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)

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

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

+4.5%Reaction day

₹129.85

prior close

₹130.05

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+2.9% vs market

Civil Construction peers, median of 100sector+0.8%+3.7% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.7 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 100Pending

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

AI summary

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.

Likely market impact

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.