About KPI Green Energy Limited

KPI Green Energy Limited, part of the KP Group, develops, builds, owns, manages and maintains renewable power facilities as both an Independent Power Producer (IPP) and a service provider to Captive Power Producers (CPP) under the ‘Solarism’ brand. Established in 2008, the company focuses on grid‑connected solar and hybrid projects, backed by dedicated 66 KV and 11 KV power evacuation infrastructure. As of FY 2022‑23, KPI Green reported 312+ MW of cumulative capacity energised, an 846+ MW cumulative power evacuation capacity and a 1,374+ acre land bank. The company operates across multiple sites in the Bharuch and Bhavnagar districts of Gujarat, supplying power from its own plants and developing, operating and maintaining plants for CPP clients across more than 23 locations in Bharuch district.

KPI Green Energy has two subsidiaries (100% each) as on March 31, 2023. Key milestones include: commissioning its first solar plant and commencing power sales in 2016; launching the CPP business in 2018; listing on the BSE SME platform in 2019 and migrating to the main boards of BSE and NSE in 2021; achieving 100+ MW energised under IPP in 2022; and, in 2023, being renamed “KPI Green Energy Limited”, commissioning its first 26.10 MW IPP hybrid project, and crossing 300+ MW in cumulative capacity energised.

KPI Green Energy Limited’s Business Segments

• By operating model: CPP contributed 85% of revenue and IPP 15% in FY 2022‑23.
• By product/service: Construction and maintenance of power plants contributed 85.12% of turnover, and electric power generation using renewable energy 14.72%.

KPI Green Energy Limited Key Management

• Dr. Faruk G. Patel – Chairman & Managing Director
• Mohmed Sohil Yusuf Dabhoya – Whole Time Director
• Salim Suleman Yahoo – Chief Financial Officer
• Rajvi Vinodchandra Upadhyay – Company Secretary
• Shaheedul Hasan – Chief Operating Officer

Latest Updates on KPI Green Energy Limited

• Corporate Identity and Credit Rating: The company’s name was changed to “KPI Green Energy Limited” to reflect its industry focus, and ICRA upgraded its credit rating from BBB+ to A-.
• Project Commissioning and Capacity Milestone: KPI Green successfully commissioned its first 26.10 MW IPP hybrid project (wind‑solar) and achieved 300+ MW of cumulative capacity energised (IPP+CPP).
• Operational Enhancements: Operational enhancements included increasing power evacuation capacity from 240+ MW to 846+ MW and expanding the land bank from 850+ acres to 1,374+ acres; the company also reported three‑digit PAT growth to Rs. 109+ crore in FY23.
• Technology and Process Initiatives: Technology and process initiatives during the year included the introduction of 540Wp bifacial panels, single‑axis trackers, robotics-based waterless panel cleaning and the roll‑out of SAP for product management; the operations and maintenance workforce and HSE team were strengthened.
• Market Position and Infrastructure: The company highlighted strong positions in both IPP and CPP, with comprehensive 66 KV and 11 KV evacuation infrastructure across its portfolio.