IPO
Gujarat-based KPI Green Energy plans to raise up to $1-B through an infrastructure investment trust
Gujarat-based KPI Green Energy is planning to launch an infrastructure investment trust (InvIT) backed by operational renewable energy assets. The company aims to raise up to INR 10,000-Cr (USD 1.05-B).The company is targeting a launch for the InvIT around the end of fiscal year 2027-28. The proposed structure is intended to provide the company with access to long-term institutional capital, with several underlying projects already supported by long-term power purchase agreements with state-backed utilities.Founded as a solar and hybrid power generating company, KPI Green Energy develops, owns, and operates power plants as an independent power producer and as a service provider for captive power producers. The company plans to use the proposed InvIT to diversify its funding sources, support expansion plans, and monetize operational projects. The trust is expected to hold between 1.5 GW and 2 GW of operational solar, wind, and hybrid power assets.
For FY25, KPI Green Energy had reported about INR 1,592 Cr in Operating Income and about INR 252 Cr in PAT.
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