Electric equipment stock jumps 4% after it receives order worth ₹1,062 Cr from PSU companyElectric equipment stock jumps 4% after it receives order worth ₹1,062 Cr from PSU company

Introduction:

Leading player in the renewable energy sector has secured a significant EPC contract for a 275MW Solar PV project at RE Solar Park, Khavda Rann, Kutch, Gujarat. The contract, valued at INR 1061.97 crores, includes three years of O&M services.

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Share price movement of Gensol Engineering:

On January 6, 2025, Gensol Engineering Ltd opened at ₹751.00. Throughout the day, the stock reached a high of ₹795.40, and dipped to a low of ₹723.95. By 11:35 AM, it was trading at ₹785.50, marking a 4% increase from the previous close, with a market capitalization of ₹2,880.77 crore.

Gensol Secures 275MW Solar EPC Contract:

Gensol Engineering Ltd. has been awarded a major EPC contract for a 275MW Solar PV project at RE Solar Park, Khavda Rann, Kutch, Gujarat, from a renowned Public Sector Undertaking. The project is valued at INR 1061.97 crores, including GST.

The contract includes three years of Operations and Maintenance (O&M) services. Gensol Engineering, a leader in renewable energy and solar power solutions, will oversee the engineering, procurement, and construction of the solar project, marking a significant step in India’s renewable energy expansion.

Stock performance of Gensol Engineering for Period of 1 week, 6 months and 1 year:

Over the past week, Gensol Engineering Ltd. saw a decline of 1.03%. The stock has dropped 24.5% over the last six months and 8.36% over the past year, reflecting a challenging performance in the recent period.

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Shareholding pattern of Gensol Engineering:

All values in %	Sep 2024	Jun 2024	Mar 2024
Promoter	62.60%	62.80%	62.60%
FII	2.30%	2.00%	2.40%
DII	0.00%	0.00%	0.10%
Public	35.10%	35%	34.90%

About Gensol Engineering:

Gensol Engineering Limited (NSE: GENSOL) is a leader in renewable energy, specializing in solar EPC services, electric mobility solutions, and energy storage. With a team of 500+ professionals, Gensol drives innovation in solar power, EV manufacturing, and green hydrogen.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.