Hot Pursuit     09-Aug-23
Gensol Engineering gains on bagging Rs 115 crore contract from OREDA
Gensol Engineering added 3.02% to Rs 1744.15 after the company announced that it has secured an letter of intent (LoI) from OREDA to provide 300 electric vehicles on operational lease with fleet management services for a 5 year period.

The company had participated in this tender on behalf of its subsidiary Gensol EV Lease to provide electric vehicles on lease to Odisha Renewable Energy Development Agency (OREDA) and was declared successful bidder as a part of tendering process.

The cumulative billing value of this tender is Rs 115 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.

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