Key Highlights
- GK Energy secured a ₹330.29 crore order from MSEDCL.
- The order covers 14,000 off-grid DC solar water pumping systems.
- Each solar water pump has a capacity of 5 HP.
- The project will be implemented across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana.
- The contract includes design, manufacturing, supply, transportation, installation, testing and commissioning.
- The order must be executed within 60 days from the issuance of the work order or Notice to Proceed.
- The total order value of ₹330.29 crore is inclusive of GST.
- The contract is a domestic, one-time order and is not a related-party transaction.
GK Energy Limited has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 14,000 off-grid DC solar photovoltaic water pumping systems across Maharashtra. The order is valued at ₹330.29 crore, inclusive of Goods and Services Tax (GST), according to the company’s stock exchange filing dated October 23, 2026.
The order covers 5 HP solar water pumping systems under the Magel Tyala Saur Krushi Pump Yojana in Maharashtra. Under the contract, GK Energy will undertake the design, manufacturing, supply, transportation, installation, testing and commissioning of the solar photovoltaic water pumping systems.
The total contract value stands at ₹330.29 crore, including GST. The company is required to execute the order within 60 days from the date of issuance of the work order or Notice to Proceed (NTP). The project covers the supply and commissioning of all 14,000 solar water pumping systems across the state.
According to the regulatory disclosure, the contract has been awarded by a domestic entity and is classified as a one-time order. GK Energy also confirmed that its promoters, promoter group and group companies do not have any interest in MSEDCL. The company stated that the contract does not fall under related-party transactions.
GK Energy disclosed the order under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The contract adds a ₹330.29 crore solar irrigation project to the company’s order portfolio, with execution scheduled within the specified 60-day period following the issuance of the work order or NTP.