Gensol Engineering receives EPC award for INR 463 Crores solar plant at Gujarat's Khavda RE Power Park

Gensol Engineering Ltd. (BSE: 542851) (NSE: GENSOL), a pioneer in solar power engineering, procurement, and construction (EPC) services and electric mobility sector, has received Notification of Award for the Engineering, Design, Procurement, Erection, Testing & Commissioning for INR 463 Crores Solar plant at Khavda RE Power Park, Rann of Kutch, Gujarat. The INR 463 crores project will be state of the art with fixed tilt module mounting structure along with remaining balance of system.

Speaking on the order win, Ms. Shilpa Urhekar, Chief Executive Officer, Solar EPC (India), Gensol Engineering Limited shared, "We are excited to win this prestigious order from a leading IPP. This win demonstrates the trust in leadership of Gensol's project management capabilities and execution expertise. Our understanding of customer needs, excellent engineering track record coupled with our commitment to deliver high-quality renewable solutions have been instrumental behind our string of wins. As a result, we are currently executing solar projects for a number of marquee customers totaling approximately 1 GW. This is enabling us to create the foundation for an exciting future."

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 1003.35 as compared to the previous close of Rs. 964.95. The total number of shares traded during the day was 76980 in over 3319 trades.

The stock hit an intraday high of Rs. 1013.15 and intraday low of 970.00. The net turnover during the day was Rs. 76987732.00.

Source : Equity Bulls

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GensolEngineering INE06H201014 OrderWin EPC