Gensol Engineering Restricted introduced as we speak it has secured an Engineering, Procurement and Development (EPC) contract price ₹968 crore for growing a 245 MW photo voltaic photovoltaic undertaking on the Khavda RE Energy Park in Gujarat’s Rann of Kutch. The contract, awarded by an unnamed public sector endeavor, consists of three years of operations and upkeep providers.
The shares of Gensol Engineering Restricted have been buying and selling at ₹732.50 up by ₹19.20 or 2.69 per cent on the NSE as we speak at 2.10 pm.
This marks Gensol’s second main contract on the Khavda Photo voltaic Park this month, following an earlier ₹1,063 crore order for a 275 MW photo voltaic undertaking. With these two initiatives, the corporate will likely be answerable for growing a complete of 520 MW photo voltaic capability at what is ready to develop into the world’s largest hybrid renewable vitality park.
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Anmol Singh Jaggi, Managing Director of Gensol Engineering, stated these consecutive orders show the corporate’s dedication to delivering sustainable vitality options. Shilpa Urhekar, CEO of Photo voltaic EPC (India), famous that the contracts mirror belief in Gensol’s engineering experience.
Established in 2012, Gensol Engineering has executed over 770 MW of photo voltaic initiatives throughout India. The corporate has diversified into electrical automobile manufacturing with a 30,000-vehicle annual capability facility in Pune, and likewise presents EV leasing options. Moreover, Gensol offers battery vitality storage options and is concerned in growing inexperienced hydrogen manufacturing infrastructure.
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