GK Energy gains after receiving Rs 455-cr solar project order
Mumbai, Aug. 26 -- According to an exchange filing, under the empanelment, the company has been allocated 1,00,000 grid-connected rooftop solar photovoltaic projects of 1 kW each, aggregating to 100 MW. The projects will be installed across 1,00,000 households at a contract rate of Rs 45,450 per kW, including GST, with an aggregate contract value of approximately Rs 454.50 crore.
The scope of work includes design, engineering, supply, installation, testing and commissioning of grid-connected rooftop solar PV systems, along with operations and maintenance for a period of five years.
The respective work orders are to be executed within 60 days from their issuance. The company clarified that the transaction does not constitute a related-pa...
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