KP Group plans to invest Rs 80 billion through KPI Green Energy Ltd to develop hydrogen and electric vehicle (EV) fuel stations across India. This strategic move will generate around 1,000 employment opportunities and bolster India’s clean energy infrastructure, accelerating the country’s path to a sustainable future.
KP Group, a leading conglomerate in renewable energy and infrastructure, has announced a major investment of Rs 80 billion via its subsidiary KPI Green Energy Ltd to spearhead the development of hydrogen and electric vehicle (EV) fuel stations in India. This initiative forms part of KP Group’s strategic focus on clean energy solutions critical to India’s net-zero ambitions and sustainable growth.
The investment plan is backed by a recently signed Memorandum of Understanding (MoU) with international and domestic partners to jointly develop infrastructure for hydrogen and EV refueling stations. These facilities are anticipated to support the growing adoption of hydrogen fuel and electric vehicles in India, which are key to decarbonizing the transport sector.
KP Group’s involvement is expected to align with government policies promoting alternative fuels and renewable energy integration, seeking to place India among leading markets for hydrogen and EV energy solutions. Alongside contributing to environmental benefits, this project will create approximately 1,000 direct and indirect jobs, spanning construction, operations, and technology development.
The MoU signals a collaborative approach to leverage cutting-edge technology and establish a robust ecosystem for hydrogen production, storage, and distribution, alongside EV charging infrastructure. This synergy aims to overcome challenges such as fuel availability, supply chain constraints, and technological adaptation.
KP Group's Chairman & Managing Director, Dr. Faruk G. Patel, noted that the investment underlines the group’s long-term commitment to accelerating India’s transition to clean energy while fostering economic growth and employment generation. The group’s experience with large-scale renewable projects, including wind, solar, and green hydrogen, positions it well to deliver on this ambitious vision.
Major Takeaways
KP Group commits Rs 80 billion investment through KPI Green Energy Ltd towards hydrogen and EV fuel station development.
The initiative supports India’s sustainable transport goals and net-zero emission targets by expanding clean fuel infrastructure.
Approximately 1,000 jobs will be created in construction, operations, and technology related to green energy solutions.
The partnership entails a Memorandum of Understanding with global and local collaborators to ensure technology transfer and efficient project execution.
Projects will focus on advanced hydrogen production, storage technologies, and EV charging infrastructure to address market challenges.
This effort reinforces KP Group’s leadership in renewable energy with a diversified portfolio and strategic international alliances.
The investment reflects growing momentum in India’s green hydrogen and clean mobility sectors, essential for energy security and climate goals.
KP Group’s decisive Rs 80 billion investment through KPI Green Energy Ltd marks a transformative chapter in India’s clean energy landscape, fueling economic growth, job creation, and the nation’s journey toward a greener future.
Sources: KP Group official release; Economic Times; Renewable Watch; EQ Magazine