IGI Logo

Gensol Engineering is currently trading at Rs. 843.75, up by 40.15 points or 5.00% from its previous closing of Rs. 803.60 on the BSE.

The scrip opened at Rs. 843.75 and has touched a high and low of Rs. 843.75 and Rs. 843.75 respectively. So far 1691 shares were traded on the counter.

The BSE group 'T' 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. 265.68 on 14-Mar-2023.

Last one week high and low of the scrip stood at Rs. 865.00 and Rs. 794.00 respectively. The current market cap of the company is Rs. 3043.47 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 (GEL) has signed Memorandum of Understanding (MoU) with the Government of Gujarat, electrifying India's path towards a sustainable future. This landmark MoU signed as part of the investment promotion activity for Vibrant Gujarat Global Summit 2024, marks Rs 2,000 crore investment in a state-of-the-art Electric Vehicle (EV) manufacturing for Gensol EV, poised to generate around 1,500 green jobs in the region. This strategic alliance signifies GEL's unwavering commitment to its vision of a cleaner tomorrow. 

The proposed EV manufacturing plant will be a powerhouse of innovation, churning out a diverse range of cutting-edge EVs across segments, catering to both commercial and personal vehicle space. The signing of this MoU marks a defining moment in the collective endeavor of GEL and the Government of Gujarat to accelerate EV adoption. This bold initiative exemplifies India’s commitment to sustainable development, propelling the country towards a cleaner and greener future.

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.