India's GK Energy jumps on Maharashtra govt order for battery storage systems
Shares of GK Energy rose 6.04% to 127.09 rupees after the construction and engineering company secured an order from Maharashtra State Electricity Distribution Company to set up 150 MW/300 MWh of Battery Energy Storage Systems (BESS). The company stated the project is expected to generate annual revenue of 428.4 million rupees ($4.47 million) for 15 years post-commencement. The contract includes an upfront payment for execution and recurring monthly revenues after the BESS begins commercial production.
09 rupees after the company said it received an order from Maharashtra State Electricity Distribution Company to set up 150 MW/300 MWh of battery energy storage systems (BESS). 47 million) for 15 years after commencement. The contract includes a one-time payment for project execution and recurring monthly revenues for 15 years after commercial production of the BESS begins. 14% year-to-date.
8200 Indian rupees.