Gensol Engineering gains on receiving orders worth Rs 277 crore in Q1FY24
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Gensol Engineering is currently trading at Rs. 1410.00, up by 25.60 points or 1.85% from its previous closing of Rs. 1384.40 on the BSE.
The scrip opened at Rs. 1399.00 and has touched a high and low of Rs. 1419.95 and Rs. 1375.00 respectively. So far 9416 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1990.00 on 02-Sep-2022 and a 52 week low of Rs. 560.00 on 05-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1470.00 and Rs. 1257.00 respectively. The current market cap of the company is Rs. 1728.98 crore.
The promoters holding in the company stood at 64.67%, while Institutions and Non-Institutions held 2.49% and 32.84% respectively.
Gensol Engineering has in the first quarter of fiscal 2023-24 ended June 30, 2023 (Q1FY24) received orders from reputed clients for the supply of trackers and the development of solar power projects worth Rs 277 crore 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.
Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.
