KPI Green Unit Wins 100 MW Repeat Solar Order From Avichal

Gujarat: KPI Green Unit Wins 100 MW Repeat Solar Order From Avichal Power

By Chitrika Grover/ Updated On Fri, Jul 4th, 2025

Gujarat: KPI Green Gets 36.87 MW Captive Solar Orders

KPI Green Energy subsidiary Sun Drops Energia has recently secured a repeat Letter of Award (LoA) from Avichal Power for the turnkey development of a 100 MW Solar Power Project, the company said in a filing. This is the second consecutive award with Avichal Power Private Limited in Gujarat.

Additionally, the Gujarat-based company is tentatively scheduled to complete its project in the financial year 2026-27. The project would be completed in various tranches as per the terms of the order. KPI Green is expected to undertake the following activities under the scope of the work.

The key highlight of the order:

o End-to-end EPC delivery (Engineering, Procurement & Construction)
o Supply of advanced module mounting systems and balance-of-plant materials
o Civil, structural, electrical & instrumentation works
o Comprehensive Operations & Maintenance throughout the project lifecycle

KPI Green Expands Solar Projects

While the newly secured 100 MW EPC order with Avichal Power adds to KPI Green’s pipeline, it supports the company’s overall growth trajectory and aligns with its reiterated guidance for 60–70% annual growth in the near term, similar to the pace achieved in FY25. Currently, KPI Green’s order book stands at 1.76 GW on the CPP/EPC side, excluding the 1.5 GW IPP pipeline. These projects are expected to be executed over the next year.

Currently, while CPP projects dominate current revenue, IPP assets provide significantly higher profit margins to KPI Greens’ growth and are central to the firm’s long-term strategy. The senior management is confident of securing enough new orders by Q2 FY26 to fully cover FY27’s revenue plan and is also bidding on projects that would extend into FY28. This visibility gives the company comfort in sustaining its high growth rate over the next few years.