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GensolEngineering rises as its Solar EPC order book crosses Rs 5,400 crore
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Gensol Engineering is currently trading at Rs. 849.20, up by 9.70 points or 1.16% from its previous closing of Rs. 839.50 on the BSE.
The scrip opened at Rs. 854.00 and has touched a high and low of Rs. 859.00 and Rs. 845.00 respectively. So far 16344 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. 720.00 on 11-Dec-2023.
Last one week high and low of the scrip stood at Rs. 860.00 and Rs. 745.60 respectively. The current market cap of the company is Rs. 3216.17 crore.
The promoters holding in the company stood at 62.58%, while Institutions and Non-Institutions held 2.30% and 35.12% respectively.
Gensol Engineering’s Solar EPC order book has crossed Rs 5,400 crore as on October 31, 2024. In addition, it has a strong bid pipeline that far surpasses the current orderbook. Apart from the solar order book, Gensol has secured orders for Battery Energy Storage Systems (BESS) under the BOO model thereby boosting its revenue potential and reinforcing its commitment to advancing renewable energy, addressing intermittent nature of renewable energy (RE) sector. Its revenue visibility stood at Rs 10,382 crore as on October 31, 2024.
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.
