K.P. Energy Limited – Investor Presentation Summary

Key Operational Highlights

  • Total renewable portfolio of 9.2 GWp diversified across IPP and EPC, and across solar, wind, hybrid and storage
  • Commissioned IPP capacity: 1.01 GWp (KPI Green Energy: 519 MWp, KP Energy: 49 MWp)
  • Under execution IPP capacity: 1.81 GWp
  • Total IPP portfolio: 2.82 GWp (as of June 30, 2026)
  • Integrated project management capability using VisiLean and Primavera P6 systems for real-time project tracking
  • Key drivers: Double engine business model (EPC + IPP), end-to-end execution capabilities, in-house engineering

Segment-wise Performance

  • KPI Green Energy commissioned capacity: 240 MWp GUVNL Solar, 92 MWp GUVNL Hybrid, 187 MWp C&I/Kusum Solar/Hybrid
  • KP Energy commissioned capacity: 49 MWp C&I Wind/Hybrid
  • KPI Green Energy phased commissioning: 677 MWp GUVNL Hybrid (194.7 MWp commissioned, 482.7 MWp remaining), 350 MWp GUVNL Solar (251.1 MWp commissioned, 98.9 MWp remaining)
  • KPI Green Energy under execution: 150 MW GUVNL Wind (PPA signed, financial closure achieved), 565 MW GUVNL BESS (2 projects, BESPA executed, financial closure under process), 300 MW SJVN Wind (PPA signing under process)
  • KP Energy under execution: 100 MW GUVNL Wind (PPA signed, financial closure under process), 100 MW SECI Wind (PPA signed, financial closure under process)

Financial Highlights

Not specified in the presentation

Geographical Revenue Split

Not specified in the presentation

Balance Sheet Snapshot

Not specified in the presentation

Capex & Cash Flow Health

  • Planning 10 GWh integrated BESS assembly and cell manufacturing facility in Gujarat
  • Facility includes: 2,500 m² BESS assembly line, 3,500 m² cell assembly line, 6-floor administration building, 4 floors R&D with 50 MWh pilot line
  • Total power requirement: 95 MW
  • Water requirement: 240,000 m³ industrial water annually
  • NMP recovery: 7,500 metric tons per annum

Strategic & R&D Initiatives

  • KP 3.0 strategy focusing on three scaled platforms with clear business realignment
  • BESS business vertical with five chemistries and eight target markets (no single vertical above 30% of revenue)
  • Floating solar identified as key growth driver leveraging India's 102 GW reservoir potential
  • Global expansion plans focusing on Africa and GCC regions
  • Green hydrogen platform development across production, mobility and strategic corridors
  • Power trading capabilities through CERC and GERC trading licenses

Industry Trends & Business Environment

  • India's electricity demand growing strongly due to economic growth, electrification and new power-intensive sectors
  • Non-fossil sources account for over 50% of installed capacity but contribute only ~29% of actual electricity generation
  • Significant capacity addition required to reach 500 GW non-fossil capacity by 2030
  • BESS demand projection: FY27 35 GWh, FY32 236 GWh, 2047 1,840 GWh (CEA National Electricity Plan 2023)

Management Commentary & Growth Outlook

  • Business structure realignment: Clear operating boundaries between companies (Sun Drops Energia for projects up to 50 MW, KPI Green Energy/KP Energy for larger projects)
  • FY28-FY32 guidance: 25% Revenue CAGR across each company
  • Debt targets: KPI Green Energy (excl. Sun Drops) ≤4.0x Debt/Equity till FY32; Sun Drops Energia ≤3.0x Debt/Equity till FY32; KP Energy ≤2.5x Debt/Equity till FY28, ≤2.0x till FY32; KP Green Engineering ≤2.5x Debt/Equity till FY28, ≤2.0x till FY32
  • Governance improvements: Transition to BDO as statutory auditor for all three listed companies for FY27-32; Royalty caps implemented (KPI Green Energy: 2% of revenue or Rs. 175 crore; KP Energy: 2% of revenue or Rs. 100 crore; KP Green Engineering: 2% of revenue or Rs. 75 crore)
  • Promoter pledge release pathway: SBI to approve cancellation of pledge by March 2027