GK Energy bags order worth Rs 366.63 Cr from MSEDCL for solar water pumps

Govt Defence OrderBusiness Updates View source PDF Explain this filing

GKENERGY · price

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Price reactionminutes from the announcement price · days from the prior close

+3.7%Reaction day

₹144.38

prior close

₹145.53

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+3.3% vs market

Civil Construction peers, median of 96sector+0.8%+2.9% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 2.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.6

10m

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15m

-0.1

30m

+1.5

Sessions after the filingfrom the prior close

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Reaction day

+3.7+0.4+3.3+0.8+2.9

Next day

+9.7+0.7+9.0+1.4+8.2

+15.0+1.2+13.8+2.1+12.9

+16.3+0.6+15.7+0.9+15.4

+11.0-0.3+11.4-0.1+11.1

+5.6-0.7+6.2-0.9+6.5

+10.7+2.0+8.7+1.7+9.0

15d

+12.3+2.7+9.6+2.4+9.9

+0.2-2.3+2.5-4.3+4.5

-20.2+0.6-20.8-3.8-16.4

-23.3-8.3-15.1-12.9-10.4

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GK Energy received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 13,239 Off-Grid DC Solar Photovoltaic Water Pumping Systems of 3 HP, 5 HP, and 7.5 HP across Maharashtra under the PM-KUSUM B Scheme. Total order value is about Rs 366.63 Crores inclusive of GST, to be executed within 60 days of work order issuance. Scope covers design, manufacture, supply, transport, installation, testing, and commissioning.

Likely market impact

Large government order from MSEDCL under PM-KUSUM B scheme boosts order book. Tight 60-day execution window needs quick delivery.