BSECompany Update6d ago · 3 Nov 2026, 12:01 pm

KPI Green Energy Limited has informed the exchange regarding successful execution of a Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project. The disclosure is attached herewith.

KPI Green Energy Ltd · 542323

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KPI Green Energy Ltd has executed a Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project at a fixed tariff of ₹3.64 per unit for 25 years.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10

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KPI Green Energy Ltd - 542323 - Execution Of Power Purchase Agreement (PPA) With SJVN Limited For 300 MW ISTS-Connected Wind Power Project

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KPI/MAT/NOV/2026/851 Date: November 03, 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: Execution of Power Purchase Agreement (PPA) with SJVN Limited for 300 MW ISTS- Connected Wind Power Project Dear Sir/Madam, Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are pleased to inform you that KPI Green Energy Limited (“Company”) has successfully executed a Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project. The project, secured through a competitive bidding process, will operate under a long-term PPA at a fixed tariff of ₹3.64 per unit for 25 years, with power supply to commence within 24 months from the effective date of the PPA. This PPA marks a significant milestone in the Company’s wind energy journey. The long-term fixed tariff provides predictable and stable cash flows, while the project meaningfully strengthens the Company’s utility-scale wind portfolio and adds strong momentum to the Group’s KP 3.0 roadmap, under which the Company is set to build 10 GW of owned IPP capacity by FY32. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular dated January 30, 2026, are enclosed herewith as Annexure-A. This is for your information and records. Thanking you, Yours Faithfully, For KPI Green Energy Limited Moh. Sohil Yusuf Dabhoya Whole Time Director DIN: 07112947 Annexure-A 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 Sl. No. Particulars Details a. Name of the entity awarding the SJVN Limited order(s)/contract(s) b. Significant terms and conditions of KPI Green Energy Limited has executed a order(s)/contract(s) awarded in brief Power Purchase Agreement (PPA) with SJVN Limited for a 300 MW Inter-State Transmission System (ISTS)-connected Wind Power Project at a fixed tariff of ₹3.64 per unit for a period of 25 years, under SJVN’s 600 MW ISTS-connected Wind Power Projects (WIND-3). c. Whether order(s)/contract(s) have Domestic been awarded by domestic/international entity d. Nature of order(s)/contract(s) Power Purchase Agreement e. Whether domestic or international Domestic f. Time period by which the Commencement of power supply – within order(s)/contract(s) is to be executed 24 months from the Effective Date of the PPA tenure – 25 years g. Broad consideration or size of the Size of the project – 300 MW Contracted order(s)/contract(s) Capacity, at a fixed tariff of ₹3.64 per unit for 25 years h. 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 i. Whether the order(s)/contract(s) No would fall within related party transactions? If yes, whether the same is done at “arm’s length”