NSEGeneral Updates29 Sept 2026 · 29 Sept 2026, 03:27 pm
General Updates
KPI Green Energy Limited · KPIGREEN
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KPI Green Energy Limited has received a work order worth approximately ₹2,025 crore for a 500 MW / 550 MWp solar EPC project from NACOF Oorja Private Limited.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
KPI Green Energy Limited has informed the Exchange regarding Receipt of Work Order worth approx. Rs. 2,025 crore for 500 MW / 550 MWp Solar EPC Project from NACOF Oorja Private Limited. The Disclosure is attached herewith.
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KPIGLOBAL_29092026152717_7_KPI_Green_Reg30_NACOF_500MW_Order_29092026_Signed.pdf
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KPI/MAT/SEP/2026/840 Date: September 29, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex,
Mumbai - 400 001 Bandra (E), Mumbai - 400051
Scrip Code: 542323 Symbol: KPIGREEN
Sub.: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 – Receipt of Work
Order worth approx. ₹2,025 crore for 500 MW / 550 MWp Solar EPC Project from NACOF
Oorja Private Limited
Dear Sir/Madam,
Apropos the captioned subject and pursuant to Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, we wish to inform you that KPI Green
Energy Limited (“the Company”) has received a Work Order from NACOF Oorja Private
Limited (“NOPL”), a subsidiary of NACOF, for the turnkey Engineering, Procurement and
Construction (EPC) of a 500 MW / 550 MWp solar photovoltaic power project. The order is
valued at approximately ₹2,025 crore (inclusive of all taxes).
The project of 500 MW forms part of the 5,000 MW Solar Photovoltaic Power Park being
developed by NOPL at Village Dantoor, Tehsil Khajuwala, District Bikaner, Rajasthan. Under the
Work Order, the Company will be responsible for the complete design, engineering,
procurement, supply, installation, testing and commissioning of the plant. The scope includes
civil works, PV modules, module mounting structures, inverters, inverter transformers, HT
switchgear and associated electrical systems, the 33 kV transmission line and evacuation bay,
and SCADA and monitoring systems. The project is scheduled to be completed within 12 Months
from the handing over of the project site
This order comes after the 500 MW / 550 MWp solar BOS package awarded to the Company by
NTPC Renewable Energy Limited at Bikaner earlier this year and further strengthens the
Company’s position in Rajasthan. As a full turnkey mandate, it also reflects the Company’s end-
to-end EPC capabilities in utility-scale solar. The order adds meaningfully to the Company’s EPC
order book and provides good revenue visibility over the coming year.
The details as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master
Circular dated January 30, 2026, are enclosed herewith as Annexure I.
Thanking you,
Yours Faithfully,
For KPI Green Energy Limited
Moh. Sohil Yusuf Dabhoya
Whole Time Director
DIN: 07112947
ANNEXURE I
Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read along with SEBI Master circular HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026
Particulars Details
1 Name of the entity awarding the NACOF Oorja Private Limited (“NOPL”), a
order(s)/contract(s); subsidiary of NACOF
2 Significant terms and conditions Company to undertake turnkey EPC of 500 MW / 550
of order(s)/contract(s) awarded MWp solar PV plant under the 5,000 MW (AC) Solar
in brief; Park at Village Dantoor, Tehsil Khajuwala, District
Bikaner, Rajasthan, covering design, engineering,
procurement, supply, installation, testing &
commissioning, civil & electrical works, 33 kV
transmission line, as per the terms of the Work
Order, aggregating to approx. ₹2,025 crore
3 Whether order(s)/contract(s) Domestic Entity
have been awarded by domestic
/ international entity;
4 Nature of order(s)/contract(s); Work Order (Turnkey EPC Contract)
5 Time period by which the EPC Works: 12 Months from handing over of project
order(s)/ contract(s) is to be site up to commissioning.
executed;
6 Broad consideration or size of Aggregate project size of 500 MW / 550 MWp (AC);
the order(s)/contract(s); consideration of approx. ₹2,025 crore (inclusive of
all taxes & GST).
7 Whether the promoter/ promoter No
group / group companies have
any interest in the entity that
awarded the
order(s)/contract(s)? If yes,
nature of interest and details
thereof;
8 Whether the order(s)/contract(s) No
would fall within related party
transactions? If yes, whether the
same is done at ‘arm’s length’