Gensol Engineering soars on completing 160 MW solar installation in Gujarat
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Gensol Engineering is currently trading at Rs. 800.10, up by 38.10 points or 5.00% from its previous closing of Rs. 762.00 on the BSE.
The scrip opened at Rs. 765.35 and has touched a high and low of Rs. 800.10 and Rs. 765.35 respectively. So far 4393 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. 270.56 on 17-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1046.65 and Rs. 751.25 respectively. The current market cap of the company is Rs. 2885.91 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 successfully completed a 160 MW solar installation in Bhavnagar, Gujarat valued at Rs 128 crore for Continuum Green Energy, a key player in the renewable energy sector serving commercial and industrial consumers across India. This achievement highlights the company’s expertise in delivering high-quality ground-mounted solar projects efficiently.
Gensol has a distinguished track record of over 600 MW in diverse solar projects, including rooftop, ground-mounted, and floating installations across India. These projects have been completed for a wide range of clients, including commercial, industrial, and public sector units, under both turnkey and balance-of-system arrangements. The Continuum Green Energy 160 MW installation marks Gensol's sixth major ground-mount project, alongside ground-mount solar projects in the states of Karnataka, Haryana, Gujarat, and Jharkhand.
The Bhavnagar project underscores Gensol's full-service capabilities in the development, operation, and management of large-scale solar projects. Located in Gujarat, this project represents a significant step forward in the region's sustainable development and showcases the transformative impact of solar energy.
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.
