Gensol Engineering Ltd. secures Rs. 337 crore projects i.e., 422.5 MWp

Gensol Engineering Limited has announced the award of two significant EPC contracts, underscoring our commitment to India's renewable energy sector. The first, a 250 MWac/350 MWdc ISTS solar power project in Rajasthan, showcases Gensol's emerging leadership in the industry and its support for India's sustainable energy transition. Additionally, the 50MWac/72.5MWdc solar power project in Maharashtra marks another step in our journey to becoming a dominant player in the solar energy domain.

These projects, valued at ₹337,70,00,000 (Indian Rupees Three Hundred Thirty Seven Crores and Seventy Lakhs Only), including taxes, represent a significant milestone in Gensol's growth and strategic market position. The contracts encompass design, engineering, procurement, construction, and commissioning services, with modules as free-issue items, highlighting Gensol's expertise and commitment to the renewable energy industry.

Ali Imran Naqvi, CEO of Gensol Engineering Limited (EPC Business), stated, "Winning these projects is a significant milestone for Gensol Engineering Limited, indicating a major expansion in our operational capabilities and project scale. These EPC contracts in Rajasthan and Maharashtra reflect our increasing capabilities and strategic intent to enter key highgrowth regions. We are deeply thankful to the project developers for trusting us with their maiden greenfield solar projects in India. It's a pivotal time for Gensol as we aim for higher achievements and contribute to the country's energy transformation."

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 1238.10 as compared to the previous close of Rs. 1217.25. The total number of shares traded during the day was 57308 in over 3672 trades.

The stock hit an intraday high of Rs. 1264.00 and intraday low of 1204.35. The net turnover during the day was Rs. 70997893.00.

Source : Equity Bulls

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