KP Group Boosts Growth With Green Bond

BTTV’s Aastha Chopra spoke with Faruk G Patel, Chairman and MD of KP Group, about the company’s milestone of issuing its first green bond in India. Patel highlighted that KP Group, which began its renewable journey in 2008, is now close to achieving 10 gigawatts of capacity, contributing to India’s 2030 target of 500 gigawatts. The green bond issue of ₹670 crore, backed by entities like Aashim Infra, Jio Finance and SBI Cap, carries a coupon rate of 8.5 percent with a five-year tenure. Patel said the move will attract large institutional investors while enabling KP Group to expand across states such as Maharashtra, Rajasthan, Karnataka, Odisha and Madhya Pradesh. He added that global markets will also be tapped to support the capital-intensive renewable sector.