KPI Green offers Rs 2,410 crore for 508 MW wind assets

KPI Green Energy Limited shares fell 3.72% on October 1, 2026, even after the company announced a binding offer to acquire 507.9 MW of wind power assets for Rs 2,410 crore. The renewable energy company entered a binding agreement to acquire 100% stakes in Alfanar Energy and Netra Wind, which together operate wind projects of 301.4 MW and 206.5 MW capacity in Gujarat, at a combined enterprise value of Rs 2,410 crore. The deal would meaningfully expand KPI Green's wind power portfolio once completed. The stock falling on the day of a large acquisition announcement suggests the market is weighing near-term concerns, likely funding and integration, over the long-term capacity addition the deal brings. This kind of reaction is common when a sizeable all-cash or debt-funded deal is announced without clarity on how it will be financed. On the chart, Rs 339, today's low, is the first support, with the broader 52-week low of Rs 272 as the level further out. Rs 363, today's high, is the nearest resistance. The things to track from here are the deal financing structure once disclosed, and the expected completion timeline for the acquisition. Disclosure: Palash Kag, Proprietor, Sarathi Research, SEBI Reg. No. INH000012740. No position held in KPI Green Energy Limited as on date. Views are educational and informational only, not financial advice or a recommendation to buy, sell or hold any security.