GK Energy Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The LoE is for 10,000 off-grid DC solar water pumping systems. The pumps include 3 HP, 5 HP and 7.5 HP variants. They will be supplied across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana and the PM-KUSUM B scheme.

The order is valued at Rs 254.30 crore. The installation is to be completed within 60 days from the work order or notice to proceed.

The company said the LoE is subject to a key condition. If the overall tender reaches 1,00,000 pumps, the balance quantity under the LoE will be cancelled.

GK Energy is the largest EPC contractor for installation of solar-powered agricultural water pump systems as well as system integrator of renewable energy products, energy efficiency product & projects.

It reported 36.01% jump in standalone net profit to Rs 46.46 crore on a 32.71% rise in revenue from operations to Rs 358.50 crore in Q2 FY26 over Q2 FY25.

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GK Energy has received an amendment Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company for additional 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana /PM Kusum B Scheme. The total value of the 10,000 pumps is around Rs.254.30 Crores and with GST Value Rs. 276.93 crore (inclusive of GST) which is to be executed within 60 days from the issuance of work order/NTP.

This LoE is issued with a highlight condition by MSEDCL to it's vendors as below:

?This LoE quantity is subject to tender quantity. When the tender progress reaches to 1,00,000 then balance LoE quantity stands cancelled.?

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GK Energy has received a Letter of Empanelment/Letter of Award from Maharashtra State Electricity Distribution Company for 13,239 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana /PM Kusum B Scheme. The total value of the 13,239 pumps is around Rs. 366.63 crore (inclusive of GST) which is to be executed within 60 days from the issuance of work order/NTP.

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GK Energy announced that it successfully installed 7,620 off-grid solar pumps in Maharashtra, accounting for approximately 17% of the total 45,911 solar pumps installed under the Guinness World Record achieved by the Maharashtra State Electricity Distribution Company (MSEDCL).

These installations were completed within an intensive 30-day execution window from 27 October 2025, to 25 November 2025, underscoring GK Energy's scale, execution capability, and operational excellence.

In addition to execution, GK Energy acted as the Strategic Advisor to MSEDCL, playing a critical role in enabling and coordinating the end-to-end execution of this record-breaking initiative for MSEDCL. The role of GK Energy in the project encompassed concept development, strategy development, planning, co-ordination, documentation, framework design and stakeholder management to ensure successful accomplishment.

The installations were carried out under the Magel Tyala Saur Krushi Pump Yojana, a flagship Government of Maharashtra programme aimed at promoting off-grid solar-powered irrigation systems.

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