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Gensol has orders worth Rs. 531 Crores in hands
Posted On : 2022-09-19 12:24:11( TIMEZONE : IST )
Gensol Engineering Limited ("The Company") has till 18th September 2022, in normal course of business, closed orders from various reputed clients for the development of solar power projects worth over Rs. 531 Crores. Aggregating to a capacity of over 121 MWp, these projects will be developed in the states/UTs of Andhra Pradesh, Gujarat, Haryana, Jharkhand, Karnataka, Ladakh, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana and Uttarakhand.
Some of the major additions to the Company's esteemed client list are Singareni Colleries Company Limited (SCCL), a coal mining company jointly owned by the Government of Telangana and the Government of India, Braithwaite & Co. Limited (BCL), a leading Engineering Company under the Ministry of Railways and a privately-owned leading manufacturer and supplier of industrial gases, among others.
Out of the total order book, only two projects are based on the model of Balance of System (BoS), while the balance projects are to be developed through full turn-key EPC model, a fact that testifies to Gensol's robust end-to-end project execution capabilities. Piquantly, more than 37% of these orders envisage the development of projects in the southern states of AP, Karnataka, Telangana and Tamil Nadu, closely followed by Gujarat at 34%. Similarly, 67% of the total order book needs to be developed over land, while the balance will be raised over the rooftops of the factories of the clients. While the largest size of the project is over 25 MWp, the lowest size is around 80 kWp.
The total value of these projects is pegged at Rs. 5,31,24,16,761 (Indian Rupees Five Hundred and Thirty-One Crores Twenty-Four Lakhs Sixteen Thousand Seven Hundred and Sixty-One Only) exclusive of taxes.
It is worth noting that more than 23% are repeat orders from the existing clients, which is emblematic of the trust that the company has built with its clients through its delivery of highquality solar assets.
