"Gensol Engineering Stock Jumps 3% After Securing ₹520 Crore Solar PV Project"

Gensol Engineering Ltd has clinched an Engineering, Procurement, and Construction (EPC) order from a power generation utility in Maharashtra. The project, as revealed in the company's stock exchange filing, entails the establishment of a 100 MWAC/135 MWp ground-mount solar photovoltaic (PV) power project spanning 500 acres in Maharashtra, with a total order value of ₹520 crore.

Ali Imran Naqvi, CEO of Gensol Engineering's EPC Business, expressed the significance of this project in India's transition towards clean energy and a decarbonized future. He affirmed, "This project will play a critical role in India’s clean energy transition and decarbonised future, and we stand 100 per cent committed to this goal while bringing in the right energy mix."

HBL