#### **Overview** **KP Green Engineering Limited (KPGE)** is the flagship industrial and engineering arm of the **KP Group**, a Gujarat-based diversified conglomerate founded in 1994 by **Dr. Faruk G. Patel**. Incorporated in 2001, KPGE specializes in the design, manufacturing, and supply of **galvanized steel structures and pre-engineered solutions** for high-growth infrastructure sectors, including renewable energy, power transmission, telecommunications, railways, and urban infrastructure. The company is publicly listed on the **BSE SME platform**, having raised ₹189.5 crore through its IPO in March 2024. With over 24 years of experience, KPGE has evolved from a galvanizing and fabrication unit into a **one-stop provider of integrated engineering solutions**, serving both internal group entities and a wide base of external clients across India and increasingly in international markets. --- #### **Core Business Segments & Product Portfolio** KP Green Engineering offers a **diversified portfolio of 22 product categories**, positioning itself as a key enabler of India’s clean energy and infrastructure transformation. Key products include: - **Renewable Energy Infrastructure**: - Solar mounting structures (fixed tilt, trackers) - Windmill lattice and tubular towers - Hybrid project components - **Power & Transmission**: - Transmission line towers (33 kV to 765 kV) - Substation structures, gantries, cable trays, earthing materials - High-voltage isolators/disconnectors (12–420 kV) - **Heavy Engineering & Infrastructure**: - Pre-Engineered Buildings (PEB) - Road Over Bridges (ROBs), Foot Over Bridges (FOBs), steel girders - Transmission monopoles, high-mast lighting poles, streetlight poles - Metal beam crash barriers, floor gratings - **Specialty & Emerging Products**: - Torque tube mills for solar trackers - Green hydrogen storage structures - Battery Energy Storage Systems (BESS) components KPGE is recognized as a **preferred vendor** by major utilities and government bodies, including **GETCO, BSNL, EIL, MAHATRANSCO, GNFC**, and various DISCOMs across Rajasthan, Punjab, Chhattisgarh, Bihar, and Karnataka. --- #### **Manufacturing Capacity & Infrastructure Expansion** KPGE is undergoing a transformative phase of expansion, anchored by the development of its **Greenfield manufacturing facility in Matar, Bharuch (Gujarat)**. - **Current Capacity (Nov 2025)**: - **310,500 MTPA** (metric tons per annum), operational across facilities in **Dabhasa (Vadodara), Kural, and Por**. - **Planned Capacity (by FY26)**: - **400,500 MTPA**, with the Matar facility adding **294,000 MTPA** to the existing base. - **Matar Facility Highlights**: - **45 acres** (~6.94 lakh sq. ft.) - House **Asia’s largest hot-dip galvanizing plant** (planned **90,000 MTPA**) - Equipped with **CNC lines, robotic welding, laser/plasma cutting, and roll-forming lines** - Fully operational in phases, with initial trial runs completed in FY26 - Supports new verticals: **PEB, heavy engineering, monopoles, high masts, and bridge structures** This expansion is fully funded via **IPO proceeds**, ensuring **zero debt burden** and strong margin stability despite significant CAPEX. --- #### **Strategic Initiatives & Growth Drivers** ##### **1. New Business Verticals (Launched 2025)** KPGE launched two new divisions in 2025: - **Pre-Engineered Buildings (PEB) & Heavy Engineering** – Already receiving commercial orders - **Monopole & High Mast** – Completed wind tunnel testing; commercial rollout imminent ##### **2. Entry into International Markets** - Secured **first export order** from a **U.S.-based solar tracker manufacturer** (GameChange Solar), valued at ₹23.02 crore - Targeting **Middle East, Africa, and South Korea** through strategic partnerships ##### **3. Green Energy & Future Tech Expansion** KPGE is a strategic enabler for the KP Group’s broader clean energy ambitions: - **Joint venture with AHES (Korea) and GH2 Solar (India)** for **green hydrogen and green ammonia** projects - Signed **MoUs for 100,000 TPA green ammonia plant** in Mehsana, Gujarat - Supporting **KP Group’s 10 GW renewable capacity target by 2030** - Developing **offshore wind tubular towers** and backward integration into **green hydrogen storage** ##### **4. EPC & Rooftop Solar Operations** - Awarded **5 MW rooftop solar EPC project** in Goa (MAHAPREIT) under a 30 MW state initiative - Offers **end-to-end services** including commissioning and 5-year O&M - Over **10.5 MW of rooftop solar installed** across industrial, commercial, and government sectors --- #### **Key Partnerships & Collaborations** - **Senvion India**: - Entered **framework agreement for 2 GW wind & hybrid projects** in India over 3 years - KPGE leads **site acquisition, permits, and BoP execution**; Senvion supplies turbines - **Delta Electronics India**: - Collaboration on **Battery Energy Storage Systems (BESS), EV charging, green hydrogen, and ammonia** - **AHES (Korea), GH2 Solar (India), Jeonbuk Province (South Korea)**: - MoUs for **cross-border green hydrogen projects, technology transfer, and joint development** --- #### **Financial & Operational Performance** - **Order Book (H1 FY26)**: **₹682 crore confirmed new orders**, building on ₹807 crore at FY25 close - **Revenue Growth (FY21–FY25)**: - **CAGR of 106%** in total income - **CAGR of 151%** in profit after tax (PAT) - **FY24 Financials**: - Revenue: ₹349.05 crore (+206% YoY) - EBITDA: ₹54.17 crore (+153% YoY) - PAT: ₹35.39 crore (+192% YoY) - **Capacity Utilization Target**: 60–70% at peak; long-term goal of **80–90% across 400,500 MTPA** --- #### **Market Position & Competitive Edge** - **Diversified client base**: ~70% external, 30% internal (supplies to **KP Energy** and **KPI Green Energy**) - **High customer concentration (top 10 = 79% revenue)** – indicative of strong, stable institutional relationships - **Operational Excellence**: - In-house R&D and engineering teams - Advanced automation, scrap minimization, and CNC/CNC angle lines - Proactive maintenance and workforce upskilling - **Certifications**: - ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 3834-2:2021 (Welding) - In-house **quality control laboratory**