Gensol Engineering surges on bagging order from MAHAGENCO
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Gensol Engineering is currently trading at Rs. 866.25, up by 31.05 points or 3.72% from its previous closing of Rs. 835.20 on the BSE.
The scrip opened at Rs. 845.05 and has touched a high and low of Rs. 886.25 and Rs. 845.05 respectively. So far 4286 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 945.85 on 18-Oct-2023 and a 52 week low of Rs. 265.42 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 945.85 and Rs. 820.35 respectively. The current market cap of the company is Rs. 3329.03 crore.
The promoters holding in the company stood at 64.67%, while Institutions and Non-Institutions held 3.32% and 32.01% respectively.
Gensol Engineering has received order from Maharashtra State Power Generation (MAHAGENCO). The order value of this project is pegged at Rs 301.54 crore, including taxes. The company has bagged order for the conceptualization, engineering, provisioning, installation, testing, and commissioning of a state-of-the-art 62 MWAC Crystalline Solar PV Technology Grid Interactive Solar PV Power Plant situated at Village Paras, Taluka Balapur, District Akola in Maharashtra.
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.
