Introduction:
Leading solar energy company has secured a ₹967.98 crore EPC contract for a 245 MW Solar PV project at Khavda RE Power Park. This reinforces its position in India’s renewable energy sector with a cumulative 520 MW development at the site.
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Share price movement of Gensol Engineering:
On February 7, 2025, Gensol Engineering Ltd opened at ₹735.00, up 3.01% from its previous close of ₹713.50. The stock reached a high of ₹751.45 and a low of ₹731.00. By 10:16 AM, it traded at ₹734.95, a 3.01% increase, with a market cap of ₹2,792.99 crore.
Gensol Engineering Secures ₹967 Crore Solar Contract:
Gensol Engineering Ltd. has secured an EPC contract valued at ₹967.98 crore for a 245 MW Solar PV project at Khavda RE Power Park in Gujarat. The contract includes three years of operations and maintenance services, further strengthening Gensol’s position in the renewable energy sector.
This project marks Gensol’s second major win at the Khavda Solar Park. Earlier this month, the company secured another EPC contract worth ₹1,062.97 crore for a 275 MW Solar PV project, contributing to India’s energy transition goals.
With a cumulative development of 520 MW at Khavda Solar Park, Gensol is playing a pivotal role in the growth of the world’s largest hybrid renewable energy park. This reinforces its market leadership and execution capabilities in the solar energy sector.
Recent news on Gensol Engineering:
As of January 16, 2025, Gensol Engineering Ltd announced a strategic tie-up with Refex Green Mobility for the transfer of 2,997 electric four-wheelers (e4Ws). This partnership enhances Gensol’s position in the electric vehicle space.
Stock performance of Gensol Engineering for Period of 1 week, 6 months and 1 year:
Gensol Engineering Ltd has declined by 4.00% over the past week and 30.3% over the last six months. The one-year return shows a significant drop of 38.6%, indicating a challenging performance over the long term.
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Shareholding pattern of Gensol Engineering:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 62.70% | 62.60% | 62.80% |
| FII | 1% | 2.30% | 2.00% |
| DII | 1.40% | 0.00% | 0.00% |
| Public | 35% | 35.10% | 35.30% |
About Gensol Engineering:
Gensol Engineering Limited (NSE: GENSOL) is a leading renewable energy company specializing in solar EPC services and electric mobility solutions. With expertise in solar projects, EV manufacturing, and energy storage, Gensol is contributing to India’s sustainable energy transition.
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.
