Sun Drops Wins Orders for 37 MW Solar Projects

23 Jun 2025 CW Team

Sun Drops Energia, a subsidiary of KPI Green Energy, has secured Letters of Award and Intent for the development of solar power projects with a combined capacity of 36.87 megawatts. These projects are part of the company’s Captive Power Producer (CPP) business segment.

The projects are expected to be implemented in a phased manner and completed by the end of the financial year 2025–26, as per the terms outlined in the orders. A portion of the projects will be executed under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, which is included in the Gujarat Renewable Energy Policy-2023 framework.

The orders have been awarded by various domestic clients operating in collaboration with KPI Green’s CPP segment. The company confirmed that there is no involvement of any foreign entity or related party in this transaction. Additionally, it clarified that the promoter group holds no interest in the entities placing these orders, ruling out any promoter or related party influence.

In terms of financial performance, KPI Green Energy reported a strong quarter with a net profit of Rs 994 million in Q4 FY25, compared to the corresponding quarter of the previous year. The impressive growth in profit was driven by a significant increase in revenue.

Revenue for Q4 FY25 stood at Rs 5.69 billion, marking a 97 per cent rise compared to the same period in FY24. Despite the robust earnings, the company's share price has seen a decline of over 21 per cent in the past year and currently trades at Rs 469.60.

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