KP Group has committed an investment of Rs 40 billion in Gujarat’s renewable energy sector and signed a memorandum of understanding with the Government of Gujarat for the development of clean energy projects, the company said in an exchange filing.

The MoU was signed on January 12, 2026, in Rajkot during the Vibrant Gujarat Regional Conference, as part of the state’s investment promotion activities.

Under the agreement, KP Group plans to set up renewable energy projects with an aggregate capacity of around 855 MW. The proposed portfolio will include solar power projects as well as inter-state transmission system (ISTS)-connected wind–solar hybrid projects.

The projects will be developed across multiple locations in Gujarat, including Devbhumi Dwarka and Kutch (Bhuj). The company said the total proposed investment for these developments is estimated at approximately Rs 40 billion.

The planned capacity addition is expected to support Gujarat’s clean energy transition and contribute to the state’s expanding renewable power ecosystem.