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KPI Green Energy Limited has entered into a binding offer to acquire 100% of the equity and equity-like instruments of Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL) for an enterprise value of approximately ₹2,410 crore.

The proposed acquisition will add 507.9 MW of operational wind power capacity to KPI Green Energy’s portfolio. AEPL owns 301.4 MW of wind capacity, while NWPL holds 206.5 MW. The assets are located in Bhuj, Gujarat, within the Kutch wind corridor.

Both portfolios are operational and revenue-generating, with long-term Power Purchase Agreements (PPAs) signed with the Solar Energy Corporation of India (SECI). The AEPL projects were commissioned in March 2021, while the NWPL projects were commissioned in March 2024. The combined portfolio has approximately 21 years of remaining contracted life on a capacity-weighted basis.

The acquisition represents KPI Green Energy’s first large-scale acquisition in the wind energy segment. Upon completion, the company’s installed Independent Power Producer (IPP) capacity is expected to increase from approximately 1.16 GW to around 1.67 GW. KPI Green Energy expects to cross 2 GW of installed IPP capacity by the end of 2026.

The transaction remains subject to the execution of definitive agreements and customary conditions precedent, including lender, contractual and regulatory approvals. The transaction is expected to be completed by February 28, 2027.

According to KPI Green Energy, the acquisition will strengthen its presence in Gujarat’s Kutch wind corridor and expand its portfolio of operational renewable energy assets backed by long-term contracted revenues.

The move comes as KPI Green Energy continues to expand its renewable energy portfolio across solar, wind and hybrid projects. The company recently secured a ₹2,025 crore turnkey order for a 500 MW/550 MWp solar PV project in Rajasthan, further adding to its project pipeline.

KPI Green Energy Limited has entered into a binding offer to acquire 100% of the equity and equity-like instruments of Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL) for an enterprise value of approximately ₹2,410 crore.

The proposed acquisition will add 507.9 MW of operational wind power capacity to KPI Green Energy’s portfolio. AEPL owns 301.4 MW of wind capacity, while NWPL holds 206.5 MW. The assets are located in Bhuj, Gujarat, within the Kutch wind corridor.

Both portfolios are operational and revenue-generating, with long-term Power Purchase Agreements (PPAs) signed with the Solar Energy Corporation of India (SECI). The AEPL projects were commissioned in March 2021, while the NWPL projects were commissioned in March 2024. The combined portfolio has approximately 21 years of remaining contracted life on a capacity-weighted basis.

The acquisition represents KPI Green Energy’s first large-scale acquisition in the wind energy segment. Upon completion, the company’s installed Independent Power Producer (IPP) capacity is expected to increase from approximately 1.16 GW to around 1.67 GW. KPI Green Energy expects to cross 2 GW of installed IPP capacity by the end of 2026.

The transaction remains subject to the execution of definitive agreements and customary conditions precedent, including lender, contractual and regulatory approvals. The transaction is expected to be completed by February 28, 2027.

According to KPI Green Energy, the acquisition will strengthen its presence in Gujarat’s Kutch wind corridor and expand its portfolio of operational renewable energy assets backed by long-term contracted revenues.

The move comes as KPI Green Energy continues to expand its renewable energy portfolio across solar, wind and hybrid projects. The company recently secured a ₹2,025 crore turnkey order for a 500 MW/550 MWp solar PV project in Rajasthan, further adding to its project pipeline.

KPI Green Energy Limited has entered into a binding offer to acquire 100% of the equity and equity-like instruments of Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL) for an enterprise value of approximately ₹2,410 crore.

The proposed acquisition will add 507.9 MW of operational wind power capacity to KPI Green Energy’s portfolio. AEPL owns 301.4 MW of wind capacity, while NWPL holds 206.5 MW. The assets are located in Bhuj, Gujarat, within the Kutch wind corridor.

Both portfolios are operational and revenue-generating, with long-term Power Purchase Agreements (PPAs) signed with the Solar Energy Corporation of India (SECI). The AEPL projects were commissioned in March 2021, while the NWPL projects were commissioned in March 2024. The combined portfolio has approximately 21 years of remaining contracted life on a capacity-weighted basis.

The acquisition represents KPI Green Energy’s first large-scale acquisition in the wind energy segment. Upon completion, the company’s installed Independent Power Producer (IPP) capacity is expected to increase from approximately 1.16 GW to around 1.67 GW. KPI Green Energy expects to cross 2 GW of installed IPP capacity by the end of 2026.

The transaction remains subject to the execution of definitive agreements and customary conditions precedent, including lender, contractual and regulatory approvals. The transaction is expected to be completed by February 28, 2027.

According to KPI Green Energy, the acquisition will strengthen its presence in Gujarat’s Kutch wind corridor and expand its portfolio of operational renewable energy assets backed by long-term contracted revenues.

The move comes as KPI Green Energy continues to expand its renewable energy portfolio across solar, wind and hybrid projects. The company recently secured a ₹2,025 crore turnkey order for a 500 MW/550 MWp solar PV project in Rajasthan, further adding to its project pipeline.

KPI Green Energy Limited has entered into a binding offer to acquire 100% of the equity and equity-like instruments of Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL) for an enterprise value of approximately ₹2,410 crore.

The proposed acquisition will add 507.9 MW of operational wind power capacity to KPI Green Energy’s portfolio. AEPL owns 301.4 MW of wind capacity, while NWPL holds 206.5 MW. The assets are located in Bhuj, Gujarat, within the Kutch wind corridor.

Both portfolios are operational and revenue-generating, with long-term Power Purchase Agreements (PPAs) signed with the Solar Energy Corporation of India (SECI). The AEPL projects were commissioned in March 2021, while the NWPL projects were commissioned in March 2024. The combined portfolio has approximately 21 years of remaining contracted life on a capacity-weighted basis.

The acquisition represents KPI Green Energy’s first large-scale acquisition in the wind energy segment. Upon completion, the company’s installed Independent Power Producer (IPP) capacity is expected to increase from approximately 1.16 GW to around 1.67 GW. KPI Green Energy expects to cross 2 GW of installed IPP capacity by the end of 2026.

The transaction remains subject to the execution of definitive agreements and customary conditions precedent, including lender, contractual and regulatory approvals. The transaction is expected to be completed by February 28, 2027.

According to KPI Green Energy, the acquisition will strengthen its presence in Gujarat’s Kutch wind corridor and expand its portfolio of operational renewable energy assets backed by long-term contracted revenues.

The move comes as KPI Green Energy continues to expand its renewable energy portfolio across solar, wind and hybrid projects. The company recently secured a ₹2,025 crore turnkey order for a 500 MW/550 MWp solar PV project in Rajasthan, further adding to its project pipeline.

JBM Auto Limited, the leading Indian automotive and electric mobility company, has strengthened its leadership in the country’s electric bus market, registering the highest number of electric buses in September 2026 with 274 registrations and commanding a 33% market share, according to data from the Vahan portal.

The company also maintained its market leadership during H1FY26-27, registering 892 electric buses between April and September 2026, translating into a market share of approximately 24%. During the same period, the Indian electric bus market recorded 3,771 registrations. JBM Auto’s sustained leadership follows its strong performance in FY26, when the company recorded the highest electric bus registrations in the country.

The continued momentum underscores the strength of JBM’s integrated electric mobility ecosystem, execution capabilities and growing adoption of its electric bus solutions across public and institutional transport.

Speaking on the milestone, Mr. Nishant Arya, Vice Chairman & MD, JBM Auto, said, ” Our continued leadership in India’s electric bus market is a true reflection of the scale, depth and execution strength of the ecosystem we have built over the years. Our purpose-built born EV solutions offer innovation, efficiency, safety and a passenger first approach. Aligned to out Net Zero 2040 commitment, our vision is to make every day travel cleaner, smarter and more accessible for people across the country.”

JBM Auto operates the world’s largest dedicated integrated electric bus manufacturing facility outside China, located in the NCR region, with an annual manufacturing capacity of 20,000 buses.

The facility integrates design, engineering, testing, validation and manufacturing capabilities, enabling JBM to develop and deploy electric mobility solutions at scale. JBM electric buses have, to date, covered over 450 million e-kilometres, serving over 2 billion passengers and contributed to avoid over 1 billion kilograms of CO2 emissions.

These milestones reflect the company’s growing contribution to India’s transition towards zero-emission public transportation and its vision of enabling cleaner mobility.

JBM Auto Limited, the leading Indian automotive and electric mobility company, has strengthened its leadership in the country’s electric bus market, registering the highest number of electric buses in September 2026 with 274 registrations and commanding a 33% market share, according to data from the Vahan portal.

The company also maintained its market leadership during H1FY26-27, registering 892 electric buses between April and September 2026, translating into a market share of approximately 24%. During the same period, the Indian electric bus market recorded 3,771 registrations. JBM Auto’s sustained leadership follows its strong performance in FY26, when the company recorded the highest electric bus registrations in the country.

The continued momentum underscores the strength of JBM’s integrated electric mobility ecosystem, execution capabilities and growing adoption of its electric bus solutions across public and institutional transport.

Speaking on the milestone, Mr. Nishant Arya, Vice Chairman & MD, JBM Auto, said, ” Our continued leadership in India’s electric bus market is a true reflection of the scale, depth and execution strength of the ecosystem we have built over the years. Our purpose-built born EV solutions offer innovation, efficiency, safety and a passenger first approach. Aligned to out Net Zero 2040 commitment, our vision is to make every day travel cleaner, smarter and more accessible for people across the country.”

JBM Auto operates the world’s largest dedicated integrated electric bus manufacturing facility outside China, located in the NCR region, with an annual manufacturing capacity of 20,000 buses.

The facility integrates design, engineering, testing, validation and manufacturing capabilities, enabling JBM to develop and deploy electric mobility solutions at scale. JBM electric buses have, to date, covered over 450 million e-kilometres, serving over 2 billion passengers and contributed to avoid over 1 billion kilograms of CO2 emissions.

These milestones reflect the company’s growing contribution to India’s transition towards zero-emission public transportation and its vision of enabling cleaner mobility.

JBM Auto Limited, the leading Indian automotive and electric mobility company, has strengthened its leadership in the country’s electric bus market, registering the highest number of electric buses in September 2026 with 274 registrations and commanding a 33% market share, according to data from the Vahan portal.

The company also maintained its market leadership during H1FY26-27, registering 892 electric buses between April and September 2026, translating into a market share of approximately 24%. During the same period, the Indian electric bus market recorded 3,771 registrations. JBM Auto’s sustained leadership follows its strong performance in FY26, when the company recorded the highest electric bus registrations in the country.

The continued momentum underscores the strength of JBM’s integrated electric mobility ecosystem, execution capabilities and growing adoption of its electric bus solutions across public and institutional transport.

Speaking on the milestone, Mr. Nishant Arya, Vice Chairman & MD, JBM Auto, said, ” Our continued leadership in India’s electric bus market is a true reflection of the scale, depth and execution strength of the ecosystem we have built over the years. Our purpose-built born EV solutions offer innovation, efficiency, safety and a passenger first approach. Aligned to out Net Zero 2040 commitment, our vision is to make every day travel cleaner, smarter and more accessible for people across the country.”

JBM Auto operates the world’s largest dedicated integrated electric bus manufacturing facility outside China, located in the NCR region, with an annual manufacturing capacity of 20,000 buses.

The facility integrates design, engineering, testing, validation and manufacturing capabilities, enabling JBM to develop and deploy electric mobility solutions at scale. JBM electric buses have, to date, covered over 450 million e-kilometres, serving over 2 billion passengers and contributed to avoid over 1 billion kilograms of CO2 emissions.

These milestones reflect the company’s growing contribution to India’s transition towards zero-emission public transportation and its vision of enabling cleaner mobility.

Bondada Engineering Limited has exchanged a Memorandum of Understanding (MoU) with the Government of Maharashtra for the development of renewable energy projects in the state under the Invest Maharashtra initiative.

The MoU was exchanged in the presence of Maharashtra Chief Minister Devendra Fadnavis and Dr. Bondada Raghavendra Rao, Chairman and Managing Director, Bondada Engineering.

Under the proposed collaboration, Bondada Engineering plans to develop renewable energy projects with a capacity of up to 1 GW in Maharashtra. The initiative is also expected to have the potential to create around 800 direct employment opportunities.

The proposed investment will focus on strengthening renewable energy infrastructure in Maharashtra and supporting the state’s clean energy development. The initiative aligns with Maharashtra’s broader efforts to attract investments across renewable energy, clean technology and other emerging sectors.

The company said the MoU reflects Bondada Group’s commitment to supporting Maharashtra’s economic growth through clean energy infrastructure, sustainable investment and employment generation.

The collaboration also adds to Bondada Engineering’s growing renewable energy portfolio. The company has been expanding its presence in solar EPC and renewable energy projects across India, with its Solar EPC business covering project design, engineering, procurement, construction and commissioning.

Through the Invest Maharashtra initiative, the state government is seeking to facilitate investments by coordinating requirements related to land, power, infrastructure, approvals and skilled manpower. The initiative includes proposed investments across sectors such as renewable energy, semiconductors, data centres, advanced manufacturing and other industries.

The proposed 1 GW renewable energy development by Bondada Engineering is expected to contribute to Maharashtra’s clean energy capacity while creating opportunities for employment and supporting the state’s transition towards a more sustainable energy ecosystem.