KPI Green Energy Ltd has proposed raising up to ₹1,000 crore via equity or convertible securities to fund renewable expansion. With ambitious plans to reach 10 GW capacity by FY2030, the move complements recent financing from SBI and green bond issuance, reinforcing its role in India’s clean energy transition.
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KPI Green Energy Ltd has announced a proposal to raise fresh capital through the issuance of equity shares or convertible securities, signaling its intent to strengthen its balance sheet and accelerate renewable energy expansion. The move comes as the company pursues aggressive growth in solar and hybrid power projects.
Key Highlights
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Fundraising Plan: The board has approved raising up to ₹1,000 crore via qualified institutional placements (QIPs) or other equity-linked instruments.
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Strategic Purpose: Funds will be deployed to expand renewable capacity, support ongoing projects, and enhance financial flexibility.
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Growth Ambition: KPI Green Energy, headquartered in Gujarat, aims to achieve 10 GW of renewable energy capacity by FY2030, reflecting its long-term vision.
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Recent Financing: The company also secured a ₹3,200 crore loan from SBI earlier this year to bolster renewable expansion, alongside issuing its first green bond.
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Market Outlook: Analysts view the fundraising as a positive step to leverage investor appetite for clean energy, aligning with India’s broader sustainability goals.
This fundraising proposal underscores KPI Green Energy’s commitment to scaling renewable infrastructure, positioning itself as a key player in India’s clean energy transition.
Sources: Infomance, ET Energyworld, Finkhoz Equity Report
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