Gensol Engineering Ltd successfully commissions Ground Mounted Solar Power Plant in Panchet, Jharkhand

Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in India's renewable energy sector, today announced the successful commissioning of its ground-mounted solar power plant in Panchet town of Dhanbad district in Jharkhand. This project is developed under a ₹40 crore EPC contract and underscores Gensol's expertise in executing complex solar installations in challenging terrains. The scope includes comprehensive operations and maintenance (O&M) support for five years.

This 40-acre solar power plant will generate over 15 million units of clean energy annually for commercial applications. The site's complex topography-featuring loose soil, hard rock formations, and mining excavations-required innovative engineering solutions. Gensol deployed advanced Mounting Structure Systems (MMS) and high-efficiency PV modules, optimizing performance despite the steep terrain. The project is projected to offset 21,000 metric tonnes of CO₂ emissions every year, significantly contributing to Jharkhand's renewable energy targets.

The plant will bolster Jharkhand's energy security, reducing dependence on fossil fuels while meeting rising electricity demand. Gensol remains committed to supporting India's net-zero ambitions through scalable, efficient, and environmentally responsible solar projects.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 140.20 as compared to the previous close of Rs. 147.55. The total number of shares traded during the day was 11513 in over 565 trades.

The stock hit an intraday high of Rs. 140.20 and intraday low of 140.20. The net turnover during the day was Rs. 1614122.00.

Source : Equity Bulls

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GensolEngineering INE06H201014 GroundMounted SolarPowerPlant Panchet Jharkhand