KPI Green bags orders for 300 MW Khavda Hybrid Renewable Project from Adani Group

The shares of KPI Green are trading higher as the company announced that it has bagged a new renewable project order from Adani Group.In an exchange filing, the Gujarat-based company said that it has received orders from Adani Group companies for the execution of electrical, civil and allied work for a 300 MWac / 405 MWdc project. The project is a part of the Khavda Hybrid Renewable Power Project, based in Khavda, Kutch, Gujarat.

Scope of Project
These orders involve electrical AC–DC works and civil works, which include pile foundation, installation of stubs, erection of module mounting structures, modules, robotic cleaning system structures and IDT stations, as well as supply of electrical DC/AC & HT equipment.KPI Green added that the aggregate orders received from Adani Group entities in relation to the Khavda projects now amount to 834 MWac / 1,131 MWdc.

Also Read: KPI Green wins ₹489 crore order for 110 MW floating solar project

Earlier this year, on January 16, the company announced another 534 MWac / 726 MWdc order in the same project.

KPI Green Shares In Focus In December of 2025, the company had bagged another order in the state of Gujarat. Here, the company got an order worth ₹489.17 crore from Gujarat State Electricity Corporation Ltd (GSECL) to execute a 142 MW (DC) / 110 MW (AC) floating solar project at the Kadana Dam reservoir in Gujarat.

When we take a quick look at the company’s stock performance, the stock has given up gains attained earlier in the trade. The company shares, after rising over 1% is now trading around 0.78% or ₹3.25 higher. In the past week of trade, the company’s shares have risen by over 4%. The current share price of KPI Green stands at ₹422.15 per share.