KP Group's Solar Company Stock Surges Over 3% on Fresh Approvals and Green Energy Push
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KPI Green Energy Ltd has secured a total sanction of Rs 979 crore from Canara Bank for its 150 MW wind power project in Gujarat.
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The funding includes a fresh rupee term loan of Rs 931 crore and a Bank guarantee facility of Rs 48 crore. The project will be developed under the Independent Power Producer (IPP) segment.
The wind project is backed by 25-year long-term Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd (GUVNL). It will be located in the Bharuch and Bhavnagar districts of Gujarat.
The total project cost is estimated at Rs 1,241.68 crore. It will be funded in a debt–equity ratio of 75:25, with the term loan forming the debt component.
The loan facility has a door-to-door tenor of 20 years and 1 month. This includes an implementation period of 1 year and 4 months, along with a moratorium period of 1 year.
Incorporated in 2008, KPI Green Energy Ltd is part of KP Group. The company builds, owns, manages, and maintains renewable power facilities (Solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand.
KPI Green Energy Ltd Share Price Performance
KPI Green Energy Ltd saw an active session on March 17, 2026, with its share price opening at Rs 381.00. During the day, the stock touched an Intraday high of Rs 394.20, marking a notable spike of over 3.5 per cent from the previous close of Rs 380.30.
Profit booking brought the stock down, and it settled at Rs 379.75, down 0.14 per cent from the previous close. The day’s low was Rs 374.10.
Despite the intraday rally, the stock has been under pressure this year, with a year-to-date (YTD) decline of 21.74 per cent. Over the past one year, however, it has managed a marginal gain of 0.32 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.