GK Energy Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

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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EBITDA improved by 37.63% to Rs 73.74 crore in Q2 FY26 from Rs 53.58 crore in Q2 FY25. EBITDA margin was 20.57% in Q2 FY26 as against 19.83% in Q2 FY25.

The company?s current order book of solar powered pump systems stood at Rs 863.98 crore as on 30 September 2025 and these pumps have to be installed by 15 February 2026.

GK Energy, promoted by Gopal Rajaram Kabra and Mehul Ajit Shah, is India?s largest pure-play EPC provider of solar-powered agricultural water pump systems under the PM-KUSUM scheme. The company also undertakes EPC projects for water storage and distribution facilities, rooftop solar, and other solar solutions for government agencies.

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Net profit of GK Energy rose 36.01% to Rs 46.46 crore in the quarter ended September 2025 as against Rs 34.16 crore during the previous quarter ended September 2024. Sales rose 32.71% to Rs 358.50 crore in the quarter ended September 2025 as against Rs 270.13 crore during the previous quarter ended September 2024.

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