This renewable energy multibagger stock has won a tender for floating solar projects with bids of Rs 232 crore! Do you own it?

Year-to-date, the stock is up by 1,080 per cent and over the last six months, it has furnished returns of 274 per cent. 

Gensol Engineering Ltd has informed the bourses that in the month of November 2022 they won the bid for the development of 30 MWac (and a minimum of 40 MWdc) floating solar projects by bidding Rs 232.49 crore. 

These grid-connected floating solar projects of 30 MWac capacity on raw water reservoirs at state- owned power generator’s thermal power plants. This capacity is spread over three thermal power stations in Jharkhand (6 MWac at Koderma) and West Bengal (14 MWac at Mejia and 10 MWac at Raghunathpur). 

The scope of work includes design, engineering, supply, construction, testing and commissioning of these projects along with comprehensive operation and maintenance services for 10 years after successfully commissioning the plant. 

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.    

On Thursday, the shares of Gensol Engineering closed at Rs 1,405.90 per share on BSE, down by 1.15 per cent. The scrip has more than doubled in less than five months. Year-to-date, the stock is up by 1,080 per cent and over the last six months, it has furnished returns of 274 per cent. 

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