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The company won bid for the conceptualization, engineering, provisioning, installation, testing, and commissioning of 62 MWAC crystalline solar PV technology grid interactive solar PV power plant situated at Village Paras, Taluka Balapur, District Akola in Maharashtra.
Additionally, the company said that its responsibilities extend to the establishment of the associated HT overhead transmission line/underground cable, supplemented with all essential electrical equipment. It also encompasses the creation of bays culminating at the point of interconnection at the 220 kV bays at Paras Substation.
Furhter, Gensol is entrusted with a 5-year operation & maintenance stewardship of the solar power plant and its associated evacuation mechanism.
Gensol Engg stated that it has emerged as the chosen entity with a comprehensive contract value of Rs 301.54 crore and is poised to bring this project to fruition within a dedicated 12-month timeframe.
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, the company's net profit 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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