GK Energy wins LoA for 150 MW BESS project from Maharashtra discom

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

+5.5%Reaction day

₹119.90

prior close

₹125.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+5.7% vs market

Civil Construction peers, median of 99sector-0.2%+5.8% vs sector

On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 5.8 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

+1.4

15m

+1.6

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.5-0.1+5.7-0.2+5.8

Next day

+6.3+0.3+6.0-0.1+6.3

+6.2+1.6+4.6+0.5+5.6

+3.7+0.1+3.6-1.1+4.8

+3.4+0.3+3.1-1.1+4.5

+1.6-1.2+2.9-2.5+4.2

-0.1-0.5+0.4-3.3+3.2

15d

-8.9-2.2-6.7-3.3-5.6

-18.3-6.6-11.7-7.7-10.6

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

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 for setting up a 150 MW / 300 MWh Battery Energy Storage System in Maharashtra with VGF support. The project will generate recurring monthly revenue for 15 years at a tariff of Rs 2.38 lakh per MW per month, about Rs 42.84 crore per year excluding GST. Commissioning required within 18 months of signing the BESPA.

Likely market impact

Adds Rs 42.84 crore annual revenue for 15 years, strengthening earnings visibility; government order boosts growth credibility.