Gensol Engineering Restricted introduced as we speak it has secured an Engineering, Procurement and Development (EPC) contract value ₹968 crore for creating 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 enterprise, contains 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 tasks, the corporate will likely be liable for creating 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 exhibit the corporate’s dedication to delivering sustainable vitality options. Shilpa Urhekar, CEO of Photo voltaic EPC (India), famous that the contracts replicate belief in Gensol’s engineering experience.
Established in 2012, Gensol Engineering has executed over 770 MW of photo voltaic tasks throughout India. The corporate has diversified into electrical automobile manufacturing with a 30,000-vehicle annual capability facility in Pune, and likewise affords EV leasing options. Moreover, Gensol offers battery vitality storage options and is concerned in creating inexperienced hydrogen manufacturing infrastructure.
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