KPI Green Energy Secures Rs.6.86 Billion for Kutch Solar Project

01 Jul 2024 CW Team

KPI Green Energy has secured a substantial credit facility of ?6.86 billion ($82.1 million) to advance a 200 MW solar photovoltaic power project in Khavda, Kutch District. This funding follows the company's successful fundraising of ?3 billion ($36.08 million) through qualified institutions placement.

The company's board approved the issuance of 2.54 million equity shares to qualified institutional buyers at ?1,183 ($14.23) per share, raising funds primarily for the project. Of the total amount raised, ?2.25 billion ($26.9 million) has already been allocated to support the solar initiative.

KPI Green Energy aims to significantly expand its renewable energy portfolio with the new solar project, part of efforts to achieve 1,000 MW capacity by 2025.

In recent achievements, KPI Green emerged victorious in Gujarat Urja Vikas Nigam's auctions, securing contracts to supply power from both grid-connected solar and wind-solar hybrid projects. The company's strategic bids underscore its growing presence and capabilities in India's renewable energy sector.

With a current order book exceeding 524 MW and recent acquisitions like KPark Sunbeat, KPI Green continues to strengthen its position as a key player in sustainable energy development.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..