In a stock exchange filing today, KPI Green said it has terminated the order from Sai Bandhan Infinium for a 66.20 MW hybrid power project over change in project technical requirement post receipt of order. The project, to be executed for captive consumption by Sai Bandhan Infinium, was set for completion by July 2025.
Under CPP category, KPI develops, transfers, operates and maintains grid-connected solar power projects for commercial and industrial customers and generates revenue by selling these projects to the customers for their self-consumption. It enters into a turnkey agreement with CPP customers, enabling them to use a common pool of its grid-connected land to generate solar power and evacuate power using the transmission line from solar plants to the nearest GETCO Substation.
Sai Bandhan Infinium (now known as Sai Infinium) is a Gujarat-based green ship recycling company in Alang, Gujarat. The company also has an integrated steel manufacturing plant at Bhavnagar.
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