Kp Green Engineering Limited · BSE:KPGEL
Kp Green Engineering — Investor Presentation (September 2026)
65 slides from Kp Green Engineering's investor presentation, Sep 30, 2026
Slide 1: Submission of Investor Presentation to BSE
KPGE/MAT/SEP/2026/152 Date: September 30, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 544150 Sub.: Submission of Investor Presentation – KP 3.0 Unleashed Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listi
Slide 2: KP Group | Investor Day
KP GROUP | INVESTOR DAY September 30, 2026 Khavda Site
Slide 3: Safe Harbour
Safe Harbour No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the
Slide 4: Agenda
Agenda 1 The KP Group | An Overview 6 Sun Drops Energia | BESS Assembly Prof. Sunil Kumar Maheshwari, Vice Chairman and Cell Manufacturing Mr. Erez Schreiber, CEO - Battery Energy Storage Systems 2 The Business Model and Execution 7 Renewable Energy Landscape & Mr. Rajesh Shrivastava, Whole-Time Dir
Slide 5: Prof. Sunil Maheshwari
The KP Group | An Overview Prof. Sunil Maheshwari VICE CHAIRMAN A distinguished management scholar, former civil servant and policy advisor with deep experience across leadership, strategy and organizational transformation. Fellow (Ph.D), IIM Ahmedabad; B.Tech, IIT Delhi INSTITUTIONAL ACADEMIC MULTI
Slide 6: KP 1.0 | 1994 – 2019
KP 1.0 | 1994 – 2019 A journey of diversification, capability-building and the emergence of a listed renewable energy platform FOUNDING | 1994 – 2008 DIVERSIFICATION | 2008 – 2013 BUILDING SCALE AND MARKET PRESENCE | 2013 – 2019 1994 2008 2013 Feb 2016 Jan 2019 Founded in Surat KPI Global Infrastruc
Slide 7: KP 2.0 | 2020 – 2026
KP 2.0 | 2020 – 2026 The transition to an integrated developer, backed by public markets and growth capital STEPPING UP | 2021 – 2023 CAPITAL & CAPABILITY | 2024 ACCELERATION & EXPANSION | 2025 – 2026 July 2021 April 2022 Mar 2024 Nov 2024 Mar 2026 KPI Global → Main KPI Global → KPI Green KP Green E
Slide 8: The KP Group Ecosystem
The KP Group Ecosystem Our companies strengthen each other, while standing on their own in the market An integrated renewable energy ecosystem Unlocking group synergies KP Energy Provides Lattice/Tubular Maximizing value addition and reach to wider Tower for Wind Turbines and Power Evacuation WIND E
Slide 9: The Strength Of The Group
The Strength Of The Group End-to-end capabilities across the renewable energy value chain, built in-house at scale Present across the entire value chain — all in-house Land Evacuation Manufacturing Build Own & Operate (EPC) (IPP & O&M) ~12,104 Acres* 5.10 GW# 400,500 MTPA 6.4 GW 2.8 GW Land Power Ev
Slide 10: Mr. Rajesh Shrivastava
The Business Model & Execution Mr. Rajesh Shrivastava WHOLE -TIME DIRECTOR A seasoned business leader with nearly four decades across the Power, Infrastructure and Renewable Energy sectors | Associated with 30+ of power projects spanning fossil and renewables | Gold Medalist in Civil Engineering | M
Slide 11: KPI Green Energy: Double Engine Business Model
KPI Green Energy: Double Engine Business Model The EPC + IPP combination unlocks long-term value EPC Capital Efficient INTERNAL IPP (BOO Model) Long Term PPA Backed Engineering, Procurement & Construction | Building EQUITY POOL Independent Power Producer | Utility-Scale Solar, renewable energy plant
Slide 12: KP Energy: Business Model
KP Energy: Business Model Complementary businesses — building and servicing wind & hybrid infrastructure, end to end One of India's leading Wind EPC players EPC O&M End-to-end EPC execution for utility-scale wind and wind-solar hybrid — delivered turnkey for Keeps the installed Wind & Balance-of-Pla
Slide 13: 9.2 GWp Renewable Portfolio
9.2 GWp Renewable Portfolio Diversified across IPP and EPC, and across solar, wind, hybrid and storage Total Portfolio by Technology Entity wise capacity As on 30th-June-26 (In GW) As on 30th-June-26 (In GWp) 10.67 9.21 KPI Green Energy KP Energy 7.86 1.46 EPC done by KP Energy for KPI Green 6.40 6.
Slide 14: Capacity Ramp-up
Capacity Ramp-up Accelerating Capacity Build-Out Across the Renewable Energy Platform IPP Segment (GWp) EPC Segment (GWp) Total Portfolio (GWp) 71% 6.94 GWp KPI Green Energy 87% 4.37 GWp 4.06 GWp 5.07 49% 2.57 GWp 2.34 GWp 3.47 1.72 GWp 1.60 3.04 1.82 1.22 1.87 0.97 0.90 1.02 0.50 0.52 Jun-25 Jun-26
Slide 15: Integrated Project Management Capability
Integrated Project Management Capability VisiLean · Primavera P6 — one integrated schedule, one source of truth, updated live from site Single source of truth · At the click of a mouse · On a real-time basis · Integrated functions · Interdependent activities · Critical path & analysis VISILEAN · POR
Slide 16: Arena of Engineering Capabilities Related to Renewable Energy Projects
Arena of Engineering Capabilities Related to Renewable Energy Projects – The Brain Behind • Value Engineering • New Technology • Faster Execution • Continuous Learning & Improvement Geotech & Wind Erosion Study - Solar Projects Grid / System Study Integrated Control Architecture for Solar, Wind & BE
Slide 17: Floating Solar: A Key Growth Driver
Floating Solar: A Key Growth Driver Leveraging India’s large reservoir base to unlock scalable, land-efficient solar capacity Floating Solar – Unlocking Large-Scale Opportunities India’s large reservoir base provides a significant opportunity for floating solar, offering scalability, higher land eff
Slide 18: Impact Analysis of KPI Green IPP Portfolio
Impact Analysis of KPI Green IPP Portfolio IPP Portfolio: Impact at Full Run-Rate ~140 Mn ~9 Bn ~2.5+ Mn Trees Planted Annually Litres Water Tonnes CO2 That’s roughly the same as Saved Annually Saved Annually planting a forest larger than Water that a coal plant of That’s like taking 550,000+ entire
Slide 19: Mr. Sohil Dabhoya
Powering Growth through Scale and Execution Mr. Sohil Dabhoya WHOLE-TIME DIRECTOR Over two decades with the KP Group, with experience spanning business development, project execution, operations and cross-functional leadership | MBA, Sikkim Manipal University 20+ YEARS CROSS- LARGE-SCALE BUSINESS FU
Slide 20: From Gujarat Strength to National Reach
From Gujarat Strength to National Reach A proven operating platform expanding across high-potential renewable-energy market GUJARAT | OUR HOME MARKET Rajasthan KPI Green Energy A STRONG BASE FOR GROWTH • NTPC REL · 650 MWp Solar BoS • NACOF Oorja · 550 1 102 4 04 MWp Solar EPC Bikaner 5 2 DGVCL MGVC
Slide 21: Unit Generation from Owned IPP Assets
Unit Generation from Owned IPP Assets Renewable generation scaling across both companies KPI Green Energy (Cr. Kwh) KP Energy (Cr. Kwh) 41.0 Already crossed 68% of FY26 generation 27.9 24.9 9.5 21.3 3.9 3.2 2.5 FY24 FY25 FY26 Q1 FY27 FY24 FY25 FY26 Q1 FY27 Khavda Site Speaker : Mr. Sohil Dabhoya [ 2
Slide 22: 2.82 GWp Total IPP Portfolio
Capacity Ramp Up Scaling utility-scale IPP into long-tenor, contracted annuity earnings 1.01 GWp Commissioned 1.81 GWp Under Execution 2.82* GWp Total IPP Portfolio COMMISSIONED KPI Green Energy 240 MWp GUVNL Solar 240 MWp 92 MWp GUVNL Hybrid 92 MWp 187 MWp C&I / Kusum Solar / Hybrid 187 MWp KP Ener
Slide 23: Core Strengths
Core Strengths Structural strengths underpinning durable, visible growth Integrated • Integrated Solution with Land and Connectivity Project Readiness • Robust CTU/STU Connectivity Network Faster Execution • In-house Manufacturing of Solar & Wind Support Backward Structures, Towers and PSS Inte
Slide 24: Our Esteemed Clientele
COMPANY OVERVIEW Our Esteemed Clientele Trusted by leading utilities, public sector enterprises, and blue-chip corporates across India GUVNL DGVCL MAHAGENCO NTPC SJVN Indian Air Adani Green Aditya Birla Larsen & Turbo Coal India Limited Force Energy Renewable Energy Limited Gujarat Zydus Lifescience
Slide 25: Engineering and Manufacturing at Scale
Engineering and Manufacturing at Scale [ 24 ]
Slide 26: A Proven Engineering Platform
A Proven Engineering Platform Engineering the infrastructure that powers India’s growth SCALE & BUSINESS VISIBILITY MANUFACTURING CAPACITY MANUFACTURING FOOTPRINT REACH PRODUCT BREADTH ORDER BOOK 4,00,500 ~55 16+ ~23 ~₹1,831 MTPA Acres States Products Cr* Total Installed Manufacturing Manufacturing
Slide 27: Engineering today for a Brighter Tomorrow
Engineering today for a Brighter Tomorrow Speaker : Mr. Moinul Kadva [ 26 ]
Slide 28: End-to-End Expertise
End-to-End Expertise Design, precision engineering, galvanizing and on-site delivery – all under one roof • In-house design & engineering 01 Engineering & Design • 3D modelling & simulation CONCEPT TO CONFIDENCE INTEGRATED CAPABILITIES IDEAS THAT BUILD TOMORROW • Value engineering & optimization Eng
Slide 29: Dr. Faruk G. Patel
KP 3.0 | The Next Chapter Dr. Faruk G. Patel C H A I R M A N & M A N A G I NG D I R E C T O R Founder and promoter of KP Group, who has led the Group's evolution from its entrepreneurial beginnings into a multi-business platform. He continues to provide strategic direction as the Group enters its ne
Slide 30: KP 3.0 Unleashed
KP 3.0 Unleashed Three scaled platforms. One defining ambition OUR COMMITTED TARGETS BY FY32 BATTERY OWNED EPC ENERGY GENERATION STORAGE 10GWp 10GWp 10GWh Third Party EPC End-to-end facility: Cell IPP by KPI Green going forward (excluding related Manufacturing to BESS Energy party) Assembly Speaker
Slide 31: Mr. Erez Schreiber
Sun Drops Energia - BESS Assembly & Cell Manufacturing Mr. Erez Schreiber CEO – BESS A battery and energy-storage technologist leading KP Group’s Energy Storage vertical | Founder of 3D Battery and former head of Elbit Systems’ Energy & Power department | Building the group’s BESS and manufacturing
Slide 32: Gujarat hosts our largest integrated energy-solution campus
Gujarat hosts our largest integrated energy-solution campus Total Size Transportation of goods Lines consumptions • Land - 110 acers combines • About 30 containers 20’ per day • Total power – 95MW • BESS assembly line - 2,500 m2 • 10 empty containers for BESS assembly • About 200GWh/year • Cell asse
Slide 33: ~2,090 GWh of demand builds by 2035
~2,090 GWh of demand builds by 2035 — the market behind the roadmap THE NEED <5% ~7 TWh/yr of cells consumed in India Global battery demand are made in India by 2035 EXPORT OPPORTUNITY India can emerge as a China+1 base for global BESS supply chains DEMAND BY SECTOR, 2035 (GWH/YR) EV Batteries Grid
Slide 34: What is BESS
What is BESS A battery energy storage system charges from solar power or the grid and releases power when it is needed Speaker : Mr. Erez Schreiber [ 33 ]
Slide 35: Owning the Loop
Owning the Loop We own the whole cycle – recipes, cells, systems and software – and the cell is where the margin sits THE CASE FOR THE 01 Margin 02 Supply security CELL The cell is 55% of the 90%+ of Indian BESS cells Powder & container cost. Making it come from China. FX, electrode moves gross marg
Slide 36: One Gujarat Campus: 10 GWh Integrated
One Gujarat Campus: 10 GWh Integrated Power to the System Scaling from pilot production to 10 GWh each across BESS Assembly and Cell Manufacturing An energy-solution production company — cutting-edge technology, exceptional production capability, and full vertical integration: from powder VISION to
Slide 37: Execution Timeline
Execution Timeline Design is engaged, the BESS line is ordered and the team is hired EXECUTION Committed / ordered In progress Planned 2027 2028 2029 2030 Plant design Engaged Civil works Construction BESS line Ordered · SOP Apr 2027 BESS 24 PPM 5 GWh/yr Cell line Install · SOP 2028 Cell 10 GWh Full
Slide 38: Where BESS fits in India
Where BESS fits in India Six C&I sectors scored on load profile, savings, backup needs and payback to focus sales targeting Speaker : Mr. Erez Schreiber [ 37 ]
Slide 39: Five Chemistries, Eight Markets
Five Chemistries, Eight Markets Beyond BESS – no dependence on any one technology or any customers Chemistry Roadmap Target Revenue Mix 2027 2028 2029 2030 2031 2032+ LFP · 314 / 576 Ah · grid, C&I, telecom Utility-scale BESS 30% In production 2027 Industrial 18% NMC · silicon anode · drones, defenc
Slide 40: Mr. Affan Patel
Renewable Energy Landscape & Beyond Mr. Affan Patel WHOLE-TIME DIRECTOR An Electrical Engineer leading operations and business development at KP Energy – Gujarat’s leading wind solutions provider – with a proactive, relationship-driven approach to growth across the Renewable landscape ELECTRICAL WIN
Slide 41: India's Electricity Demand is growing strongly
India’s Electricity Demand is growing strongly Peak Electricity Demand (GW) ~93% 2019 → 2032 ~42% 2019 → 2026 366 270 190 2019 2026 2032 Speaker : Mr. Affan Patel [ 40 ]
Slide 42: What is driving India's Electricity Demand?
What is driving India’s Electricity Demand? Economic growth, electrification and new power-intensive sectors are structurally expanding demand. A structural, multi-year expansion India electricity demand: ~6.4% annual growth through 2030 across industry, homes, mobility and digital 1. Industrializat
Slide 43: How India's Electricity Demand is Being Met
How India’s Electricity Demand is Being Met Fossil fuels continue to provide the majority of generation, while non-fossil sources are rapidly increasing their contribution India’s Electricity Generation Mix (FY26) ~71% 29% ~29% Fossil Fuel Non-Fossil ~1,950 BU Total Electricity Coal | Lignite | Gas
Slide 44: India's 2030 Renewable Energy Opportunity
India’s 2030 Renewable Energy Opportunity Significant capacity addition will be required to reach 500 of non-fossil capacity by 2030 Capacity Addition Requirement to 2030 500 GW 283 GW 217 GW Non-fossil capacity target by Additional capacity required Installed as of Mar-2026 2030 (FY27–FY30) Equival
Slide 45: Power Trading: A Strategic Lever
Power Trading: A Strategic Lever Monetising generation and capturing market opportunities through our CERC and GERC trading licences Power Trading – Monetising Generation and Market Opportunities Our CERC and GERC trading licences enable us to participate in short-term and long-term power markets, m
Slide 46: Mr. Hassan Patel
Global Expansion & Green Hydrogen Mr. Hassan Patel WHOLE-TIME DIRECTOR A second-generation entrepreneur leading KP Group's International Business, Green Hydrogen, Investor Relations & Governance, Human Resources, and Corporate PR. With a strong entrepreneurial mindset, he is focused on shaping the G
Slide 47: Why Global, Why Now
Why Global, Why Now Record capital flow into clean energy, structural demand identified across multiple international markets What is driving demand $3.4 Tn Estimated capital 665 Mn people live 692 of renewable $26.5 Bn committed by International Development flow in global energy without electricity
Slide 48: Expanding Our Footprint
Expanding Our Footprint Leveraging our Indian experience to establish presence across Africa and GCC INDIA | HOME BASE 9.2+ GWp 4+ LTPA Renewable energy portfolio Manufacturing capacity AFRICA 4 1 Botswana 2 Zambia 1 • Developing 5 RE power and Supporting local RE developer as associated power infra
Slide 49: From First Megawatt to National Network
From First Megawatt to National Network Building an integrated Green Hydrogen platform across production, mobility and strategic corridors Green EV and H2 Fuel Station • LoA for 2 and LoI for 3 stations from ARAI 6 500 Green EV and H₂ Fuel Stations across key transport corridors (Vision) • VGF secur
Slide 50: KPI Green Hydrogen and Ammonia Private Limited
KPI Green Hydrogen and Ammonia Private Limited* Positioning for growth across the emerging Green Hydrogen value chain Key highlights ~50 Specialist team — IIT & 10 Patents filed in green H2 17 MoUs with state 31 NDAs enabling IIM grads, CAs, domain governments, and major technology transfer and — ef
Slide 51: Mr. Kapil Kriplani
KP 3.0 | Governance and the Financial Engine Mr. Kapil Kriplani GROUP CHIEF FINANCIAL OFFICER | CA & CFA A financial leader with over two decades across corporate finance, treasury and capital markets, and deep expertise in strategic planning, global taxation and investor relations $20bn+ 21+ years
Slide 52: You spoke. We listened. We acted.
Governance Commitments from KP Group KEY ACTIONS TAKEN IN RESPONSE TO INVESTOR FEEDBACK Re-aligning the business structure to improve You spoke. transparency and shareholder understanding Providing a clear pathway for release of Promoter’s pledged shares We listened. Aligning Promoter’s royalty comp
Slide 53: Realignment of Business Structure (1/3)
Realignment of Business Structure (1/3) COMPLETED STRATEGIC EVALUATION OF GROUP BUSINESSES We have undertaken a strategic realignment of our business structure, INVESTOR FEEDBACK establishing clear operating boundaries between various companies, thereby enhancing transparency, accountability and inv
Slide 54: Realignment of Business Structure (2/3)
Realignment of Business Structure (2/3) Who does what: one company per segment and project size Business Segment Up to 50 MW Above 50 MW Solar Sun Drops Energia KPI Green Energy Lead Solar Hybrid / FDRE / RTC Sun Drops Energia KPI Green Energy Solar component > 50% Wind portion → KP Energy Wind port
Slide 55: Realignment of Business Structure (3/3)
Realignment of Business Structure (3/3) Sharper focus, clearer accountability across the Group EPC IPP KPI Green Energy will Solar FDRE / RTC serve as KP Group’s IPP- KPI Green Solar Lead* Solar Hybrid / FDRE Solar Wind focused platform, while Energy >50 MW / RTC >50 MW Wind Solar Wind executing Sol
Slide 56: Clear Pathway for release of Promoter's pledged shares
Clear Pathway for release of Promoter’s pledged shares TARGET: MARCH 2027 HOW IT CAME ABOUT 1 2 INVESTOR FEEDBACK Creation of Pledge Expansion & Rollover 45% of the promoter shares in KPI Green Energy Limited has been under pledge • Created in 2019 as debt • Original debt was fully repaid; collatera
Slide 57: Aligning Promoter's royalty compensation
Aligning Promoter’s royalty compensation CEILING AFFIXED Instituted an upper cap on royalty payments, ensuring that outflows remain INVESTOR FEEDBACK capped irrespective of revenue growth The Chairman Dr. Faruk G Patel draws a royalty of 2.00% p.a. on the revenue COMPANY MAXIMUM ROYALTY^ generated 2
Slide 58: Aligning assurance standards in line with expanding scale
Aligning assurance standards in line with expanding scale COMPLETED BEFORE NOW Since inception, the financials of the KP We have appointed BDO to act as INVESTOR FEEDBACK Group companies were audited by statutory auditors for all three listed competent but local chartered companies accountancy firms
Slide 59: Institutionalising Board and Management Strength
Institutionalising Board and Management Strength COMPLETED Leadership depth Experienced leaders inducted to the STRENGTHENING GOVERNANCE Board, strengthening management bandwidth Investors sought a stronger Board with deeper management bandwidth to support governance, strategic execution and Clear o
Slide 60: At a Glance - Five Concerns, Five Clear Responses
At a Glance - Five Concerns, Five Clear Responses AREA WHAT YOU TOLD US WHAT WE ARE DOING STATUS Realignment of business Overlapping businesses across Strategic realignment to enhance transparency, 01 Completed structure group companies accountability and investor understanding Promotes shares pledg
Slide 61: A track record of consistent performance
A track record of consistent performance We have recorded exceptional growth across all our P/L items… Revenue EBITDA PAT 2,742 1,006 509 27x 16x 36x Rs. Crore Rs. Crore Rs. Crore 1506 1250 21x 32x 181 328 249 136 17x 30x 42x 68x 104 73 64 39 19 6 14 6 2 KPI Green KP Energy KP Gr. Engg. KPI Green KP
Slide 62: Strong Balance Sheet Discipline with Healthy D/E Ratios
Strong Balance Sheet Discipline with Healthy D/E Ratios …while remaining thoughtful about our capital allocation Debt Equity Ratio KPI Green Energy KP Energy KP Green Engineering 0.73 0.74 1.16 1.00 0.54 0.57 0.29 0.33 0.14 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 A(Stable)^ AA +(CE)* A- (Stable
Slide 63: Generating Meaningful Returns for our Stakeholders
Generating Meaningful Returns for our Stakeholders Earnings Earnings per per Share Share (Cons.) Return Return on Equity on Equity (Cons.) KPI Green Energy KP Energy KP Green Engineering 27.07 27.15 24.13 36.96% 34.73% 34.73% 22.68% 19.34% 12.13 18.77% 31.62% 13.19% 5.45 17.25% 0.44 KPI Green KP Ene
Slide 64: KP 3.0 | The Financial Engine
KP 3.0 | The Financial Engine Debt targets and revenue guidance up till FY32 L E V E R A G E & G R O W T H TA R G E T S | FY28–FY32 25% Revenue CAGR guidance across each company Up till FY32 KPI Green Energy Sun Drops Energia KP Energy Limited KP Green Engineering CONSOL · EXCL. SUN DROPS Limited Li
Slide 65: Q&A
Since 1994 www.kpgroup.co Q&A [«]
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