Stock Report

Gensol Engineering Ltd received orders for building solar power projects of 55.8 MWp cumulative capacity

Posted On : 2022-08-26 11:06:41( TIMEZONE : IST )

Gensol Engineering Limited ("The Company") has in the month of August 2022 in normal course of business, received purchase orders from our reputed clients for the development of solar power projects aggregating to a capacity of around 55.8 MWp in the states of J&K, Gujarat, Punjab, Rajasthan, Tamil Nadu, and Telangana. Out of these seven deals closed by Gensol, five are based on full turn-key EPC model, while two are Balance of System (BoS) projects. Similarly, while four (4) projects are to be erected over land, the other three (3) will be raised over the rooftops of the factories of the clients. The total value of these projects is Rs. 153,15,75,000.00 (Indian Rupees One Hundred and Fifty-Three Crores Fifteen Lakhs and Seventy-Five Thousand Only) exclusive of taxes.

It is worth noting that out of the seven (7) projects, four (4) clients have repeated their orders with Gensol, which is emblematic of the trust that the company has built with its clients through its delivery of high-quality solar assets.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 1625.40 as compared to the previous close of Rs. 1548.00. The total number of shares traded during the day was 93632 in over 154 trades.

The stock hit an intraday high of Rs. 1625.40 and intraday low of 1553.00. The net turnover during the day was Rs. 151250339.00.