GK Energy Limited (BSE: 544525 | NSE: GKENERGY) has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for setting up 150 MW/300 MWh of Battery Energy Storage Systems (BESS) in Maharashtra. The award has been issued under MSEDCL’s Tariff-Based Global Competitive Bidding process conducted through an e-reverse auction for 2,000 MW/4,000 MWh of BESS capacity with Viability Gap Funding support. GK Energy was selected for 150 MW/300 MWh at a tariff of ₹2,38,000 per MW per month.
The project is expected to generate annual revenue of ₹42.84 crore, excluding GST, for 15 years from the commencement of commercial operations. The award marks GK Energy’s entry into the battery energy storage segment and expands its portfolio beyond solar-powered agricultural pumping systems. The company has been developing capabilities across solar pumping, rooftop solar, distributed renewable infrastructure and energy storage as part of its broader renewable energy business strategy.
BESS technology stores electricity when generation is high or demand is low and supplies it when required. The systems can help manage fluctuations in renewable generation, balance electricity supply and demand, reduce pressure on the power grid and improve the availability of renewable energy during periods of high demand.
GK Energy said the addition of energy storage will allow it to participate across a wider range of India’s clean energy market. The company plans to use its project execution experience, decentralised operating network and presence across multiple states to pursue opportunities in energy storage, rooftop solar and other distributed renewable energy segments.
“GK Energy began its journey by making solar-powered agricultural pumping systems accessible across rural India. Over the years, the company has expanded into rooftop solar and distributed renewable infrastructure. This award marks the next stage of that journey as GK Energy enters the battery energy storage segment and develops capabilities across both renewable power generation and storage,” said Gopal Kabra, Chairman, Managing Director and CEO, GK Energy Limited.
He said the company intends to develop its solar pumping, rooftop solar and energy storage businesses in parallel rather than remain dependent on a single scheme or market segment. He added that the company’s renewable energy execution experience, field presence and decentralised infrastructure would support its expansion into emerging clean energy opportunities.
Founded in 2008, GK Energy provides distributed renewable energy solutions, with a focus on rural India and emerging clean energy markets. The company follows a technology-driven, low-capital business model supported by an OEM/ODM manufacturing ecosystem, decentralised logistics infrastructure and a field execution network. As of June 2026, GK Energy had cumulatively installed more than 164,500 renewable energy systems and commissioned more than 726 MW of renewable energy capacity across India. Its operations extend across more than 7,500 villages and are supported by warehousing, logistics and installation and commissioning partners across multiple states. The company said the BESS award strengthens its position in the broader decentralised energy market and provides a platform to expand its participation in India’s growing renewable energy and storage sector.
