Latest news about GK Energy
GK Energy
128.57
+0.52(+0.41%)
Company Performance:
View Company Insights1D+0.41%
1M-10.24%
6M+10.06%
1Y-23.35%
5Y-23.35%
More news about GK Energy
03Jul 26
GK Energy wins Rs 48.02 Cr order for 10 MW rooftop solar projects
GK Energy Limited has won a significant order worth ₹48.02 crores for the installation of 10 MW rooftop solar projects across 1150 locations. The project, awarded by a domestic distribution company, is a one-time contract requiring execution within 90 days. The company confirmed there are no related party transactions involved.
02Jul 26
GK Energy Aims For ₹3,000 Crore Revenue And 20% EBITDA Margin By FY27
GK Energy has announced targets to achieve ₹3,000 crore in revenue and a 20% EBITDA margin by FY27. The company's stated goals reflect a strategic focus on scaling top-line growth while improving profitability. These announcements signal GK Energy's ambitions for significant operational and financial expansion over the stated period.
20Jun 26
GK Energy management to attend GIA Flagship Conference on June 24
GK Energy Ltd management will attend the GIA Flagship Conference 2026 in Mumbai on June 24, 2026, for a physical group meeting with investors and analysts. The meeting, scheduled from 09:00 AM to 06:00 PM IST, will discuss the company's performance based on publicly available information without sharing unpublished price sensitive information.
20May 26
GK Energy PAT Rises 51% to ₹201.27 Cr in FY26
GK Energy Limited reported a 40% year-on-year increase in revenue to ₹1,532.54 crore for FY26, with Profit After Tax rising 51.10% to ₹201.27 crore. The company installed 276 MW of capacity during the year and ended with a net surplus cash of ₹240 crore. For FY27, management targets doubling revenue to ₹3,000 crore, driven by pump installations and rooftop solar expansion.
10May 26
GK Energy Shareholders Approve Appointment of Independent Director via Postal Ballot
GK Energy Limited confirmed the passage of a Special Resolution on May 09, 2026, appointing Mr. Subhash Vasant Ghaisas (DIN: 11479724) as Non-Executive Independent Director for a five-year term from February 13, 2026 to February 12, 2031. Of 177082274 votes polled (87.3112% of outstanding shares), 177082037 votes (99.9999%) were cast in favour, with no invalid votes recorded. The process was scrutinized by Practicing Company Secretary Avanti Rajwade and e-voting was facilitated by MUFG Intime India Private Limited.
06May 26
GK Energy Secures ₹353.89 Crore MSEDCL Empanelment for 15,000 Solar Water Pumping Systems
GK Energy Limited has received a Letter of Empanelment from MSEDCL valued at ₹353.89 Crores (inclusive of GST) for the supply and commissioning of 15,000 off-grid DC solar photovoltaic water pumping systems across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana scheme. The one-time domestic order covers 3 HP, 5 HP, and 7.5 HP pump variants and must be executed within 60 days of Work Order or NTP issuance.
10Apr 26
GK Energy Limited Issues Postal Ballot Notice for Director Appointment
GK Energy Limited has issued a postal ballot notice seeking shareholder approval for appointing Mr. Subhash Vasant Ghaisas as Non-Executive Independent Director for a five-year term. The company completed regulatory compliance by submitting newspaper advertisement copies published in Financial Express and Loksatta on April 09, 2026, and also submitted SEBI compliance certificates for Q4FY26.
28Mar 26
GK Energy Director Acquires 25,000 Equity Shares Worth Rs. 24.61 Lakh
GK Energy Limited disclosed that Director Susheel Dwarkadas Bhandari purchased 25,000 equity shares worth Rs. 24,60,750 through on-market transaction on BSE on March 27, 2026. Following this acquisition, the director now holds 0.012% shareholding in the company. The disclosure was made in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and has been published on the company's website.
14Mar 26
GK Energy Limited Reconstitutes Board Committees with New Leadership Structure
GK Energy Limited has reconstituted three key board committees effective March 14, 2026, following Board approval. The Stakeholders Relationship Committee will be chaired by Mrs. Pooja Pawan Chandak, the Corporate Social Responsibility Committee by Mr. Navaniit Narayandas Mandhaani, and the Executive Committee by Mr. Gopal Kabra. The restructuring ensures balanced representation across independent, non-executive, and executive directors while maintaining compliance with SEBI regulations.
14Mar 26
GK Energy Limited Appoints Ramawatar Suresh Laddad as Assistant General Manager – Accounts
GK Energy Limited has appointed Mr. Ramawatar Suresh Laddad as Assistant General Manager – Accounts and Senior Management Personnel, effective April 01, 2026. The Board of Directors approved the appointment on March 14, 2026, based on the Nomination and Remuneration Committee's recommendation. Mr. Laddad is a qualified Chartered Accountant with over 5 years of experience in accounting, audit, taxation and financial management, including expertise in internal audits of listed companies, GST compliances, tax audits and financial reporting.
14Mar 26
GK Energy Limited Appoints Shubham Suresh Jain as Company Secretary
GK Energy Limited has appointed Mr. Shubham Suresh Jain as Company Secretary and Compliance Officer effective March 16, 2026, following board approval on March 14, 2026. The ICSI Associate Member brings extensive experience in corporate laws, governance, and SEBI compliances from his previous roles at Shree Refrigerations Limited and other organizations. The company also made additional senior management appointments and established authorization frameworks for regulatory compliance.
05Mar 26
GK Energy Limited GST search concludes with ₹7.36 crore tax demand from Maharashtra authorities
GK Energy Limited disclosed the conclusion of GST search proceedings by Maharashtra State Tax Department, which commenced on February 27, 2026 and concluded on March 04, 2026. The authorities raised demands totaling ₹7.36 crore across three violation categories: ₹4.75 crore for disallowance of input tax credit on IPO expenses, ₹1.65 crore for reversal of input tax credit on sundry creditors outstanding beyond 180 days, and ₹0.96 crore for disallowance under blocked credit provisions. The company stated it will exercise available legal remedies under GST law.
27Feb 26
GK Energy Limited Announces Resignation of Independent Director Mrs. Chandra Iyengar
GK Energy Limited announced the resignation of Independent Director Mrs. Chandra Iyengar (DIN: 02821294), effective February 26, 2026, due to personal commitments. She will also cease membership in the Stakeholders Relationship Committee and Corporate Social Responsibility Committee. The Board expressed appreciation for her contributions during her tenure.
16Feb 26
GK Energy Shares Investor Presentation for Q3FY26 Results Under Regulation 30
GK Energy Limited has shared its investor presentation with stock exchanges following strong Q3FY26 results, showcasing 41.22% growth in solar pump installations and robust financial performance. The company reported net profit growth of 57.70% and maintains a strong order book of ₹803.24 crores while expanding into rooftop solar systems.
14Feb 26
GK Energy Limited Appoints Professor Subhash Ghaisas as Independent Director
GK Energy Limited appointed Professor Subhash Vasant Ghaisas as Additional Non-Executive Independent Director for a five-year term from February 13, 2026 to February 12, 2031, subject to shareholder approval. Professor Ghaisas brings over four decades of experience in solar energy and semiconductor physics research, having served as Director of the School of Energy Studies at Savitribai Phule Pune University and currently working as a Visiting Professor at DIAT, Pune. The appointment was approved by the Board of Directors based on the Nomination and Remuneration Committee's recommendation and complies with all SEBI regulatory requirements.
13Feb 26
GK Energy Limited Reports IPO Proceeds Utilization for Quarter Ended December 31, 2025
GK Energy Limited has utilized Rs.292.32 crore from its Rs.400.00 crore IPO proceeds during Q3 FY26, with Rs.242.56 crore deployed for working capital, Rs.30.25 crore for general corporate purposes, and Rs.19.51 crore for issue expenses. The monitoring agency report by CARE Ratings shows no deviations from stated objectives, with Rs.36.16 crore remaining in fixed deposits and bank balances.
04Feb 26
GK Energy Limited Receives Credit Rating Upgrade from CARE Ratings
GK Energy Limited received upgraded credit ratings from CARE Ratings Limited for bank facilities worth ₹300.00 crore. The rating agency assigned CARE BBB+; Stable/CARE A2 for long-term/short-term facilities of ₹235.00 crore and CARE A2 for short-term facilities of ₹65.00 crore. The facilities are distributed across Bank of Baroda, HDFC Bank, ICICI Bank, and Indian Overseas Bank, with various sublimits for cash credit, working capital loans, and guarantees. The company informed stock exchanges on February 04, 2026, complying with SEBI regulations.
03Feb 26
GK Energy Limited Expands Into Retail Solar Rooftop Systems EPC Segment
GK Energy Limited has strategically expanded into the Retail Solar Rooftop System EPC segment, transitioning from a solar pump-focused company to an integrated Solar EPC enterprise. The expansion leverages the company's existing infrastructure including 1,000+ trained personnel, 15+ warehouses, and lakhs of existing customers, while benefiting from favorable policy support through increased budget allocation of ₹22,000 crore for PM Surya Ghar Muft Bijli Yojana.
24Dec 25
GK Energy and Saatvik Green Energy Anchor Lock-ins End Today, Both Trading Below IPO Prices
The three-month anchor lock-in period ends for GK Energy Limited and Saatvik Green Energy, potentially increasing share supply. GK Energy will release about 5 million shares (2% of outstanding), while Saatvik Green Energy will release 3 million shares. Both companies, which went public on September 26, have seen significant price declines from their peaks. GK Energy is trading at ₹151.85, down 37% from its peak, while Saatvik Green Energy has declined 33% from its peak and is 18% below its issue price.
24Dec 25
GK 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.
24Dec 25
GK Energy Limited Secures Two Major Contracts Worth ₹530 Crores
GK Energy Limited has won two significant infrastructure development contracts with a combined value of ₹530 crores. This acquisition strengthens the company's project portfolio and demonstrates its competitive position in the market. The contracts are expected to provide a solid foundation for future revenue generation.
12Dec 25
GK Energy Limited Receives Credit Rating Upgrades Across All Bank Facilities
GK Energy Limited received comprehensive credit rating upgrades from Infomerics Valuation and Rating Ltd on December 12, 2025, with long-term bank facilities upgraded to IVR BBB+/Stable and short-term facilities to IVR A2. The upgrades reflect exceptional revenue growth of 166% to ₹1,094.83 crores in FY25, improved EBITDA margins of 18.30%, and a strong order book of ₹863.98 crores as of September 30, 2025. The company's financial profile strengthened significantly following IPO proceeds of ₹500 crores, enhancing liquidity and capital structure for future growth in the solar energy sector.
11Dec 25
GK Energy Limited Secures ₹366.63 Crore Solar Pump Contract from Maharashtra
GK Energy Limited has received a Letter of Award from Maharashtra State Electricity Distribution Company for supplying 13,239 off-grid DC solar pump systems worth ₹366.63 crores under the PM Kusum B Scheme. The project covers the entire state of Maharashtra with systems of 3HP, 5HP, and 7.5HP capacities, requiring completion within 60 days of work order issuance.
10Dec 25
GK Energy Limited Announces Senior Management Personnel Resignation
GK Energy Limited announced the resignation of Mr. Prashant M. Jadhav, Assistant General Manager - Installation and Commissioning, effective December 25, 2025. The senior management personnel cited pursuit of new challenges and opportunities as the reason for departure. The company has complied with SEBI listing regulations by informing stock exchanges about this leadership change.
22Nov 25
GK Energy Reports Strong Q2 Results with 51.75% Revenue Growth
GK Energy Limited announced robust financial results for Q2 and H1 2023. The company's core EPC business revenue increased by 51.75% year-over-year to ₹636.82 crores in H1, with EBITDA growing 65.07% to ₹132.04 crores. Q2 saw consolidated net profit rise to ₹369.00 million from ₹169.00 million year-over-year, while revenue increased to ₹2.95 billion from ₹1.50 billion. The company's order book stands at ₹863.98 crores. The Board of Directors approved Q1 financial results in a meeting held on October 10.
17Nov 25
GK Energy Reports 50.77% Growth in Solar Pump Installations, Maintains Strong Order Book
GK Energy Limited, India's largest EPC provider for solar-powered agricultural water pump systems, reported significant growth for H1FY26. The company installed 24,502 solar-powered pump systems, a 50.77% increase from H1FY25. Consolidated revenue reached ₹728.83 crores, with an EBITDA margin of 18.34% and PAT margin of 11.56%. The company maintains an order book of ₹863.98 crores for solar pumps and rooftop systems. GK Energy acquired 25 acres for a new manufacturing facility and entered an agreement for 875 MW SPV DCR Cells procurement. The Indian solar pump market shows growth potential, supported by government initiatives and economic benefits for farmers.
01Nov 25
GK Energy Limited Secures 875 MW Solar Cell Supply Agreement with Domestic Manufacturer
GK Energy Limited has signed a definitive agreement with a leading domestic manufacturer for 875 MW of Solar Photovoltaic (PV) Cells under the Domestic Content Requirement (DCR) category. The order includes 450 MW of Mono PERC Solar Cells and 425 MW of Topcon Solar Cells, with deliveries scheduled up to March 31, 2027. This procurement aligns with India's Make-in-India initiative and renewable energy policies, supporting GK Energy's ongoing and upcoming solar projects across multiple states in India.
13Oct 25
GK Energy's Q2 Profit Soars 118% as Revenue Nearly Doubles
GK Energy has posted impressive Q2 financial results, showcasing significant growth across key metrics. Net profit more than doubled to ₹369.00 million, marking a 118.3% year-over-year increase. Revenue nearly doubled to ₹2.95 billion, up 96.7%. EBITDA rose by 119.4% to ₹566.00 million, with the EBITDA margin expanding to 19.17%. These results demonstrate GK Energy's strong market performance and operational efficiency.
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