GKENERGYNSEGK Energy LimitedLowNeutral
Announced Mon, 6 Jul · 13:18 IST

GK Energy wins Rs 235.92 Cr order for 10,000 solar pumps in Maharashtra

GKENERGY · price

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Price reaction · full curve 14 horizons · vs prior close
+6.0%1-day move
₹139.66
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₹143.55
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AI summary

GK Energy secured a Rs 235.92 crore order from MSEDCL to deploy 10,000 off-grid solar water pumping systems across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana. The scope covers design, supply, installation and commissioning of 3 HP, 5 HP, and 7.5 HP agricultural pumps, to be completed within 60 days. This brings total MSEDCL orders to Rs 637.83 crores. GK Energy has installed over 140,000 renewable energy systems and 617 MW capacity across 7,500 plus villages.

Likely market impact

Large order win strengthens near-term revenue visibility and reinforces GK Energy's role as a key solar irrigation partner for the Maharashtra government.