Gensol closes projects worth 277 crores in Q1 FY24

Gensol Engineering Limited ("The Company") has in the first quarter of fiscal 2023-24 ended June 30, 2023 received orders from reputed clients for the supply of trackers and the development of solar power projects worth ₹ 277,04,64,870 (Indian Rupees Two Hundred and Seventy-Seven Crores Four Lakhs Sixty Four Thousand Eight Hundred and Seventy Only), excluding taxes. These projects will be developed over land, water bodies and rooftops in the states of Andhra Pradesh, Chhattisgarh, Gujarat,Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.

Interestingly, more than 95% of these projects are concentrated in the three states of Gujarat, Rajasthan and Maharashtra.

The total value of these projects is close to ₹ 277,04,64,870 (Indian Rupees Two Hundred and Seventy-Seven Crores Four Lakhs Sixty-Four Thousand Eight Hundred and Seventy Only), excluding taxes.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 1384.40 as compared to the previous close of Rs. 1354.45. The total number of shares traded during the day was 20377 in over 1618 trades.

The stock hit an intraday high of Rs. 1418.00 and intraday low of 1321.00. The net turnover during the day was Rs. 27981083.00.

Source : Equity Bulls

Keywords

GensolEngineering INE06H201014 OrderWin SolarPowerProjects TrackersSupply