Solar company secures a sanction of Rs 3,200 crore from SBI for its solar & hybrid IPP projects aggregating 1+ GWp in Gujarat
DSIJ Intelligence-1 / 25 Sep 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 380 per cent in just 3 years and a whopping 6,300 per cent in 5 years.
KPI Green Energy Limited has successfully secured a significant financial sanction of Rs 3,200 crore from the State Bank of India. This funding, which includes both fund-based and non-fund-based facilities, is specifically designated to partially finance the development of two major renewable energy projects in Gujarat. These initiatives, a 250 MW solar project and a 370 MW hybrid project that combines solar and wind power, collectively add to the company’s extensive Independent Power Producer (IPP) portfolio, which aggregates to over 1 GWp.
The two projects are strategically vital, as they are backed by secure 25-year long-term Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL). The projects are being developed in the Bharuch and Surendranagar districts of Gujarat and will be financed with a 75:25 debt-to-equity ratio. The proceeds from the sanction will cover project costs, reimburse previously incurred expenditures, and fund other related development expenses, highlighting the bank's confidence in KPI Green Energy's technical expertise and financial strength.
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Upon completion, these projects will not only bolster the company's recurring revenue streams but also significantly contribute to the KPI Group's ambitious target of achieving 10 GW by 2030. Beyond the financial benefits, the projects are projected to have a major positive environmental impact, estimated to eliminate over 1.5 million tonnes of CO₂ emissions annually. This environmental benefit is equivalent to planting more than 65 million trees every year, further reinforcing KPI Green Energy's position as a key player in India's clean energy transition.
About the Company
KPI Green Energy Ltd, established in 2008 as part of the KP Group, is a renewable energy leader specialising in solar power generation. They operate under the "Solarism" brand, offering a comprehensive solution for both Independent Power Producers (IPPs) and Captive Power Producers (CPPs). Their services include developing, building, owning, managing and maintaining solar power plants across Gujarat, with a current installed capacity exceeding 445 MW. They cater to IPPs by directly generating and selling solar electricity, while also providing Engineering, Procurement and Construction (EPC) services to CPP clients who wish to set up their solar power facilities.
The company's shares have an ROE of 20 per cent and an ROCE of 18 per cent. The company has a market cap of over Rs 9,000 crore with a strong order book of 2.95+ GW. The stock gave multibagger returns of 380 per cent in just 3 years and a whopping 6,300 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.