GK Energy Secures Rs. 366 Crore Solar Pump Contract in Maharashtra
Filing Summary
GK Energy Ltd has received a Letter of Empanelment/Letter of Award from Maharashtra State Electricity Distribution Company Limited. The contract involves the supply and installation of 13,239 Off-Grid DC Solar Photovoltaic Water Pumping Systems across Maharashtra. The total contract value is approximately Rs. 366 Crores, inclusive of GST. The project is to be completed within 60 days from the issuance of the work order. This contract does not involve any related party transactions, and there is no promoter interest in the awarding entity.
On December 11, 2025, GK Energy Ltd announced the receipt of a Letter of Empanelment/Letter of Award from Maharashtra State Electricity Distribution Company Limited. The contract pertains to the design, manufacture, supply, transport, installation, testing, and commissioning of 13,239 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) in Maharashtra. The systems will include pumps of 3 HP, 5 HP, and 7.5 HP capacities.
The total value of the contract is approximately Rs. 366 Crores, inclusive of GST. The project is scheduled for completion within 60 days from the issuance of the Notice to Proceed (NTP) or work order from the circle office. This contract is categorized as a one-time domestic order.
According to the filing, there are no related party transactions involved in this contract, and neither the promoter nor the promoter group has any interest in the awarding entity. The details of the contract are disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure is available on the company’s website. The filing also confirms that the order was awarded by a domestic entity, emphasizing the local nature of the project.
Maharashtra State Electricity Distribution Company Limited is a key player in the distribution of electricity across Maharashtra. The company focuses on enhancing the state’s energy infrastructure and promoting sustainable energy solutions.
GK Energy Ltd specializes in renewable energy solutions, focusing on solar energy projects. The company aims to expand its footprint in the renewable energy sector by securing contracts that align with its strategic priorities in sustainable energy development.