GK Energy gets Letter of Empanelment from MSEDCL for 10,000 solar pumps worth Rs 236 crore
Mumbai, July 5
GK Energy Limited has received a Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited for 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems pumps worth Rs 235.92 crore under the Magel Tyala Saur Krushi Pump Yojana, according to the company's stock exchange filing.
In the filing made under SEBI Listing Regulations, the company said it had "received a Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company Limited for 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."
It added, "The total value of the 10,000 pumps is Rs. 235.92 Crores (inclusive of GST), which is to be executed within 60 days from the issuance of work order/NTP."
A Letter of Empanelment (LoE) is a document issued by the awarding authority to notify a company that it has been selected for a project or programme. It typically precedes the issuance of a formal work order or Notice to Proceed (NTP), after which execution of the project begins.
As per the annexure to the exchange filing, the scope of the contract includes the "Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS)."
The filing stated that the order has been awarded by a domestic entity and is a "one time" order. It further said the execution period is "within 60 days from the date of issuance of Work Order/Notice to Proceed (NTP)."
GK Energy also said that its promoter, promoter group and group companies have no interest in the entity awarding the contract. It further stated that the contract does not fall within related-party transactions.
— ANI
Reader Comments
Magel Tyala Saur Krushi Pump Yojana is a game-changer for our farmers. Solar pumps mean no more diesel expenses, especially in remote areas. But Rs 2.36 lakh per pump seems steep. Is that competitive pricing?
Great for renewable energy adoption in India. Off-grid DC pumps are perfect for areas with erratic grid supply. Hope the maintenance aspect is well-planned. 60 days execution timeline seems tight though.
Good initiative, but I wonder about the after-sales service. Many solar pump projects in the past have failed due to lack of local technicians. MSEDCL must ensure proper training for farmers. Let's see how this one goes.
Finally some concrete steps for sustainable agriculture! GK Energy has a good track record. Hope the pumps are durable and can withstand our harsh summers. No room for compromises. 💪
Impressive scale - 10,000 pumps across Maharashtra. This could significantly reduce diesel consumption and carbon emissions. But the cost transparency should be clearer. Rs 2.36 lakh per pump - what's included exactly?
"One time order" - hope this isn't just a pilot that fizzles out. Our farmers in Vidarbha and Marathw
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