GK Energy Wins ₹330.29 Cr Solar Pump Order from MSEDCL
GK Energy Limited has secured a significant Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 14,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 5 HP each. The total contract value is ₹330.29 Crores, inclusive of GST. These systems are intended for the entire state of Maharashtra under the 'Magel Tyala Saur Krushi Pump Yojana'. The execution of the order, which involves design, manufacture, supply, transport, installation, testing, and commissioning, is to be completed within 60 days from the issuance of the work order or Notice to Proceed (NTP). This award represents a substantial business win for GK Energy, bolstering its order book in the renewable energy sector.
Key Highlights
- Received LoA from MSEDCL for 14,000 solar water pumps.
- Total contract value stands at ₹330.29 Crores (including GST).
- Project to be executed within 60 days of work order.
- Order covers design, manufacture, supply, installation, and commissioning.
- This is a one-time contract awarded by a domestic entity.
Price Impact
More from GKENERGY