GK Energy Secures ₹353.89 Crore Contract for Solar Pumping Systems in Maharashtra
GK Energy Limited has announced that it has received a Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contract involves supplying and installing Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across the state of Maharashtra.Under the initiative titled Magel Tyala Saur Krushi Pump Yojana, GK Energy Limited was awarded the contract for 15,000 pumps, encompassing models of 3 HP, 5 HP, and 7.5 HP.
The total value of the contract stands at Rs. 353.89 Crores, which includes GST. The company is slated to execute the full scope of work within 60 days from the issuance of a work order or Notice to Proceed (NTP).
Key details regarding the contract award are as follows:
| Particulars | Details |
|---|---|
| Awarding Entity | Maharashtra State Electricity Distribution Company Limited |
| Nature of Work | Design, Manufacture, Supply, Transport, Installation, Testing, and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) |
| Quantity of Pumps | 15,000 (3 HP, 5 HP, 7.5 HP) |
| Contract Value | Rs. 353.89 Crores (Inclusive of GST) |
| Execution Timeline | Within 60 days from the issuance of Work Order/NTP |
| Contract Type | One time (Domestic) |
GKENERGY Stock Price Movement
Shares of GK Energy Limited are edging higher to ₹134.98 as of 9:40 AM today, gaining 4.35% in live trading on the momentum of a ₹5.63 jump. The equity continues to attract substantial institutional interest, supported by a robust trading volume of 414,308 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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