KP Group plans ₹4,000 crore Sun Drops Energia IPO as storage becomes core growth bet
KP Group plans a ₹4,000-crore IPO for Sun Drops Energia within the next 10-12 months, aiming to enhance its renewable energy and battery storage capabilities. This IPO will establish the group's fourth listed entity, focusing on a strategy to achieve 10 GW of renewable capacity and 10 GWh of battery storage by FY32. The offering is part of KP Group's broader roadmap for growth in the renewable sector.