GK Energy Limited has informed the Exchange that Company has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 15,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps under Magel Tyala Saur Krushi Pump Yojana. The total value of order is Rs. 353.89 Crores (inclusive of GST)
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GK Energy Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supply and installation of 15,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS). The order falls under the Maharashtra government's Magel Tyala Saur Krushi Pump Yojana, a scheme aimed at providing solar-powered water pumps to farmers. The total order value is Rs. 353.89 crores, inclusive of GST. This is a significant government order in the agricultural solar energy segment.
This order represents a substantial contract win for GK Energy, providing revenue visibility and strengthening its position in the off-grid solar pump market. The large order size from a state government utility could positively impact near-term financials and investor sentiment.