GK Energy shares jumped 5% after the company received a Letter of Award (LoE) for a solar project valued at ₹454.5 crore, under which it will install solar panels for one lakh households.

The scope of the work includes the design, engineering, supply, installation, testing, and commissioning of grid-connected rooftop solar PV systems, along with operation and maintenance services for a period of five years. The inclusion of a five-year operation and maintenance contract gives the company a recurring service revenue component alongside the one-time installation work.

The award aligns with India's broader push for rooftop solar adoption, including the PM Surya Ghar Muft Bijli Yojana, a government scheme launched in 2024 that targets rooftop solar installation on millions of households. Large-scale residential rooftop orders of this size are typically routed through public sector agencies or distribution companies, and companies such as GK Energy compete for such tenders in the EPC and solar services segment.

For a company of GK Energy's scale, a ₹454.5 crore order is significant relative to its historical revenue base, which explains the sharp positive share price reaction, though execution over the multi-year project timeline will determine the actual revenue realisation.

The announcement was reported by CNBC-TV18 Markets on August 27, 2026.

Source: CNBC-TV18