KP Green Engineering Limited serves as the flagship manufacturing arm of the KP Group, a diversified renewable energy conglomerate founded by Dr. Faruk G. Patel in 1994. The company specialises in manufacturing fabricated and hot-dip galvanised steel products, complementing the broader group's operations, which include KPI Green Energy (solar and hybrid power), KP Energy (wind farm development) and KPIGH (green hydrogen solutions). Collectively, the KP Group has installed over 1.86 GW of green energy capacity and aims to surpass 10 GW by 2030.

The company has a market cap of over Rs 2,500 crore and has delivered good profit growth of 98.5 per cent CAGR over the last 5 years. The shares of the company have an ROE of 25 per cent and an ROCE of 30 per cent. The stock is up over 50 per cent from its 52-week low of Rs 340 per share.

Disclaimer: The article is for informational purposes only and not investment advice.