MSEDCL Awards GK Energy Limited 150 MW BESS Project Contract

GK Energy Limited announced it received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a Battery Energy Storage System (BESS) project in Maharashtra. The award covers a capacity of 150 MW / 300 MWh. This project is part of a larger competitive bidding process for 2,000 MW / 4,000 MWh capacity with Viability Gap Funding (VGF) support. The contract terms include a tariff of ₹2,38,000 per MW per month, providing yearly revenue of ₹42.84 Crore excluding GST for a 15-year period once commercial operations begin.

The contract marks a significant expansion of GK Energy Limited into the fast-growing BESS segment. This project allows the company to broaden its business offerings beyond solar-powered agricultural pumping systems into comprehensive decentralized energy solutions. The award provides a long-term revenue stream for the company through the successful execution of the infrastructure project.

GK Energy Limited had previously received an awarded Letter of Engagement (LOE) for solar PV projects, which was being reflected in the stock market on the BSE.