GK Energy wins ₹235.92 Cr order from MSEDCL for solar pumps

GK Energy has secured a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra. The order, valued at ₹235.92 crore inclusive of GST, falls under the Magel Tyala Saur Krushi Pump Yojana and reinforces the company's position in the state's renewable energy infrastructure. The contract requires the design, manufacture, supply, transport, installation, testing, and commissioning of 3 HP, 5 HP, and 7.5 HP agricultural pumping systems.

Contract Details

The following table outlines the key parameters of the awarded contract:

Parameter:	Details
Contract Value:	₹235.92 crore
Client:	Maharashtra State Electricity Distribution Company Limited
Scope of Work:	Supply of 10,000 solar water pumps
Completion Timeline:	60 days

Key Highlights

Contract Value: ₹235.92 crore
Order Quantity: 10,000 solar water pumps
Awarding Authority: Maharashtra State Electricity Distribution Company Limited
Project Duration: 60 days

The project is to be executed within 60 days from the issuance of the Work Order or Notice to Proceed. GK Energy has commissioned over 617 MW of renewable energy capacity across more than 7,500 villages in India, demonstrating its extensive reach in the sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.64%	-3.16%	-9.31%	+13.20%	-20.23%	-20.23%

GK Energy Limited has secured an allotment for rooftop solar projects with a combined capacity of 10 MW, spread across 1150 locations. The total value of the order stands at ₹48.02 crores, inclusive of GST, underlining the company's growing footprint in the renewable energy space. The project must be executed within a period of 90 days from the allotment date.

Project Allocation Details

The key parameters of the allocation are summarised below:

Parameter	Details
Total Capacity	10 MW
Number of Sites	1150
Project Type	Rooftop Solar
Total Value	₹48.02 crores
Execution Period	Within 90 days

The order was awarded by a domestic distribution company. The nature of the contract is one-time, and the company confirmed that the order does not fall within related party transactions. There is no interest held by the promoter or group companies in the entity that awarded the order.

Significance of the Development

The allocation of 10 MW rooftop solar projects across 1150 sites reflects the scale and distributed nature of the assignment. With a total worth of ₹48.02 crores, this order adds to GK Energy Limited's project portfolio in the solar energy segment. Rooftop solar installations at such a scale typically involve deployment across multiple locations, indicating a broad operational scope for the company.