|
The scope of the contract includes design, engineering, procurement and construction along with the commissioning of the solar power facility at SEML’s Kharora plant in Chhattisgarh.
The contract value stood at Rs 138.72 crore and is scheduled for completion within a 6-month timeline.
Ali Imran Naqvi, CEO (head – BD & projects) of Gensol Engg commented, “Known for its rich mineral deposits and burgeoning industrial sector, Chhattisgarh presents a dynamic market with immense potential for renewable energy integration. This project aligns with our vision to tap into such high-growth areas and to contribute to a greener, cleaner tomorrow.”
Gensol Engineering is a company that provides engineering, procurement, and construction (EPC) services for solar power plants. They have a team of over 250 employees and specialize in managing international turnkey projects.
On a consolidated, the company’s net profit climbed 51.1% year on year to Rs to Rs 11.92 crore in Q2 FY24. Net sales zoomed to Rs 199.43 crore in Q2 FY24 as against Rs 80.92 crore recorded in Q2 FY23.
Shares of Gensol Engineering fell 0.96% to end at Rs 840 on the BSE.
|