Gensol Engineering shines on securing two EPC contracts worth Rs 337 crore
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Gensol Engineering is currently trading at Rs. 1251.85, up by 34.60 points or 2.84% from its previous closing of Rs. 1217.25 on the BSE.
The scrip opened at Rs. 1247.40 and has touched a high and low of Rs. 1264.00 and Rs. 1235.80 respectively. So far 14833 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. 265.68 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1377.10 and Rs. 1150.00 respectively. The current market cap of the company is Rs. 4610.08 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 bagged award of two significant EPC contracts, underscoring the company’s commitment to India's renewable energy sector. The first, a 250 MWac/350 MWdc ISTS solar power project in Rajasthan, showcases the company’s emerging leadership in the industry and its support for India's sustainable energy transition.
Additionally, the 50MWac/72.5MWdc solar power project in Maharashtra marks another step in the company’s journey to becoming a dominant player in the solar energy domain. These projects, valued at Rs 337.70 crore including taxes, represent a significant milestone in the company’s growth and strategic market position. The contracts encompass design, engineering, procurement, construction, and commissioning services, with modules as free-issue items, highlighting Gensol's expertise and commitment to the renewable energy industry.
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.
