Gensol Engineering Ltd. emerges as winning bidder for 116 MW of solar projects in Gujarat

Gensol Engineering Ltd. (BSE: 542851) (NSE: GENSOL), a pioneer in solar power engineering, procurement, and construction (EPC) services and electric mobility sector, has emerged as winning bidder for 116 MW (150 MWp) of solar projects in Gujarat with approx. EPC revenue of INR 600 Crores. These projects will be distributed across 27 diverse locations, all under the purview of Paschim Gujarat Vij Co. Ltd. (PGVCL), the state electricity distribution company.

These projects aim for feeder-level solarisation and are anticipated to be operational within 12 months following the issuance of the Letter of Award (LoA).

The solarisation of agricultural feeders that are either already segregated or primarily serve agricultural loads by installing grid-connected solar projects to meet their annual power requirements. At the feeder level, solar power projects can be deployed to fulfil the power needs of single or multiple agricultural feeders from a distribution sub-station.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 937.05 as compared to the previous close of Rs. 938.45. The total number of shares traded during the day was 8729 in over 747 trades.

The stock hit an intraday high of Rs. 952.15 and intraday low of 922.00. The net turnover during the day was Rs. 8211184.00.

Source : Equity Bulls

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GensolEngineering INE06H201014 OrderWin SolarPowerProjects