Rs 1,000 crore order book and FIIs & DIIs increase stake: This multibagger solar power EPC company achieves milestone of 1,000 MW + contracted orders globally!

The stock gave multibagger returns of 145 per cent in just 1 year and a whopping 4,800 per cent in 3 years.

Scorpius Trackers, a leading solar tracking technology company and a subsidiary of Gensol Engineering Ltd (BSE: 542851, NSE: GENSOL), announces the achievement of reaching a significant milestone of 1000 MW + in contracted orders across India, Japan, Saudi Arabia and Uganda solidifying its position as a key player in the global solar tracking industry.

Scorpius Tracker is a leader in reliable single-axis solar trackers and leverages cutting-edge technology like self-maintaining bearings, real-time GPS tracking, and AI-powered SCADA systems to maximize solar power generation efficiency. As they celebrate their achievements, Scorpius remains dedicated to relentless innovation for the benefit of their global clients.

Recently, Gensol Engineering has been flexing its muscle in solar. They just landed their biggest project ever, a 100 MWac/135 MWp ground-mounted solar plant in Maharashtra valued at a whopping Rs 520 crore. This massive project encompasses everything from land acquisition across 500 acres to managing the plant's operation and maintenance for 3 years. Additionally, Gensol recently completed a substantial 10.6 MWp rooftop project for Trident Limited and a 160 MW solar installation in Gujarat, pushing their total completed projects in India past the 600 MW mark.

Today, shares of Gensol Engineering Limited hit a 5 per cent upper circuit to Rs 924.65 per share from its previous closing of Rs 880.65 with an intraday high of Rs 924.65 and an intraday low of Rs 897.90. The stock’s 52-week high is Rs 1,377.10 and its 52-week low of Rs 311.69.

About Gensol Engineering Ltd

Gensol Engineering, founded in 2012, is a leading solar EPC company with over 600 MW of installed solar power globally. They've recently expanded beyond solar with a state-of-the-art EV manufacturing facility in Pune, India, producing three- and four-wheeled electric vehicles with ARAI approval. Gensol aims to revolutionize India's EV landscape by not only manufacturing vehicles but also offering leasing solutions to various clients, and further strengthened their renewable energy focus by acquiring Scorpius Trackers, a bankable solar tracking technology company.

The company has a market cap of over Rs 3,400 crore and as of December 31, 2023, the company’s order book stands at over Rs 1,000 crore. As of December 2023, FIIs bought 4,84,721 shares and increased their stake to 2.94 per cent compared to 2.57 per cent in September 2023 while DIIs increased their stake to 0.84 per cent in December 2023 compared to 0.75 per cent in September 2023.

An ace investor, Mukul Agrawal owns 5,70,000 shares or 1.51 per cent stake in the company. The stock gave multibagger returns of 145 per cent in just 1 year and a whopping 4,800 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.