In a major stride toward strengthening India’s renewable energy infrastructure, GK Energy has announced the signing of an agreement with a leading domestic manufacturer for the procurement of 875 megawatts (MW) of Photovoltaic (PV) Cells under the Domestic Content Requirement (DCR) category.
GK Energy order includes 450 MW of Mono PERC Solar Cells and 425 MW of Topcon Solar Cells, both recognised for their high efficiency and reliability. The supplies are scheduled for delivery through 31 March 2027, ensuring a steady supply chain for GK Energy’s expanding portfolio of solar projects across India.
GK Energy 875 MW Order: Key Highlights
| Aspect | Details |
|---|---|
| Total Capacity | 875 MW |
| Technology Mix | 450 MW Mono PERC and 425 MW Topcon Solar Cells |
| Supplier | Leading Domestic Manufacturer (Name undisclosed) |
| Delivery Timeline | Up to 31 March 2027 |
| Procurement Category | Domestic Content Requirement (DCR) |
| Alignment | Make-in-India and National Renewable Energy Policies |
GK Energy’s new order alignment with the Government’s Make-in-India and renewable energy expansion initiatives. The agreement ensures not only the supply and quality parameters but also adherence to strict domestic sourcing mandates designed to bolster India’s local manufacturing ecosystem.
Strategic Context & Industry Significance
This procurement comes at a crucial juncture in India’s solar journey. With the government pushing for 50% renewable energy capacity by 2030, demand for high-quality solar components has surged. By opting for a domestic manufacturer, GK Energy demonstrates a commitment to self-reliance and sustainability, while reducing dependency on imported solar cells — an area historically dominated by Chinese suppliers.
The inclusion of Mono PERC and Topcon technologies also highlights GK Energy’s focus on advanced, high-efficiency cell architectures. Mono PERC cells offer enhanced energy conversion efficiency, while Topcon technology (Tunnel Oxide Passivated Contact) represents the next-generation evolution, providing superior output and temperature resilience.
Market and Financial Implications
While the company has not disclosed financial details of the agreement, the scale of 875 MW positions it as one of the largest domestic solar cell procurements in recent quarters. Analysts note that such long-term supply contracts help secure component availability and insulate developers from short-term market volatility in pricing and supply — a growing concern amid fluctuating global silicon costs and logistics disruptions.
This move also follows GK Energy’s strong financial momentum. In its latest Q2 FY2025 results, the company reported:
- Revenue: INR 295 crore, up 96.7% year-on-year
- Net Profit: INR 36.9 crore, up 118.3% year-on-year
- EBITDA: INR 56.6 crore, up 119.4% year-on-year
- EBITDA Margin: 19.17%, reflecting improved operational efficiency
Verdict
From a strategic standpoint, GK Energy’s move represents both a supply-chain hedge and a growth catalyst. By locking in large-scale domestic supplies, the company secures predictability in project execution over the next two fiscal years — a critical factor as India’s solar installations push past 80 GW capacity and aim for 280 GW by 2030.
The partnership also reflects GK Energy’s long-term confidence in India’s solar manufacturing ecosystem, which has been buoyed by government incentives under the PLI scheme and increasing investor confidence in renewable infrastructure.
Conclusion
GK Energy 875 MW deal marks a milestone for the company. By integrating Make-in-India principles with cutting-edge solar technologies, the company strengthens its project portfolio, supports domestic manufacturing, and sets the stage for sustained growth in one of the world’s fastest-expanding clean energy markets.
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