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Gensol Engineering is currently trading at Rs. 760.20, up by 46.85 points or 6.57% from its previous closing of Rs. 713.35 on the BSE.

The scrip opened at Rs. 751.05 and has touched a high and low of Rs. 780.00 and Rs. 749.85 respectively. So far 31993 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1377.10 on 20-Feb-2024 and a 52 week low of Rs. 712.00 on 26-Dec-2024.

Last one week high and low of the scrip stood at Rs. 780.00 and Rs. 712.00 respectively. The current market cap of the company is Rs. 2930.56 crore.

The promoters holding in the company stood at 62.58%, while Institutions and Non-Institutions held 2.30% and 35.12% respectively.

Gensol Engineering has secured a significant EPC contract from NTPC Renewable Energy (NTPC REL). This contract entails the Development of 225MW-AC (Equivalent To 276 MWDC) Grid Connected Solar PV Projects at GSECL Solar Park (Stage-III), Khavda located in the Rann of Kutch, Gujarat.

The total bid value for this project, including operations and maintenance (O&M) for a duration of three years, amounts to around Rs 897.47 crore, inclusive of taxes and duties. The contract between NTPC REL and Gensol Engineering was formally executed last week, marking a substantial milestone for both entities in their pursuit of advancing renewable energy infrastructure in India. 

This order is paramount for fulfilling India’s escalating need for clean and sustainable energy, in line with the government’s vision to fulfill this need.

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.