KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Private Limited, has received Letters of Award and Intent to develop solar power projects with a total capacity of 32.15 megawatts (MW). These projects will be undertaken under the company’s Captive Power Producer (CPP) business segment.
The contracts were awarded by multiple domestic entities, including Aditya Ultra Steel Pvt. Ltd., Suraj Dyeing & Printing Ltd., Sunita Processors Pvt. Ltd., Balaji Polyester Pvt. Ltd., Citizen Metalalloys Ltd., Suez Internationals, Vintage Tiles, Sidhheswari Textile, P D & Sons, Hayat Enterprise, Meghdoot Leisure LLP, and Devang Paper Mill. These entities represent sectors such as steel, textiles, and tile manufacturing.
The projects are scheduled for phased execution, with completion expected during the financial year 2025-26. According to KPI Green Energy, no involvement of related parties or promoter groups was reported in the awarding of these contracts.