GK Energy Limited has announced a new contract from the Maharashtra State Electricity Distribution Company Limited to deploy more than 13,000 off-grid solar water pumping systems across the state.
The award, valued at ₹366.63 crore including taxes, requires the company to complete design, supply, installation and commissioning activities within a defined 60-day period.
The award from MSEDCL covers 13,239 Off-Grid DC Solar Photovoltaic Water Pumping Systems of 3 HP, 5 HP and 7.5 HP capacities.
The project forms part of the Magel Tyala Saur Krushi Pump Yojana and the PM-KUSUM B Scheme, which aim to expand renewable-energy-based irrigation solutions for rural areas.
Under the contract, GK Energy will oversee the design, manufacturing, supply, delivery, installation, testing and commissioning of the solar pumping systems.
The company is expected to complete all work within 60 days from the issuance of the formal work order or Notice to Proceed.
MSEDCL, a domestic public-sector utility, has issued the contract on a one-time basis. GK Energy has clarified that neither its promoters nor related entities have any interest in the awarding organisation, and the transaction does not qualify as a related-party arrangement under SEBI provisions.
The total size of the order stands at ₹366.63 crore, inclusive of GST. The contract is expected to contribute to GK Energy’s operational pipeline in the short term, given its compressed completion timeline.
GK Energy’s equity shares were trading at ₹148.32, marking a rise of 2.73% from the previous close of ₹144.38.
Read More: JSW Energy Share Price in Focus: GQG Sells ₹677 Crore Stake — 3 Key Things Investors Should Watch.
The new order strengthens GK Energy’s ongoing participation in decentralised renewable energy initiatives in Maharashtra.
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Published on: Dec 11, 2025, 2:16 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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