GK Energy Secures Contract for Maharashtra State Electricity Distribution Company Limited Worth Rs 235.92 Crores
GK Energy Limited has secured a significant contract from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) involving the provision of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The agreement pertains to the supply and installation of 10,000 pumps for the entire state of Maharashtra under the Magel Tyala Saur Krushi Pump Yojana.The contract mandates GK Energy to undertake the complete process including the design, manufacturing, supply, transport, installation, testing, and commissioning of these systems. The project involves various pump capacities, specifically 3 HP, 5 HP, and 7.5 HP units.
Total value of this order amounts to Rs 235.92 Crores, which is inclusive of GST. GK Energy Limited has been granted a Letter of Empanelment (LoE) from MSEDCL. The execution period for the contract is set at within 60 days from the issuance of the Work Order or Notice to Proceed (NTP).
The details pertaining to this significant order are provided below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | Maharashtra State Electricity Distribution Company Limited |
| Nature of Contract | One time |
| Type of Order | Domestic |
| Scope of Work | Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) |
| Contract Value | Rs 235.92 Crores (Inclusive of GST) |
| Delivery Timeline | Within 60 days from the date of issuance of Work Order/Notice to Proceed (NTP) |
The contract is a one-time domestic order, and the promoter group has no stated interest in the entity that awarded the order.
GKENERGY Stock Price Movement
Shares of GK Energy Limited shed ₹1.01, settling at ₹139.64 after closing lower by 0.72% on Friday. The equity closed amid trading activity which accounted for a volume of 515,242 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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