• KP 3.0 targets: The group is targeting 30 GW of total capacity by 2032, split evenly across 10 GW of Independent Power Producer (IPP) capacity, 10 GW of third-party EPC, and 10 GW of Battery Energy Storage Systems.
• IPP geographic footprint: To reach the 10 GW IPP target, KPI Green Energy plans to develop 7 to 8 GW in India and 2 to 3 GW internationally, supported by an existing 5 GW commitment in Botswana alongside footprints in Zambia, Tanzania, and the UAE.
• Bhuj wind acquisition: KPI Green acquired 507.9 MW of operational SECI-linked wind assets from Alfanar for an enterprise value of ~₹2,410 crore, comprising ₹2,040 crore in assumed debt and ₹380 crore in equity funded via preponed promoter warrant payments, adding over ₹400 crore to topline.
• Profitability and margins: Growth toward FY27 will be heavily driven by an expanding IPP portfolio, which delivers an EBITDA margin of around 85% and is expected to be funded through bank facilities and internal accruals without equity dilution.