India's GK Energy jumps after order win from Maharashtra government
21/09/2026 09:18
BUZZ-India's GK Energy jumps after order win from Maharashtra government ** Shares of India's GK Energy GKEN.NS rise 6.04% to 127.09 rupees
** Construction and engineering co receives order from Maharashtra State Electricity Distribution Company for setting up 150 MW/300 MWh of Battery Energy Storage Systems (BESS)
** Co says project will generate yearly revenue of 428.4 million rupees ($4.47 million) for 15 years after commencement
** Contract includes one-time payment for project execution and recurring monthly revenues for 15 years after commercial production of BESS begins
** Stock down 14.14% YTD
($1 = 95.8200 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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India's GK Energy jumps after order win from Maharashtra government