Shares of GK Energy touched a day’s high of Rs 148.90 on Monday, 6 July, after the company secured a fresh order from Maharashtra’s state power distribution company for solar water pumps.

GK Energy received a Letter of Empanelment from MSEDCL for 10,000 off-grid solar photovoltaic water pumping systems, valued at Rs 235.92 crore, under the state’s Magel Tyala Saur Krushi Pump Yojana scheme.

The order covers pumps of 3HP, 5HP and 7.5HP capacity, and the company will handle everything from design and manufacturing to installation and final testing.

This is the second such contract GK Energy has landed from MSEDCL this year. With the fresh order added in, the company’s total order book from MSEDCL has now grown to Rs 637.83 crore.

The project needs to be completed within 60 days of the work order being issued. The order comes as part of a wider push by Maharashtra to expand solar-powered irrigation for farmers.

Similar contracts under the same scheme have also gone to Oswal Pumps and Shakti Pumps this month, taking the combined value of orders handed out to all three companies to around Rs 825 crore.

Speaking on the win, GK Energy’s Chairman and Managing Director Gopal Kabra said the company’s asset-light, technology-driven model has helped it execute these decentralised solar projects efficiently at scale.

He added that better access to clean energy infrastructure would help improve farm productivity and long-term sustainability for Indian farmers.

As of March 2026, GK Energy had installed more than 140,000 renewable energy systems and commissioned over 617 MW of capacity across the country, with operations spanning more than 7,500 villages.

On 6th july, the stock close at Rs 143.49, up 2.76% for the day from the previous close of Rs 139.64, well above from its 52-week low of Rs 87.20.

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