KPI Green Energy Ltd receives NOAs from NTPC Renewable Energy Ltd

KPI Green Energy Limited ("the Company") has received Notifications of Award (NOAs) from NTPC Renewable Energy Limited ("NTPC REL"), a subsidiary of NTPC Green Energy Limited, for the Balance of System (BOS) Package pertaining to the development of 500 MW Grid Connected Solar PV Projects at Bikaner, Rajasthan.

The award is divided into two blocks of 300 MW and 200 MW and includes the scope of supply of plant and equipment, inland transportation, insurance, installation, testing and commissioning, civil and allied works, along with comprehensive Operation and Maintenance services for 3 years from COD plus 10-year AMC. The aggregate contract value is ₹621 crore, excluding GST, comprising ₹367 crore for the 300 MW block and ₹254 crore for the 200 MW block. The contract agreement will be executed in accordance with the terms of the Notifications of Award.

This project marks the Company's significant entry into Rajasthan, one of India's most prominent renewable energy hubs. The award expands its geographical footprint and supports its strategy of participating in large utility-scale solar opportunities across renewable-rich states.

This award further strengthens the Company's positioning in India's fast-growing renewable energy landscape. It aligns with the Government of India's initiatives to expand green energy capacity and support sustainable infrastructure development. The Company believes this will contribute meaningfully to its future growth and stakeholder value creation.

Source : Equity Bulls

Keywords

KPIGreenEnergy NOA OrderWin NTPCRenewableEnergy