GK Energy Wins 150MW BESS Order from MSEDCL

Core Announcement – Order Details

Awarding Entity: Maharashtra State Electricity Distribution Company Limited

Domestic/International Order: Domestic

Nature of Order/Contract: Setting up of 150 MW / 300 MWh Battery Energy Storage Systems (BESS) in Maharashtra with VGF support.

Order Value: Tariff of ₹2,38,000 per MW per month resulting in Yearly revenue of ₹42.84 Crores excluding GST for a period of 15 years from the date of commencement of commercial operations.

Materiality Context: Not Specified

Execution Timeline: Project to be commissioned within 18 months from the date of Signing of the Battery Energy Storage Purchase Agreement (BESPA).

Revenue Recognition / Billing Structure: One-time setup with recurring monthly revenues for 15 years from the date of commencement of commercial operations.

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No

Promoter Group Involvement: No promoter/promoter group/group companies have any interest in the entity that awarded the order.

Financial Implication: Not Specified