Gensol Engineering rises on securing Rs 520 crore Solar PV Project in Maharashtra
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Gensol Engineering is currently trading at Rs. 895.00, up by 16.70 points or 1.90% from its previous closing of Rs. 878.30 on the BSE.
The scrip opened at Rs. 897.40 and has touched a high and low of Rs. 914.10 and Rs. 885.35 respectively. So far 6041 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. 311.69 on 14-June-2023.
Last one week high and low of the scrip stood at Rs. 926.20 and Rs. 765.35 respectively. The current market cap of the company is Rs. 3326.38 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 secured the largest-ever turnkey EPC order in size and value from a leading power generation utility in the state of Maharashtra. The project involves the development of a 100 MWAC/135 MWp ground-mount solar PV power project across 500 acres in Maharashtra with a total order value of Rs 520 crore. This monumental achievement underscores Gensol's leading position in the renewable energy sector.
The project aligns with futuristic policy introduced by the Ministry of New and Renewable Energy (MNRE) in April 2022 and is aimed to enhance Maharashtra's energy infrastructure while contributing significantly towards India's sustainable energy goals.
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.
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