GK Energy Limited has secured a ₹235.92 crore (inclusive of GST) order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to deploy 10,000 Off-Grid DC Solar-powered Water Pumping Systems (SPWPS) across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana, as per the exchange filings.
The project includes the design, manufacturing, supply, transportation, installation, testing, and commissioning of the solar-powered agricultural pumping systems.
The order includes the installation of 3 HP, 5 HP, and 7.5 HP solar-powered pumps to expand solar-based irrigation infrastructure across the state.
According to the company, the initiative aims to provide farmers with reliable and sustainable energy for irrigation while reducing dependence on conventional power sources.
With this contract, GK Energy's cumulative orders from MSEDCL have reached ₹637.83 crore, inclusive of GST.
The company said the latest project reinforces its long-standing association with the state utility and its participation in Maharashtra's renewable energy initiatives.
It also noted that government programmes such as the Magel Tyala Saur Krushi Pump Yojana are driving wider adoption of decentralised renewable energy in agriculture.
The project is scheduled to be completed within 60 days from the issuance of the Work Order/Notice to Proceed (NTP).
As of March 2026, GK Energy had installed more than 1.4 lakh renewable energy systems, commissioned over 617 MW of renewable energy capacity and expanded its operations across 7,500+ villages in India.
Commenting on the development, Chairman & Managing Director Gopal Kabra said, "Our strength lies in combining deep rural market understanding with robust execution capabilities."
He added that expanding clean energy access for agriculture is about "empowering farmers with reliable infrastructure that supports productivity, sustainability and long-term resilience."
Read More: Shakti Pumps Share Price Surges Over 4%; Secures ₹353.89 Crore MSEDCL Solar Pump Order!
As of 06 July 2026, at 1:45 PM, GK Energy Ltd share price was trading at ₹144.49 per share, reflecting a surge of 3.4% from the previous trading session.
The order covers the deployment of 10,000 solar-powered water pumping systems across Maharashtra under a state-backed agricultural scheme. It also expands GK Energy's order book with MSEDCL while adding to its ongoing renewable energy execution portfolio across rural India.
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Published on: Jul 6, 2026, 4:10 PM IST
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