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Gensol Engineering is currently trading at upper limit of Rs. 1066.85, up by 50.80 points or 5.00% from its previous closing of Rs. 1016.05 on the BSE.

The scrip opened at Rs. 1061.80 and has touched a high and low of Rs. 1066.85 and Rs. 1042.90 respectively. So far 34014 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. 327.67 on 20-Jun-2023.

Last one week high and low of the scrip stood at Rs. 1094.35 and Rs. 1002.45 respectively. The current market cap of the company is Rs. 4040.47 crore.

The promoters holding in the company stood at 62.62%, while Institutions and Non-Institutions held 2.49% and 34.89% respectively.

Gensol Engineering has received the second tranche under greenshoe option allotment of 250 MW/500 MWh from Gujarat Urja Vikas Nigam (GUVNL) for standalone Battery Energy Storage Systems (BESS) project to reach 500 MW / 1000 MWh. The project including first and second tranche will generate a total revenue of Rs 2685 crore over the 12-year Battery Energy Storage Purchase Agreement (BESPA) tenure. 

The project will supply electricity on an ‘On-Demand’ basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling Energy Storage Purchase Obligations, and enhancing grid resilience. The project once commissioned at two Gujarat Energy Transmission Corporation (GETCO) substations, will deliver 500 MW/1000 MWh energy for two charge/discharge cycles per day.

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.