Rs 710 Crore Order Book: Renewable Energy Company Secures Rs 235.92 Crore MSEDCL Order for 10,000 Solar Water Pumps; Shares Jump Upto 4%

On Monday, Indian benchmark indices traded higher in early trade. As of the latest available trade, the Nifty 50 gained 136.95 points, or 0.56 per cent, to 24,407.80. Amid the positive market sentiment, GK Energy share price rose 2.53 per cent to Rs 143.17 after the company announced a major order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL).

GK Energy Bags Rs 235.92 Crore MSEDCL Order

GK Energy has secured a Rs 235.92 crore order (inclusive of GST) from MSEDCL for the deployment of 10,000 Off-Grid DC Solar-Powered Water Pumping Systems (SPWPS) across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana.

The contract includes the design, manufacture, supply, transportation, installation, testing and commissioning of 3 HP, 5 HP and 7.5 HP solar-powered agricultural pumping systems. The project is scheduled to be executed within 60 days from the issuance of the Work Order or Notice to Proceed (NTP).

Cumulative MSEDCL Orders Cross Rs 637 Crore

With this latest contract, GK Energy's cumulative orders from MSEDCL have reached Rs 637.83 crore (inclusive of GST), reinforcing the company's long-standing association with the state utility and its growing presence in India's renewable energy infrastructure sector.

The project is aimed at expanding solar-powered irrigation infrastructure across Maharashtra by providing farmers with reliable and sustainable energy for irrigation while reducing dependence on conventional power sources. The order also strengthens the company's execution pipeline in the fast-growing decentralised renewable energy segment.

Management Commentary

Commenting on the development, Gopal Kabra, Chairman & Managing Director, GK Energy, said: "Over the years, we have built GK Energy as an execution-focused renewable energy infrastructure company with a technology-defined, asset-light operating model. Our strength lies in combining deep rural market understanding with robust execution capabilities, enabling us to deliver decentralised renewable energy projects efficiently and at scale. This approach has allowed us to support large public programmes while maintaining quality, speed and operational discipline."

He further added: "India's growth story will be shaped not only by the infrastructure we build, but by how effectively it reaches the communities that need it most. Expanding access to clean energy for agriculture is about empowering farmers with reliable infrastructure that supports productivity, sustainability and long-term resilience. We are proud to contribute to this journey by partnering in initiatives that are helping build a stronger, more self-reliant and energy-secure rural India."
Also Read - Rs 1,500 Crore Order Book: Pump Manufacturer Secures Rs 353.89 Crore MSEDCL Order for 15,000 Solar Water Pumps; Shares Jump 3.5%

About GK Energy 

GK Energy Ltd is one of India's leading decentralised renewable energy infrastructure companies, focused on solar-powered agricultural pumping systems, rooftop solar installations and distributed clean energy solutions. Founded in 2008, the company operates through a technology-driven, asset-light business model supported by an extensive OEM/ODM manufacturing ecosystem.

As of March 2026, GK Energy had installed more than 1.4 lakh renewable energy systems and commissioned over 617 MW of renewable energy capacity across India. The company operates in more than 7,500 villages, providing renewable energy solutions that support India's transition towards sustainable and decentralised energy infrastructure.

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Disclaimer: The article is for informational purposes only and not investment advice.