Inventory market as we speak: Shares of Gensol Engineering, a number one participant within the renewable vitality sector, specialising in solar energy engineering, procurement, and building (EPC) companies, rose 6.13% within the intraday session on Monday, January 6 to ₹796.40 apiece after the corporate secured a big order.
The corporate knowledgeable traders by way of an alternate submitting as we speak that it had secured an EPC contract from a famend public sector enterprise for the event of a 275 MW photo voltaic PV mission at RE Photo voltaic Park, Khavda Rann of Kutch, Gujarat. The order worth of this mission is ₹1,061.97 crore.
“Gensol Engineering has secured a big EPC contract from a famend public sector enterprise for the event of a 275 MW photo voltaic PV mission at RE Photo voltaic Park, Khavda Rann of Kutch, Gujarat, with a complete bid worth of roughly ₹1,061.97 crore (together with GST), which incorporates three years of O&M,” the corporate mentioned in as we speak’s submitting.
Commenting on the event, Shilpa Urhekar, Chief Govt Officer, Photo voltaic EPC (India) at Gensol Engineering, acknowledged, “We have now began Calendar 12 months 2025 on a excessive observe. We have now been awarded a prestigious photo voltaic PV mission contract from a famend public sector enterprise at RE Photo voltaic Park, Khavda Rann of Kutch, Gujarat. This partnership holds immense worth for us, and we’re grateful for the continued belief and confidence positioned in us by such a big renewable vitality company.”
Latest developments
The corporate has been buzzing on Dalal Road in latest months on the again of regular order wins. In late December, it secured a big EPC contract from NTPC Renewable Power (NTPC REL). This contract entails the event of a 225 MW-AC (equal to 276 MW-DC) grid-connected photo voltaic PV mission at GSECL Photo voltaic Park (Stage-III), Khavda, positioned within the Rann of Kutch, Gujarat.
The entire bid worth for this mission, together with operations and upkeep (O&M) for a length of three years, quantities to roughly ₹897.47 crore, inclusive of taxes and duties.
In the meantime, in September, the corporate emerged because the lowest bidder for growing India’s first bio-hydrogen mission for a number one energy era firm. It can undertake the mission in collaboration with Matrix Fuel & Renewables.
In August, the consortium of Gensol Engineering and Matrix Fuel was awarded a 237 MW annual capability below the Manufacturing Linked Incentive (PLI) scheme for establishing an electrolyzer manufacturing plant. They received the bid by way of a aggressive tender carried out by the Photo voltaic Power Company of India (SECI).
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