GK Energy Limited has informed the exchange that the company has received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited for 15,000 Off-Grid Solar ....
GKENERGY · price
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GK Energy Ltd has received a Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 15,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana. The total contract value is Rs. 353.89 crore (inclusive of GST). The order covers 3HP, 5HP, and 7.5HP pumps across the entire state of Maharashtra. The company is required to execute the order within 60 days from the issuance of the Work Order/Notice to Proceed (NTP). This is a one-time domestic contract and is not a related party transaction.
This is a substantial government order worth Rs. 353.89 crore, which is likely to represent a significant portion of the company's annual revenue and should be positive for the stock, providing strong near-term revenue visibility.