Gensol Engineering rises on receiving order book of Rs 1783 crore
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Gensol Engineering is currently trading at Rs. 994.10, up by 10.00 points or 1.02% from its previous closing of Rs. 984.10 on the BSE.
The scrip opened at Rs. 990.00 and has touched a high and low of Rs. 1011.95 and Rs. 971.10 respectively. So far 7549 shares were traded on the counter.
The BSE group 'B' 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. 312.00 on 14-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1045.20 and Rs. 958.35 respectively. The current market cap of the company is Rs. 3817.59 crore.
The promoters holding in the company stood at 62.59%, while Institutions and Non-Institutions held 3.78% and 33.62% respectively.
Gensol Engineering has received significant order book that stands at an impressive Rs 1783 crore in the beginning of FY25, signaling a promising year and solidifying its position as a key player in the renewable energy and electric mobility industry. The company’s diverse order book showcases its involvement in multiple sectors, each contributing significantly to its overall portfolio.
Out of which, the company’s Solar EPC (India & Middle East including Scorpius Trackers) Business segment has received order worth Rs 1448 crore and its Let’sEV (EV Leasing business) business segment has also received order worth Rs 335 crore.
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.
