KPI Green Energy Wins 300 MW Adani Order; Stock Jumps 1.5%

February 10, 2026February 10, 2026

Shares of KPI Green Energy Ltd surged 1.5% to touch a day’s high of Rs 427.50 on 10th February. This happened after the company announced that it has secured a new renewable energy project order from the Adani Group.

In an exchange filing, KPI Green Energy said it has received orders from Adani Group companies to execute electrical, civil, and allied works for a 300 MWac / 405 MWdc project. Furthermore, the project is part of the Khavda Hybrid Renewable Power Project in Kutch, Gujarat.

The scope includes electrical AC–DC works and civil works such as pile foundation, installation of stubs, erection of module mounting structures, solar modules, robotic cleaning system structures, and IDT stations. In addition, it also involves the supply of DC/AC and high-tension (HT) electrical equipment.

With this order, KPI Green’s total orders from Adani Group entities for the Khavda projects have reached 834 MWac / 1,131 MWdc.

Earlier, on 16th January, the company had secured another 534 MWac / 726 MWdc order under the same project.

In December 2025, KPI Green also received an order worth Rs 489.17 crore from Gujarat State Electricity Corporation Ltd (GSECL). This order is to execute a 142 MW (DC) / 110 MW (AC) floating solar project at the Kadana Dam reservoir in Gujarat.

At 1:15 PM, shares of KPI Green Energy were trading 1.05% higher at Rs 423.30 on the NSE.

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