KPI Green Energy Limited has achieved a major milestone by successfully commissioning a 200 MW (AC)/269 MW (DC) solar power project for Coal India Limited, the world’s largest single coal-producing company. The project has been developed at GIPCL’s Solar Park in Khavda, Gujarat, further strengthening the company’s position in India’s rapidly expanding renewable energy sector.
The newly commissioned capacity forms part of a larger 300 MW (AC)/405 MW (DC) grid-connected ground-mounted solar photovoltaic (PV) project being executed by KPI Green Energy for Coal India under the Engineering, Procurement and Construction (EPC) model.
The commissioning has been officially certified by the Gujarat Energy Development Agency (GEDA), confirming the successful completion of the first phase of the project. The remaining 100 MW (AC)/136 MW (DC) capacity is currently under development and is progressing according to schedule.
Under the EPC model, KPI Green Energy is responsible for the complete design, procurement, construction and commissioning of the solar power project. The successful execution of this large-scale assignment highlights the company’s engineering capabilities and reinforces its credibility in delivering utility-scale renewable energy infrastructure for major public sector enterprises.
Located in the Kutch district of Gujarat, Khavda has emerged as one of India’s largest renewable energy hubs due to its vast land availability, high solar irradiation and rapidly expanding clean energy infrastructure. The latest commissioning further strengthens KPI Green Energy’s footprint in the region, which is expected to play a key role in India’s renewable energy expansion.
The project also supports Coal India Limited’s ongoing diversification into renewable energy as the state-owned mining giant continues to expand its clean energy portfolio alongside its traditional coal business.
KPI Green Energy, a part of the KP Group, has outlined an ambitious vision of developing a 10 GW renewable energy portfolio by 2030. The successful commissioning of the Khavda project marks another important step toward achieving this long-term target while enhancing the company’s EPC execution track record.
The company’s impressive operational growth has also been reflected in its long-term stock market performance. Since its market debut in January 2019, when the stock was priced at around ₹8.35, KPI Green Energy shares have risen to approximately ₹410, delivering a return of nearly 4,810% over about seven and a half years.
Despite the strong long-term performance, the stock has experienced some recent correction, declining around 25% over the past year and nearly 15.3% year-to-date in 2026, reflecting broader market volatility and profit booking in renewable energy stocks.
KPI Green Energy operates across both the Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) segments, developing and operating solar power projects for government agencies, commercial enterprises and industrial customers.
With India’s renewable energy capacity continuing to expand rapidly, successful execution of large-scale projects such as the Khavda solar plant is expected to strengthen KPI Green Energy’s position as a leading player in the country’s clean energy transition.
Disclaimer: This report has been editorially prepared using publicly available information and official company disclosures. Readers are advised to refer to KPI Green Energy and Coal India Limited’s official announcements for complete project details.
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