Gensol Engineering soars on securing EPC contract worth Rs 967.98 crore
Gensol Engineering is currently trading at Rs. 738.45, up by 24.95 points or 3.50% from its previous closing of Rs. 713.50 on the BSE.
The scrip opened at Rs. 735.00 and has touched a high and low of Rs. 751.45 and Rs. 731.00 respectively. So far 7493 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. 634.45 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 776.20 and Rs. 708.55 respectively. The current market cap of the company is Rs. 2807.05 crore.
The promoters holding in the company stood at 62.65%, while Institutions and Non-Institutions held 2.00% and 35.34% respectively.
Gensol Engineering has further solidified its position as a key driver of India's energy transition by securing a significant EPC contract. The company has been awarded a contract by a renowned public sector undertaking for the development of a 245 MW Solar PV Project at the prestigious Khavda RE Power Park in Gujarat. This contract, valued at approximately Rs 967.98 crore (inclusive of GST), includes three years of comprehensive O&M services.
This marks Gensol's second major project win at the Khavda Solar Park within a short span, underscoring the company's strong market presence and execution capabilities. Earlier this month, the company secured an EPC contract worth Rs 1062.97 crore for a 275 MW Solar PV Project--part of the larger 795 MW Solar PV Development Package--at the same location. With these two significant projects, Gensol will now be responsible for the cumulative development of 520 MW of Solar PV capacity at the Khavda Solar Park, a site poised to become the world's largest hybrid renewable energy park.
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.
