Project Scope and Specifications
The project, undertaken under the Magel Tyala Saur Krushi Pump Yojana, involves comprehensive solar energy infrastructure designed to support irrigation and agricultural operations throughout the state. The scope of work includes the design, manufacture, supply, transportation, installation, testing, and commissioning of 13,239 off-grid DC solar pump systems.
The pumps to be deployed are available in three capacities—3HP, 5HP, and 7.5HP—enabling a versatile solution for diverse farming requirements. The systems are designed to provide reliable water pumping for irrigation, thereby reducing dependency on conventional electricity sources and contributing to Maharashtra’s renewable energy targets.
Implementation Timeline
GK Energy Limited has been tasked with completing the installation and commissioning of all solar pump systems within 60 days of the issuance of the work order or Notice to Proceed (NTP) by MSEDCL. The aggressive timeline highlights the urgency of the state’s renewable energy initiatives and its commitment to supporting farmers with sustainable power solutions.
Impact and Benefits
The deployment of these off-grid solar photovoltaic water pumping systems is expected to significantly enhance water accessibility for agricultural communities across Maharashtra. By ensuring a consistent water supply for irrigation, the project supports improved crop yields and agricultural productivity. Additionally, it advances the state’s renewable energy objectives and reduces reliance on grid electricity.
Regulatory and Compliance Details
The company disclosed the award under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The contract is a domestic order, and GK Energy has confirmed that neither promoters nor promoter group or group companies have any interest in the awarding entity. The transaction does not constitute a related party transaction.
Summary:
GK Energy Limited has secured a ₹366.63 crore contract from Maharashtra State Electricity Distribution Company for the supply and installation of 13,239 off-grid DC solar pump systems under the PM Kusum B Scheme. Covering the entire state with 3HP, 5HP, and 7.5HP capacities, the project must be completed within 60 days. This order strengthens GK Energy’s renewable energy portfolio and provides sustainable irrigation solutions for farmers across Maharashtra.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.