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These projects have a combined capacity of 14.08 MWp and a total order value of Rs 101.6 crore. The two turnkey contracts are with Dubai Government Workshop Warehouse and Dubai Police. Gensol will be responsible for various activities such as design, engineering, supply, construction, testing, commissioning, and operation & maintenance of these projects. The Dubai Government Workshop Warehouse project is expected to be commissioned in November 2023, while the Dubai Police project is scheduled to go online in June 2024.
Anmol Singh Jaggi, managing director, Gensol Engineering said, "We are delighted with the new prestigious order wins in Dubai. With this, we also venture into international markets and mark a significant step towards fulfilling our vision of driving sustainable energy transitions globally. In addition, there are multiple orders to be announced in the coming months."
Gensol Engineering is a company that provides engineering, procurement, and construction (EPC) services for solar power plants. They have a team of over 240 employees and specialize in managing international turnkey projects.
On a consolidated basis, net profit of Gensol Engineering rose 2.71% to Rs 10.24 crore on 41.31% increase in net sales to Rs 144.60 crore in Q1 June 2023 over Q1 June 2022.
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