Shares of Gensol Engineering Ltd surged by 5% to the touch a day’s excessive of Rs 750 on seventh February after the agency secured an order price roughly Rs 967.98 crore (together with GST) for a 245 MW Photo voltaic PV Mission at Khavda RE Energy Park, Rann of Kutch in Gujarat, together with three years of O&M (operation and upkeep).
The corporate highlighted this as its second main undertaking win on the park, reinforcing its market presence and execution capabilities.
Earlier, Gensol introduced an EPC contract price Rs 1062.97 crore for a 275 MW Photo voltaic PV Mission on the similar location.
With these two initiatives, the corporate will now develop a complete of 520 MW Photo voltaic PV capability at Khavda Photo voltaic Park, set to change into the world’s largest hybrid renewable vitality park.
At the moment, the corporate’s market capitalisation stands at round Rs 2,711 crore.
At 3:05 PM, the shares of Gensol Engineering have been buying and selling 3.34% larger at Rs 737.10 on NSE.
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