NewsOrders & DealsGK Energy Limited Secures ₹276.93 Crore Solar Water Pumping Systems Order from MSEDCLGK Energy Limited Secures ₹276.93 Crore Solar Water Pumping Systems Order from MSEDCL
GK Energy Limited has received an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 10,000 off-grid DC solar photovoltaic water pumping systems. The order, valued at ₹276.93 crores including GST, covers design, manufacture, supply, installation, and commissioning of 3HP, 5HP, and 7.5HP pumps across Maharashtra. The project, part of the PM-Kusum B Scheme, must be completed within 60 days of the work order. The order quantity is subject to overall tender progress, with potential cancellation of remaining quantity once 100,000 units are reached in the tender.
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GK Energy Limited has secured a significant order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for solar water pumping systems under the PM-Kusum B Scheme. The company received an amendment Letter of Empanelment (LoE) for supplying 10,000 off-grid DC solar photovoltaic water pumping systems across Maharashtra state.
Order Details and Financial Impact
The comprehensive order encompasses the design, manufacture, supply, transport, installation, testing, and commissioning of solar water pumping systems. The financial parameters of this significant contract are outlined below:
| Parameter | Value |
|---|---|
| Base Order Value | ₹254.30 crores |
| Total Value (Inclusive of GST) | ₹276.93 crores |
| Number of Units | 10,000 pumps |
| Pump Capacities | 3HP, 5HP, 7.5HP |
| Coverage Area | Entire state of Maharashtra |
Technical Specifications and Scope
The order falls under the Magel Tyala Saur Krushi Pump Yojana/PM-Kusum B Scheme, focusing on off-grid DC solar photovoltaic water pumping systems. The project scope includes:
- Complete design and manufacturing of solar pumping systems
- Supply and transportation to designated locations
- Professional installation and testing services
- Comprehensive commissioning of all units
Execution Timeline and Conditions
MSEDCL has set specific execution parameters for this project. The installation must be completed within 60 days from the date of issuance of Notice to Proceed (NTP) or work order. However, the Letter of Empanelment includes a critical condition regarding quantity fulfillment.
| Execution Parameter | Details |
|---|---|
| Completion Timeline | 60 days from NTP/work order |
| Order Type | One-time contract |
| Awarding Entity | Domestic (MSEDCL) |
| Quantity Condition | Subject to tender progress |
Important Contractual Conditions
MSEDCL has highlighted a specific condition for vendors regarding the Letter of Empanelment quantity. The LoE quantity remains subject to tender quantity, with a provision that when the tender progress reaches 100,000 units, the balance LoE quantity will stand cancelled. This condition provides flexibility in project execution based on overall tender performance.
Corporate Governance and Compliance
The company has confirmed that this order does not involve any related party transactions and that promoters or group companies have no interest in the awarding entity. GK Energy Limited has made this disclosure in compliance with SEBI Listing Regulations, ensuring transparency in corporate communications and maintaining regulatory adherence.
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