Hot Pursuit     05-Jul-23
Gensol Engineering gains after bagging contracts worth Rs 277 crore in Q1
Gensol Engineering advanced 1.85% to Rs 1410 after the company announced that it has received orders from clients for the supply of trackers and the development of solar power projects worth Rs 277.04 crore in Q1 FY24.

The company further stated that these projects will be developed over land, water bodies and rooftops in the states of Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.

“More than 95% of these projects are concentrated in the three states of Gujarat, Rajasthan and Maharashtra,” the company added.

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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