GK Energy Ltd (GKENERGY) — Board Meeting | 21 September 2026 (2 announcements)

GK Energy received a Letter of Award from Maharashtra State Electricity Distribution Company Limited to build a 150 MW/300 MWh battery storage system in Maharashtra. The project will generate ₹42.84 Crores annually in revenue over 15 years at ₹2,38,000 per MW per month. The board approved the award and confirmed no related party interests.

GK Energy announced it received a Letter of Award to build 150 MW/300 MWh of Battery Energy Storage Systems in Maharashtra under a tariff-based bidding process. The award secures ₹42.84 Crore annual revenue (excluding GST) over 15 years at ₹2,38,000 per MW per month. This marks the company's entry into the BESS segment, expanding beyond its core solar pumping business into integrated decentralized renewable energy solutions including storage, aiming to reduce business concentration risk while supporting India's clean energy transition.