KPI Green Energy, a renewable energy company, received loan approval (sanction) of ₹3,200 crore from State Bank of India (SBI). This money will help them partially to fund its solar and hybrid energy projects in Gujarat. The funding includes both fund-based (actual loans) and non-fund based (like bank guarantees or letters of credit) financial support.
Both projects have 25-year contracts to sell the electricity they produce to Gujarat Urja Vikas Nigam Ltd. (GUVNL), a government-owned power company. The projects are located in the Bharuch and Surendranagar districts of Gujarat. Combined, these two projects will generate over 1,000 MWp (megawatt peak) of clean electricity. This is enough to power hundreds of thousands of homes.
Highlights of The Two Projects:
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250 MW Solar Power Project
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Location: Gujarat
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Type: Pure solar
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Capacity: 250 MW (AC) or 350 MWp (DC)
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370 MW Hybrid Power Project
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Location: Gujarat
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Type: A mix of solar and wind
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Capacity:
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557 MWp of Solar
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124.20 MW of Wind
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Right now, KPI Green Energy’s market capitalization (value of all its shares) is ₹9,314.50 crore. After this news, the stock price rose by 5.05%, reaching ₹488.6 — the biggest one-day jump since August 11. Later, the price dropped a bit and was trading at ₹475, still about 2% higher by 9:56 AM. This rise also ended a three-day losing streak for the stock.
So far in 2025, KPI Green’s stock is down 13%, while the overall market (Nifty 50) is up 6%. So, the company has been underperforming , but this positive news gave the stock a lift.
Getting a ₹3,200 crore sanction from SBI is a major vote of confidence in KPI Green’s projects. It indicates the company is growing and scaling up its clean energy efforts something investors may view positively.