GK Energy Ltd receives amendment LoE from MSEDCL

GK Energy Limited has received an amendment Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company Limited for additional 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana /PM Kusum B Scheme. The total value of the 10,000 pumps is around Rs.254.30 Crores and with GST Value Rs. 276.93 Crores (inclusive of GST) which is to be executed within 60 days from the issuance of work order/NTP.

"This LoE quantity is subject to tender quantity. When the tender progress reaches to 1,00,000 then balance LoE quantity stands cancelled."

The Installation is be completed within 60 days from the date of issuance of NTP/work order.

Shares of GK Energy Limited was last trading in BSE at Rs. 151.85 as compared to the previous close of Rs. 159.80. The total number of shares traded during the day was 73786 in over 881 trades.

The stock hit an intraday high of Rs. 162.95 and intraday low of 151.85. The net turnover during the day was Rs. 11356852.00.

Source : Equity Bulls

Keywords

GKEnergy INE1AG301022 CivilConstruction LoE MSEDCL