KP Energy Secures 30MW Wind Power Project with GUVNL, Expanding IPP Capacity to 50MW

1) Ceinsys Tech Limited

• Business Overview – Incorporated in 1998, Ceinsys Tech Ltd provides Enterprise Geospatial & Engineering Services and sale of software and electricity.
• Recent Filings – Company received a letter of acceptance from CIDCO for a contract valued at ₹29.2 Cr. for implementing an integrated GIS enterprise, including drone surveys, GIS development, and two years of operations and maintenance, expected to be completed in 36 months​. This contract strengthens company’s foothold in public sector projects and opens doors for future government collaborations in similar high-tech infrastructure initiatives.
• Outlook –
  • Focus on GeoAI, Spatial Analytics, and AR/VR will enhance operational efficiency and optimize resources.
  • Expansion into the EV market and rising global ER&D spending (10.6% CAGR) position the company for rapid growth.
  • VTS acquisition and future M&A, backed by a $25-$27 million fundraise, signal aggressive growth in geospatial and engineering sectors.
  • 65%-70% of revenue comes from government tenders, with a strong 90% success rate.
• 2Y Price Chart –

2) Z-Tech Limited

• Business Overview – Z-Tech (India) specializes in delivering innovative and environmentally friendly engineering solutions across various sectors, including Sustainable Theme Park Development, Industrial Wastewater Management, and Geotechnical Specialized Solutions. Their offerings encompass everything from creating beautification artworks and infrastructure to converting waste materials into aesthetically appealing showpieces.
• Recent Filings – Company secured a ₹9.80 Cr. Build-Operate project from Pimpri Chinchwad Municipal Corporation for Bollywood Park, constituting 36% of this quarter’s total orders. With a 15-year concession period and a potential 5-year extension based on performance, this project reinforces the company’s commitment to high-value collaborations and future growth.
• Outlook –
  • A burgeoning middle class with a taste for entertainment is a key driver of growth of the Indian theme park market, which is expected to grow at a rate of 15%.
  • The Council on Energy, Environment, and Water (CEEW), in collaboration with the 2030 Water Resources Group, is working to enhance wastewater management in India and promote private investment in wastewater treatment plants. The industry is projected to grow to INR 14 Cr. by FY29.
  • India’s Geosynthetics Industry size is projected to reach ₹ 15,523.8 cr by 2033 at CAGR of 8.4%.
• Price Chart since listing –

3) K.P. Energy Limited

• Business Overview – KP Energy Limited (KPEL) is a wind power infrastructure developer, focusing on siting, land acquisition, and the EPCC of wind projects in Gujarat. It operates as an Independent Power Producer (IPP) with a growing portfolio of wind and solar assets, while also providing operations and maintenance services for wind farms.
• Recent Filings – Company has received the order to develop the 30MW wind power project under its IPP segment and sell the energy to GUVNL at the approved tariff of 2.43/- per unit for operational life of the project, scheduled to be completed in Q4 FY25. Execution of this project will expand company’s existing IPP capacity to approx. 50MW, which will lead to increase in profitability and revenue stream of the company.
• Outlook –
  • With the Indian government’s 54% increase in Wind Renewable Purchase Obligation (RPO) and 8 GW of annual bids, KPEL expects steady demand for its wind infrastructure services.
  • India’s growing renewable capacity, particularly the 3.2 GW added in 2023-24 and 2.3 GW in the first half of 2024, aligns with KPEL’s EPCC expertise.
  • The 13 GW of storage projects presents KPEL with opportunities to integrate energy storage solutions alongside its wind operations.
  • The rising demand from C&I consumers for renewable energy, driven by regulatory incentives and corporate climate commitments, will boost KPEL’s market.
• 2Y Price Chart –

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