GK Energy
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GK Energy Ltd has received an order from Maharashtra State Electricity Distribution Company Limited to supply and install 10,000 off-grid solar water pumping systems across the state. The contract, valued at ₹235.92 crore inclusive of GST, covers design, manufacture, supply, transportation, installation and commissioning of 3 HP, 5 HP and 7.5 HP pumps. The project falls under the Magel Tyala Saur Krushi Pump Yojana and will be executed within 60 days from the issuance of a work order. With this order, GK Energy's cumulative order basket from MSEDCL stands at around ₹638 crore. The deployment aims to strengthen solar-powered irrigation infrastructure and reduce farmers' reliance on conventional energy sources.
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GK Energy Ltd has received an order from Maharashtra State Electricity Distribution Company Limited to supply and install 10,000 off-grid solar water pumping systems across the state. The contract, valued at ₹235.92 crore inclusive of GST, covers design, manufacture, supply, transportation, installation and commissioning of 3 HP, 5 HP and 7.5 HP pumps. The project falls under the Magel Tyala Saur Krushi Pump Yojana and will be executed within 60 days from the issuance of a work order. With this order, GK Energy's cumulative order basket from MSEDCL stands at around ₹638 crore. The deployment aims to strengthen solar-powered irrigation infrastructure and reduce farmers' reliance on conventional energy sources.
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** Shares of GK Energy GKEN.NS rise 2.8% to 143.3 rupees
** Renewable energy co says it received LoE from Maharashtra State Electricity Distribution Company for supply of 10,000 off-grid solar photovoltaic water pumping systems worth about 2.36 billion rupees ($24.7 million)
** More than 1.2 million shares change hands by 11:08 a.m. IST vs 30-day avg of 952,737 shares
** Stock down 2.6% YTD
(Reporting by Payel Das in Bengaluru)
** Shares of GK Energy GKEN.NS rise 2.8% to 143.3 rupees
** Renewable energy co says it received LoE from Maharashtra State Electricity Distribution Company for supply of 10,000 off-grid solar photovoltaic water pumping systems worth about 2.36 billion rupees ($24.7 million)
** More than 1.2 million shares change hands by 11:08 a.m. IST vs 30-day avg of 952,737 shares
** Stock down 2.6% YTD
(Reporting by Payel Das in Bengaluru)
GK Energy Ltd has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited to supply 10,000 off-grid DC solar photovoltaic water pumping systems of 3 HP, 5 HP and 7.5 HP under the Magel Tyala Saur Krushi Pump Yojana. The empanelment covers the entire state of Maharashtra and carries a total value of ₹235.92 crore including GST. The empanelment is a one-time domestic engagement and designates GK Energy as an eligible supplier; actual execution of the pumps will begin only after a work order or notice to proceed is issued, within a 60-day completion window from that date.
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GK Energy Ltd has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited to supply 10,000 off-grid DC solar photovoltaic water pumping systems of 3 HP, 5 HP and 7.5 HP under the Magel Tyala Saur Krushi Pump Yojana. The empanelment covers the entire state of Maharashtra and carries a total value of ₹235.92 crore including GST. The empanelment is a one-time domestic engagement and designates GK Energy as an eligible supplier; actual execution of the pumps will begin only after a work order or notice to proceed is issued, within a 60-day completion window from that date.
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July 2 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY - RECEIVED ALLOTMENT OF 10 MW OF ROOFTOP SOLAR PROJECTS VALUED AT 480.2 MILLION RUPEES
Source text: [ID:]
Further company coverage: GKEN.NS
(([email protected];))
July 2 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY - RECEIVED ALLOTMENT OF 10 MW OF ROOFTOP SOLAR PROJECTS VALUED AT 480.2 MILLION RUPEES
Source text: [ID:]
Further company coverage: GKEN.NS
(([email protected];))
May 13 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY MARCH-QUARTER CONSOL PROFIT 592.5 MILLION RUPEES
GK ENERGY MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.77 BILLION RUPEES
Further company coverage: GKEN.NS
(([email protected];))
May 13 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY MARCH-QUARTER CONSOL PROFIT 592.5 MILLION RUPEES
GK ENERGY MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.77 BILLION RUPEES
Further company coverage: GKEN.NS
(([email protected];))
May 6 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY LTD- GETS ORDER WORTH 3.54 BILLION RUPEES
Further company coverage: GKEN.NS
(([email protected];))
May 6 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY LTD- GETS ORDER WORTH 3.54 BILLION RUPEES
Further company coverage: GKEN.NS
(([email protected];))
March 5 (Reuters) - GK Energy Ltd GKEN.NS:
SEARCH PROCEEDING CONDUCTED BY TAX DEPARTMENT
Further company coverage: GKEN.NS
(([email protected];;))
March 5 (Reuters) - GK Energy Ltd GKEN.NS:
SEARCH PROCEEDING CONDUCTED BY TAX DEPARTMENT
Further company coverage: GKEN.NS
(([email protected];;))
Feb 27 (Reuters) - GK Energy Ltd GKEN.NS:
TAX DEPARTMENT INITIATES SEARCH PROCEEDINGS AT GK ENERGY
PROCEEDINGS ARE ONGOING, CO EXTENDING FULL CO-OPERATION
Source text: ID:nBSE5Wlbny
Further company coverage: GKEN.NS
(([email protected];;))
Feb 27 (Reuters) - GK Energy Ltd GKEN.NS:
TAX DEPARTMENT INITIATES SEARCH PROCEEDINGS AT GK ENERGY
PROCEEDINGS ARE ONGOING, CO EXTENDING FULL CO-OPERATION
Source text: ID:nBSE5Wlbny
Further company coverage: GKEN.NS
(([email protected];;))
Feb 3 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY LTD - EXPANDS INTO RETAIL SOLAR ROOFTOP SYSTEM EPC
Source text: ID:nNSE1vJyvQ
Further company coverage: GKEN.NS
(([email protected];;))
Feb 3 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY LTD - EXPANDS INTO RETAIL SOLAR ROOFTOP SYSTEM EPC
Source text: ID:nNSE1vJyvQ
Further company coverage: GKEN.NS
(([email protected];;))
Dec 24 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY - TOTAL VALUE FOR DEAL 2.77 BILLION RUPEES WITH GST
Source text: ID:nNSE9mVDlD
Further company coverage: GKEN.NS
(([email protected];;))
Dec 24 (Reuters) - GK Energy Ltd GKEN.NS:
GK ENERGY - TOTAL VALUE FOR DEAL 2.77 BILLION RUPEES WITH GST
Source text: ID:nNSE9mVDlD
Further company coverage: GKEN.NS
(([email protected];;))
Dec 11 (Reuters) - GK Energy Ltd GKEN.NS:
GETS WORK ORDER FOR 3.67 BILLION RUPEES
Source text: ID:nNSEbtccVX
Further company coverage: GKEN.NS
(([email protected];))
Dec 11 (Reuters) - GK Energy Ltd GKEN.NS:
GETS WORK ORDER FOR 3.67 BILLION RUPEES
Source text: ID:nNSEbtccVX
Further company coverage: GKEN.NS
(([email protected];))
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What does GK Energy do?
GK Energy and its subsidiary are primarily into the business of design, manufacture, supply, transport, installation, testing and commissioning of decentralized solar systems primarily focused on Solar Photovoltaic Water Pumping Systems popularly known as Solar Agricultural Pumps and other ancillary Services. In addition, the subsidiary is in the business of manufacturing of solar panels.
Who are the competitors of GK Energy?
GK Energy major competitors are Shakti Pumps (India), Oswal Pumps. Market Cap of GK Energy is ₹2,869 Crs. While the median market cap of its peers are ₹5,748 Crs.
Is GK Energy financially stable compared to its competitors?
GK Energy seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does GK Energy pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. GK Energy latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has GK Energy allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is GK Energy balance sheet?
Balance sheet of GK Energy is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of GK Energy improving?
Yes, profit is increasing. The profit of GK Energy is ₹204 Crs for TTM, ₹133 Crs for Mar 2025 and ₹36.09 Crs for Mar 2024.
Is the debt of GK Energy increasing or decreasing?
The net debt of GK Energy is decreasing. Latest net debt of GK Energy is -₹237.79 Crs as of Mar-26. This is less than Mar-25 when it was ₹92.88 Crs.
Is GK Energy stock expensive?
GK Energy is not expensive. Latest PE of GK Energy is 14.04, while 3 year average PE is 20.01. Also latest EV/EBITDA of GK Energy is 8.51 while 3yr average is 10.48.
Has the share price of GK Energy grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about GK Energy?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in GK Energy is 79.2% and last quarter promoter holding is 79.2%.
Are mutual funds buying/selling GK Energy?
The mutual fund holding of GK Energy is increasing. The current mutual fund holding in GK Energy is 3.41% while previous quarter holding is 3.12%.