GK Energy Limited has received a Letter of Empanelment (LOE) from a leading state government-owned power distribution utility for the execution of grid-connected rooftop solar photovoltaic projects. Under the empanelment, the company has been allocated 100,000 projects of 1 kW each, with a combined capacity of 100 MW, to be installed across 100,000 households. The…
GK Energy Limited has received an allotment for 10 MW of rooftop solar projects valued at Rs 48.02 crore, inclusive of GST. The order covers proposed rooftop solar installations at 1,150 locations across India and has been awarded by a distribution company. Order details The contract comprises one-time rooftop solar installations and is domestic in…
GK Energy Limited has signed an agreement with a domestic manufacturer for the supply of 875 MW of domestic content requirement (DCR) compliant solar photovoltaic cells. The procurement includes 450 MW of Mono PERC and 425 MW of TOPCon cells. The name of the manufacturer has not been disclosed. The solar cells will be supplied…
GK Energy Ltd, a solar-powered agricultural water pump systems provider, has raised Rs 100 crore in a pre-initial public offering (IPO) funding round. The investment came from Valuequest, 360 One (formerly IIFL Wealth), and Kotak AIF, among others. According to the company’s notice, 65.36 lakh equity shares were allotted at Rs 153 each through a…
GK Energy Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of shares worth up to Rs 5 billion, along with an offer for sale of up to 8.4 million equity…