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KPI Green Acquires 507.9 MW Wind Capacity in ₹2,410 Crore Deal; Stock Up 2537% in 5 Years.
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CNBC Awaaz•30-09-2026, 12:59
KPI Green Acquires 507.9 MW Wind Capacity in ₹2,410 Crore Deal; Stock Up 2537% in 5 Years.
- •KPI Green Energy has proposed to acquire 507.9 MW of operational wind power capacity in Gujarat.
- •The company will acquire a 100% stake in Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL) for an enterprise value of approximately ₹2,410 crore.
- •AEPL and NWPL collectively hold 507.9 MW of operational wind projects in the Bhuj Wind Corridor of Kutch, Gujarat.
- •Both companies sell power to the Solar Energy Corporation of India (SECI) under 25-year power purchase agreements, with approximately 21 years remaining.
- •Post-acquisition, KPI Green's installed IPP capacity will increase from 1.16 GW to approximately 1.67 GW, with expectations to exceed 2 GW by 2027.
Key Questions Answered
KPI Green Energy has signed a proposal to acquire a 100% stake in Alfanar Energy Private Limited and Netra Wind Private Limited for an enterprise value of approximately ₹2,410 crore.
The acquisition includes a total of 507.9 MW of operational wind power capacity located in the Bhuj Wind Corridor of Kutch, Gujarat, comprising 301.4 MW from Alfanar Energy and 206.5 MW from Netra Wind.
The transaction is expected to be completed by February 28, 2027, pending definitive agreements and regulatory, lender, and contractual approvals.
