GK Energy Secures Rs 48.02 Crore Order for Rooftop Solar Project with 10 MW Capacity
GK Energy Limited, formerly known as GK Energy Private Limited and GK Energy Marketers Private Limited, has secured a significant order for rooftop solar projects. The contract involves the installation of renewable energy systems valued at Rs 48.02 Crores (inclusive of GST).The order details include an allotment of 10 MW of Rooftop Solar Projects from a Distribution Company. This project is scheduled to be executed over 90 days and covers a proposed installation across 1150 locations.
The agreement specifies that the transaction will be conducted by a domestic entity, with the project designated as a one time commitment.
Key details regarding the order include:
| Particulars | Details |
|---|---|
| Order Issuer | Distribution Company |
| Contract Duration | Within 90 days |
| Project Scope | Installation of Solar Rooftop at 1150 locations |
| Total Value | Rs 48.02 Crores (Inclusive of GST) |
The company confirmed that the order does not represent a related party transaction, and its promoters or promoter group members have no interest in the awarding entity.
GKENERGY Stock Price Movement
As of 9:33 AM, shares of GK Energy Limited are edging higher to ₹139.69, gaining 1.30% as the stock trades actively on the live market. The equity has seen brisk morning volume of 91,904 shares and remains within its intraday range of ₹138.00 to ₹141.00.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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