NSEBagging/Receiving of orders/contracts1d ago · 21 Sept 2026, 01:09 pm

Bagging/Receiving of orders/contracts

GK Energy Limited · GKENERGY

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GK Energy Limited has received a Letter of Award from Maharashtra State Electricity Distribution Company Limited for setting up 150 MW / 300 MWh Battery Energy Storage Systems (BESS) in Maharashtra.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment9/10

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Full Announcement

GK Energy Limited has informed the exchange that the Company has received a Letter of Award from Maharashtra State Electricity Distribution Company Limited for setting up 150 MW / 300 MWh Battery Energy Storage Systems (BESS) in Maharashtra.

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GKENERGY_21092026130929_Intimation_of_Receipt_of_order_sd.pdf

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Date: September 21, 2026 To, To, Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex Bandra (East), Mumbai Dalal Street, – 400 051 Mumbai – 400 001 NSE Symbol: GKENERGY Scrip Code BSE- 544525 Dear Sir / Madam, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of Letter of Award from Maharashtra State Electricity Distribution Company Limited for setting up 150 MW / 300 MWh Battery Energy Storage Systems (BESS) in Maharashtra Pursuant to Regulation 30 read with Para B of Part A of Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), and the SEBI Master Circular on compliance with the provisions of the Listing Regulations, as amended from time to time, we are pleased to inform you that GK Energy Limited (the “Company”) has received a Letter of Award (the “LoA”) from Maharashtra State Electricity Distribution Company Limited for setting up of 150 MW / 300 MWh of Battery Energy Storage Systems (“BESS”) in Maharashtra with VGF support. The details as required under Regulation 30 read with Para B of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are enclosed herewith as Annexure A. The above information is also being made available on the website of the Company at www.gkenergy.in. You are requested to kindly take the same on record. Thanking you, By order of Board of Directors For GK ENERGY LIMITED (Formerly known as GK Energy Private Limited, GK Energy Marketers Private Limited) Shubham Suresh Jain Company Secretary & Compliance Officer Membership No. A76578 Place: Pune ANNEXURE-A Particulars Details 1 Name of the entity awarding the order / Maharashtra State Electricity Distribution contract Company Limited 2 Significant terms and conditions of Setting up of 150MW/ 300MWh Battery Energy order(s) / contract(s) awarded in brief Storage System (“BESS”) 3 Whether the order / contract has been Domestic entity. awarded by a domestic or international entity 4 Nature of the order / contract One time with recurring monthly revenues for 15 years from the date of commencement of commercial operations 5 Whether domestic or international Domestic 6 Time period by which the Project to be commissioned within 18 months from order(s)/contract(s) is to executed the date of Signing of the Battery Energy Storage Purchase Agreement (BESPA). 7 Broad consideration or size of the order / Tariff of ₹2,38,000 per MW per month resulting in contract Yearly revenue of ₹42.84 Crores excluding GST for a period of 15 years from the date of commencement of commercial operations 8 Whether the promoter/ promoter group / No. group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof 9 Whether the order(s)/contract(s) would No. fall within related party transactions? If yes, whether the same is done at “arm’s length”