GK Energy bags Rs.254 Cr solar pump order from MSEDCL

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

+3.2%Reaction day

₹151.85

prior close

₹149.64

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+3.7% vs market

Civil Construction peers, median of 97sector-0.2%+3.4% vs sector

On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 3.4 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

+4.2

10m

+4.0

15m

+5.3

30m

+4.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.2-0.5+3.7-0.2+3.4

Next day

+1.1-1.1+2.1-1.0+2.1

-1.5-1.8+0.4-2.4+0.9

-4.5-1.9-2.6-2.0-2.5

-4.2-0.5-3.7-1.6-2.6

+1.7-0.3+2.0-0.7+2.4

+2.4+0.9+1.5-1.4+3.8

15d

-8.1-4.3-3.8-6.7-1.4

-24.1-9.3-14.8-13.6-10.5

-22.8-5.4-17.4-10.1-12.7

-33.8-13.7-20.0-24.3-9.4

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

GK Energy received an amendment Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 10,000 additional Off-Grid DC Solar Water Pumping Systems (3 HP, 5 HP, 7.5 HP) across Maharashtra under PM Kusum B Scheme. Total order value is Rs. 254.30 Crores (Rs. 276.93 Crores inclusive of GST). Installation must be completed within 60 days from issuance of work order. The order carries a condition that if overall tender progress reaches 1,00,000, the remaining balance LoE quantity stands cancelled.

Likely market impact

Large order boosts near-term revenue visibility, but conditional cancellation clause above 1 lakh tender volume caps upside risk.