Gensol Engineering rises on securing contract worth Rs 31.75 crore

Gensol Engineering Limited, a company engaged in engineering, procurement & construction (EPC), and solar advisory services, announced today that it has received an order from an esteemed client for the development of a grid-connected ground-mounted solar power generation system. 

The value of this order stands at Rs 31.75 crore. This system, with a capacity of 9,730 kWp (+/-10 per cent), will be set up at various factory locations belonging to the client.    

This project is estimated to be completed on or before December 15, 2021.  

Gensol Engineering Limited provides various services such as technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India. It has a strong client foothold in various countries such as Kenya, Ukraine, Oman, Gabon, Sierra Leone, Nepal, Afghanistan, Indonesia, Philippines, and Chad.  

At 3.16 pm today, the share price of Gensol Engineering Limited was trading at Rs 78, an increase of 6.85 per cent over its previous day’s closing price of Rs 73 on BSE.