KPI Green Energy gained over 4 per cent in intraday trade after the company announced that its subsidiary, Sun Drops Energia, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited for a standalone battery energy storage system (BESS) project in Gujarat.
The scrip opened at Rs. 423.25 and has touched a high and low of Rs. 440.65 and Rs. 421.85 respectively. So far 29173 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 562.60 on 16-Jul-2025 and a 52 week low of Rs. 335.80 on 09-Mar-2026.
Last one week high and low of the scrip stood at Rs. 507.15 and Rs. 406.30 respectively. The current market cap of the company is Rs. 8658.34 crore.
The promoters holding in the company stood at 49.49%, while Institutions and Non-Institutions held 8.87% and 41.65% respectively.
KPI Green Energy’s subsidiary — Sun Drops Energia has executed the Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam (GUVNL). The agreement involves development of a self-owned IPP Standalone Battery Energy Storage System (BESS) Project having an aggregate capacity of 120 MW / 240 MWh. This BESPA has been executed subsequent to the earlier executed 445 MW / 890 MWh BESPA with GUVNL, thereby taking the Group’s cumulative executed standalone BESS portfolio to 565 MW / 1,130 MWh. The BESPA has been executed pursuant to the tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).
Under the terms of the BESPA, Sun Drops Energia will develop, own and operate the Standalone BESS Project at locations in the vicinity of 220kV Gariyadhar AIS Substation (65 MW / 130 MWh) and 220kV Otha AIS Substation (55 MW / 110 MWh) in the State of Gujarat and make the contracted battery energy storage capacity available to GUVNL on a long-term basis. The execution of the present BESPA further strengthens the Group’s presence in the utility-scale BESS segment, while continuing to expand its footprint across emerging renewable energy infrastructure opportunities.
KPI Green Energy said the latest agreement further strengthens the group’s position in the utility-scale battery storage segment and expands its renewable energy infrastructure portfolio. The company, formerly known as K.P.I. Global Infrastructure, operates as a solar power producer under the ‘Solarism’ brand and also provides renewable energy solutions for captive power producer (CPP) customers as part of the KP Group.
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