GK Energy Ltd has received a Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the deployment of 15,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana.
The project, valued at Rs 353.89 crore including GST, involves the design, manufacturing, supply, transportation, installation, testing and commissioning of solar water pumping systems of 3 HP, 5 HP and 7.5 HP capacities.
The order is to be executed within 60 days from the issuance of the work order or Notice to Proceed (NTP). The company also clarified that the contract has been awarded by a domestic entity and does not fall under related party transactions.