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KP Group inks pact with Raz Holding Group
Aug-24-2026

KP Group has signed a Non-Binding Letter of Intent (LOI) with Raz Holding Group, one of the Kingdom of Saudi Arabia's leading diversified conglomerates. The LOI records Raz Holding Group's intention to make a strategic investment and/or collaboration with KP Group and/or one or more of its operating entities. The LOI contemplates that the proposed strategic investment and/or collaboration may be effected by acquisition/acquisitions, capital infusion or collaboration with the final structure, instrument, and valuation to be mutually agreed between the parties following completion of due diligence.

For KP Group, this LOI reflect growing international investor interest in India's clean-energy sector and in the Group's portfolio across Solar and Wind IPP, EPC, transmission and manufacturing, together with its emerging positions in battery energy storage systems, cell manufacturing, O&M services and green hydrogen.

The LOI is non-binding in its entirety and does not create any obligation on either party to proceed with or complete the proposed strategic investment and/or collaboration. Any binding commitment will arise solely upon the execution of definitive agreements. The parties intend to work towards definitive agreements within an exclusivity period of 90 days from the date of the LOI, which remains valid until November 18, 2026 unless extended by mutual written agreement.

KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers. The company is a part of KP Group.

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