KPI Green Energy receives approximately ₹2,025 crore turnkey EPC order for 500 MW solar project
As filed · KPI Green Energy Limited has informed the Exchange regarding Receipt of Work Order worth approx. Rs. 2,025 crore for 500 MW / 550 MWp Solar EPC Project from NACOF Oorja Private Limited. The Disclosure
What happened
FactKPI Green Energy received a work order from NACOF Oorja Private Limited for turnkey EPC of a 500 MW / 550 MWp solar photovoltaic project in Bikaner, Rajasthan. The project is scheduled for completion within 12 months from handing over of the project site, and the order includes design, procurement, installation, testing and commissioning, along with civil and electrical works.
Why it matters
CapitSignal interpretationAn order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
Scale
- 101.8% of FY26 revenue
₹2,025 Cr stated in the filing against ₹1,989.5 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
Withdrawnthe growth we have committed for the 30% to 40% year-on-year, that is something that which we will be able to maintain.
I expect that in the upcoming quarters, you will see the full benefit of the plant.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Execution period stated in the order
- Whether the order book total is disclosed
- Margin commentary at the next results
- So, I think after March '27, we will have 1.7. (management committed by FY27)
- 10+ GW Ambitious group capacity target by 2030 (management committed by FY30)
Evidence
- KPI Green Energy Limited has informed the Exchange regarding Receipt of Work Order worth approx. Rs. 2,025 crore for 500 MW / 550 MWp Solar EPC Project from NACOF Oorja Private Limited. The Disclosure is attached herewith.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · FY25
How CapitSignal classified this
- Reasoning:
- The order adds to KPI Green Energy’s EPC order book and provides stated revenue visibility over the coming year. It also expands the company’s turnkey EPC involvement in a utility-scale solar project in Rajasthan.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%