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鈥檚 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鈥�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鈥檚 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.

Infrastructure Energy

01 Jul 2025

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman鈥檚 investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle鈥檚 growing footprint in international exploration and mining services. ..

Equipment

01 Jul 2025

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20鈥�25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Infrastructure Urban

01 Jul 2025

Amit Shah Inaugurates Key Projects Across Gujarat

Union 亚博体育官网首页 Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat鈥檚 Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..