KPI Green Energy Limited (NSE: KPIGREEN) announced today that it has signed a binding offer to acquire 100% of the equity of Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL) for an enterprise value of approximately ₹2,410 crore. This acquisition will bring 507.9 MW of operational wind capacity to the company’s portfolio, located in Gujarat’s Kutch wind corridor.

Significant Expansion

The acquisition marks a significant step-up in KPI Green’s wind presence. Upon completion, it will bring fully operational, revenue-generating assets with long-term contracted revenues onto the company’s balance sheet, adding scale immediately without construction or commissioning risk.

Transaction Highlights

The transaction will increase KPI Green’s installed Independent Power Producer (IPP) capacity from 1.16 GW to approximately 1.67 GW, positioning the company to cross 2 GW of installed IPP capacity by the end of the year. The acquired wind projects, held by AEPL and NWPL, have approximately 21 years of remaining contracted life on a capacity-weighted basis.

Completion is subject to the execution of definitive transaction documents and the satisfaction or waiver of customary conditions precedent, including lender, contractual, and regulatory approvals. The transaction is expected to close by February 28, 2027.

Commenting on the development, Dr. Faruk Patel, Chairman & Managing Director, said: “This is a defining moment for KPI Green. It will be our first acquisition at this scale and our first in wind, and upon completion, it will bring 507.9 MW of operational, SECI-contracted capacity onto our platform from day one. The acquisition strengthens our presence in Gujarat’s Kutch wind corridor and upon completion, adds a portfolio of revenue-generating assets with long-term contracted cash flows. As we continue to build our own portfolio as a long-term developer and independent power producer, this transaction marks an important milestone in our growth journey.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of KPI Green Energy Limited

KPI Green Energy Limited belongs to the Utilities › Utilities – Renewable sector. Here’s a quick read on where the business and the stock stand today.

KPI moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.25 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 61.2% and profits at 63.2% CAGR. Both numbers are exceptional. The stock gains 18.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 61.2% and profits at 63.2% CAGR, with D/E of 0.00. Meanwhile, the stock dips 6.4% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of KPI Green Energy Limited.