KPI Green Energy Secures Rs 9.79 bn Loan for 150 MW Gujarat Wind Project

20 Mar 2026 CW Team

The project, backed by 25-year long-term power purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL), is being developed in Bharuch and Bhavnagar districts and forms part of the company's growing IPP portfolio. The funding will underwrite construction and initial operation phases.

The total project cost is estimated at Rs 12.42 bn and is proposed to be funded at a debt to equity ratio of 75:25, with the sanctioned term loan constituting the debt component of the financing. The facility carries a door-to-door tenor of 20 years and one month, including an implementation period of one year four months and a moratorium period of one year. This structure provides long-term financial support for project development and implementation.

Company leadership said the sanction represents an important milestone and reflects strong confidence in the group's execution capabilities and long-term strategy in the renewable energy sector. Access to long-term project financing was identified as a critical enabler for scaling clean energy infrastructure and the facility is expected to support timely project delivery. The investment will be used to accelerate growth of the renewable energy portfolio and to reinforce stable annuity revenues.

Upon commissioning, the projects will contribute to KP Group's 10 GW target by 2030 and will advance the group's efforts in wind, solar, hybrid energy, battery energy storage systems and green hydrogen. Established in 1994 by Dr Faruk G. Patel, the group has developed a diversified portfolio and a reputation as a partner for organisations seeking to reduce carbon footprints. The company said it remains committed to India's energy transition and to creating enduring value for stakeholders.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

KPI Green Energy Limited has secured a sanction of Rs 9.79 billion (bn) from Canara Bank, comprising Rs 9.31 bn in a fresh rupee term loan and Rs 0.48 bn in bank guarantee support to finance the development of its 150 megawatt (MW) wind power project in Gujarat as an independent power producer. The project, backed by 25-year long-term power purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL), is being developed in Bharuch and Bhavnagar districts and forms part of the company's growing IPP portfolio. The funding will underwrite construction and initial operation phases. The total project cost is estimated at Rs 12.42 bn and is proposed to be funded at a debt to equity ratio of 75:25, with the sanctioned term loan constituting the debt component of the financing. The facility carries a door-to-door tenor of 20 years and one month, including an implementation period of one year four months and a moratorium period of one year. This structure provides long-term financial support for project development and implementation. Company leadership said the sanction represents an important milestone and reflects strong confidence in the group's execution capabilities and long-term strategy in the renewable energy sector. Access to long-term project financing was identified as a critical enabler for scaling clean energy infrastructure and the facility is expected to support timely project delivery. The investment will be used to accelerate growth of the renewable energy portfolio and to reinforce stable annuity revenues. Upon commissioning, the projects will contribute to KP Group's 10 GW target by 2030 and will advance the group's efforts in wind, solar, hybrid energy, battery energy storage systems and green hydrogen. Established in 1994 by Dr Faruk G. Patel, the group has developed a diversified portfolio and a reputation as a partner for organisations seeking to reduce carbon footprints. The company said it remains committed to India's energy transition and to creating enduring value for stakeholders.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..