Gensol Engineering Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The project involves the development of a 22 MW ground-mounted solar PV power plant with a total contract value of Rs 88 crore and is set to be executed over a 6-month period.

The project will feature high-efficiency bi-facial solar modules, selected to maximize energy output and ensure long-term durability. This innovative approach supports India's ambitious renewable energy goals and plays a key role in developing a strong green energy infrastructure.

With solar power leading the way, renewable solutions are increasingly popular in the commercial and industrial sectors, helping businesses reduce their carbon footprint and embrace sustainability.

By leveraging its expert design and execution capabilities, Gensol will ensure optimal capture and utilization of solar energy that will help the customer make its manufacturing processes more sustainable and responsible. The awarding of this contract to Gensol highlights the company’s growing expertise and proven track record of delivering renewable energy projects on time, it added.

Shilpa Urhekar, chief executive officer (CEO), Solar EPC (India), Gensol Engineering, said, We are deeply grateful for the trust placed in us by the customer. This significant project is a testament to Gensol’s growing expertise as a provider of comprehensive, end-to-end solar solutions for commercial, industrial, and corporate clients to meet their sustainability and energy transition commitments.

It will play a vital role in advancing India’s clean energy transition, aligning with our firm commitment to contributing to the low-carbon energy mix. We look forward to further collaborating with the state of Punjab and the steel industry to support and enhance India’s renewable energy goals and decarbonise the supply chain & manufacturing.”

Gensol Engineering offers end-to-end EPC and solar advisory services. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.

The company's consolidated net profit doubled to Rs 20.48 crore in the quarter ended June 2024 as against Rs 10.24 crore during the previous quarter ended June 2023. Sales rose 104.11% to Rs 295.15 crore in Q1 FY25 over Q1 FY24.

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Gensol Engineering has secured a first large turnkey Solar project from a leading steel product company in Punjab. The project involves the development of a 22 MW ground-mounted solar PV power plant, with a total contract value of Rs 88 crore is set to be executed over a 6-month period.

The project will utilize high-efficiency Bi-facial solar modules, strategically chosen to maximize energy output and ensure long-term durability. This innovative approach aligns perfectly with India's ambitious renewable energy targets and contributes significantly to the development of a robust green energy infrastructure. Led by solar power, renewable solutions are gaining traction in the C&I segment as they allow commercial establishments and industries to decarbonize their energy consumption and cut down carbon footprint, embrace sustainability

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This order book includes solar projects from both public sector undertakings (PSUs) and private clients, to be executed within a timeline of 12 to 18 months.

Apart from the solar order book, Gensol has secured orders for Battery Energy Storage Systems (BESS) under the BOO model thereby boosting its revenue potential and reinforcing its commitment to advancing renewable energy, addressing intermittent nature of renewable energy (RE) sector.

Anmol Singh Jaggi, chairman and managing director of Gensol said: “This robust order book reflects the strength and organizational capability of Gensol Engineering to execute big ticket orders and help the nation achieve its renewable energy goals. With an unexecuted order book of over Rs 5,000 crore, we are poised for a significant leap in India’s rapidly expanding solar sector.

Beyond this, our achievements in Battery Energy Storage Systems (BESS) under the BOO model and power generation have helped diversify our operations and expand our total solar and battery storage revenue visibility to over Rs 10,000 crore.”

Gensol Engineering offers end-to-end EPC and solar advisory services. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.

The company's consolidated net profit doubled to Rs 20.48 crore in the quarter ended June 2024 as against Rs 10.24 crore during the previous quarter ended June 2023. Sales rose 104.11% to Rs 295.15 crore in Q1 FY25 over Q1 FY24.

The scrip rose 0.23% to close at Rs 841 on Tuesday, 5 November 2024.

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The project involves the development of a 150 MWac ground-mounted solar photovoltaic (PV) power plant. The contract is valued at Rs 780 crore and is scheduled to be executed over a 15-month period.

The company will manage the entire lifecycle of a significant solar power project, beginning with the complex task of land acquisition and extending through the detailed phases of design, engineering, procurement and logistics. The project involves the manufacturing, supply, erection, inspection, installation, testing and commissioning of a 150 MWac grid-connected ground-mounted solar photovoltaic (PV) power plant.

Gensol will develop the necessary power evacuation infrastructure to connect the facility to the state transmission utility (STU) substation. Additionally, the contract includes three years of operation and maintenance (O&M) services for the project, inclusive of maintenance of the plant's switchyard and its extensive transmission infrastructure.

Shilpa Urhekar, chief executive officer, Solar EPC (India), Gensol Engineering, said, We are deeply grateful for the trust placed in us by one of India’s leading public sector utilities. This significant project is a testament to Gensol’s growing expertise as a provider of comprehensive, end-to-end solar solutions. It will play a vital role in advancing India’s clean energy transition, aligning with our firm commitment to contributing to the right energy mix. We look forward to further collaborating with the state of Maharashtra to support and enhance India’s renewable energy goals.”

Gensol Engineering offers end-to-end EPC and solar advisory services. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.

The company's consolidated net profit doubled to Rs 20.48 crore in the quarter ended June 2024 as against Rs 10.24 crore during the previous quarter ended June 2023. Sales rose 104.11% to Rs 295.15 crore in Q1 FY25 over Q1 FY24.

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