GK Energy Bags 15-Year MSEDCL Project

Business Standard Markets · stocks

GK Energy's shares surged by 5.97% to Rs 126.95 after securing a Letter of Award from MSEDCL for a 150 MW/300 MWh Battery Energy Storage System project in Maharashtra. The project, supported by viability gap funding, is expected to be commissioned within 18 months. The fixed tariff of Rs 2,38,000 per MW per month will generate annual revenue of Rs 42.84 crore for 15 years, excluding GST.