KPI Green Energy announced that its wholly owned subsidiary, Sun Drops Energia, has received letters of intent to execute solar power projects with a total capacity of 7 MW under the company's Captive Power Producer (CPP) business segment. The letters of intent were awarded by domestic entities Wolkem India and Mahadev Texo Fab.

The projects are expected to be completed in the financial year 2024-25, in various stages, according to the terms of the order. KPI Green Energy specialises in developing and maintaining grid-connected solar power projects, selling the power generated from its solar plants.