GK Energy Share Price Gains Over 4%; Secures Contract for 15,000 Solar Water Pumps in Maharashtra

GK Energy Limited has announced a significant achievement by securing a Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company Limited.  

This contract involves the installation of 15,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra. 

Details of the Contract 

The contract, valued at ₹353.89 crore inclusive of GST, is part of the Magel Tyala Saur Krushi Pump Yojana.  

GK Energy is tasked with the design, manufacture, supply, transport, installation, testing, and commissioning of these solar water pumps.  

The pumps, with capacities of 3 HP, 5 HP, and 7.5 HP, are intended to enhance agricultural productivity in the region. 

Execution Timeline 

The project is set to be completed within a tight timeline of 60 days from the issuance of the Work Order or Notice to Proceed (NTP).  

This ambitious schedule underscores the company's commitment to delivering timely and efficient solutions. 

Significance of the Project 

This contract marks a pivotal moment for GK Energy as it strengthens its position in the renewable energy sector.  

The initiative aligns with the broader governmental push towards sustainable energy solutions, aiming to reduce reliance on conventional power sources. 

Read More: Afcons Infrastructure Share Price in Focus as Company Secures ₹373 Crore EPC Order in April! 

Company's Position and Interests 

GK Energy has clarified that neither the promoters nor the promoter group have any vested interest in the awarding entity, ensuring transparency and adherence to regulatory norms. 

Additionally, this contract does not fall under related party transactions. 

GK Energy Share Price Performance 

As of May 06, 2026, at 10:21 AM, GK Energy share price on NSE was trading at ₹134.59 up by 4.05% from the previous closing price. 

Conclusion 

GK Energy's acquisition of this contract for 15,000 solar water pumps in Maharashtra is a testament to its growing influence in the renewable energy sector. The project, valued at ₹353.89 crore, is a significant step towards sustainable agricultural practices in the state. 

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