Upper Circuit: This renewable energy multibagger stock receives orders worth Rs 501.19 crore. Do you own it?

The total value of these projects is Rs 501.19 crore which takes the total order book to over Rs 1025 crore.

On Friday, the shares of Gensol Engineering rallied 5 per cent and got locked at upper circuit level of Rs 978.60 per share on BSE. The scrip witnessed a spurt in volume by more than 2.64 times and closed 2.58 per cent up at Rs 956 apiece.   

The company informed the exchange that it has received orders from their reputed clients for building solar power projects of 247 MWp cumulative capacity in the states of Andhra Pradesh, Haryana, Gujarat, Jharkhand, Kerela, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal.  

Of these wins, three projects have carved momentous recesses in the entire portfolio developed by the company thus far. While one is the largest ground mount capacity in Gujarat taken up by Gensol for an India-based renewable energy platform, another is the largest single rooftop project that will be executed for a notable textile manufacturer in Madhya Pradesh.     

The total value of these projects is Rs 501.19 crore which takes the total order book to over Rs 1025 crore.    

Gensol Engineering Ltd is engaged in the business of solar consulting & EPC. The company's services include solar advisory, solar EPC, solar O&M along with solar monitoring & analysis. It also provides dedicated consultancy services for extra-high voltage (EHV) transmission lines.      

Watch out for this trending multi-bagger stock in the coming trading sessions.