KPI Green to buy 508 MW wind assets for Rs 2,410 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓KPI Green will buy 508 MW wind assets for Rs 2,410 crore.
- ✓This deal takes the company’s total capacity to 1.6 GW.
- ✓CFO Kapil Kriplani said, "We got the deal at a very reasonable valuation." The transaction should close by February 28, 2027, helping the firm reach its long-term growth goals.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The acquisition will take KPI Green's total operating and under-development capacity to around 1.6 GW. The portfolio comprises 301.4 MW held by Alfanar Energy and 206.5 MW held by Netra Wind (NWPL), the company said.
The deal translates into an enterprise value of about Rs 4.8 crore per MW, compared with Rs 7.5-8 crore per MW that it would cost to set up a new wind project, according to KPI Green. "We got the deal at a very reasonable valuation. To set up 500 MW would be a cumbersome process and would have taken three years," KPI Green chief financial officer Kapil Kriplani told FE.
The enterprise value includes more than Rs 2,000 crore of debt, with the balance accounting for equity, Kriplani said. The transaction is expected to close by February 28, 2027.
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