Gensol Engineering Ltd News

Gensol Engineering gains over 3% on bagging order of Rs 186 crore; details

The rise in Gensol Engineering share price came after the company announced that it has secured a contract win of 23MWp for a rooftop solar project in Dubai worth Rs 186 crore.

Gensol Engg to set up India's first green hydrogen plant in JV; stock up 3%

Gensol Engineering share price gained up to 2.87 per cent at Rs 935 per share on the BSE in Wednesday's intraday deals

Gensol-Matrix consortium wins Rs 164 crore for first bio-hydrogen project

It announced they have emerged as the lowest bidder for the EPC of India's first biomass to green hydrogen project.

Gensol Engg and Matrix Gas consortium win Rs 164-crore bid; stock rises 3%

The project is scheduled for completion within 18 months, the company said.

Gensol Engineering sets up US subsidiary, to supply 2,000 MW solar trackers

Homegrown Gensol Engineering on Wednesday said it has set up a subsidiary in the US with an aim to supply over 2,000 MW solar trackers annually by 2028 to key renewable energy markets. The first US office of the newly formed arm Scorpius Trackers Inc will be located in California, positioning the company at the heart of one of the most dynamic renewable energy markets globally, Gensol Engineering said in a statement. "Gensol Engineering announces entry into the US market with Scorpius Trackers Inc. With a goal to supply over 2,000 MW annually by 2028, Scorpius Trackers Inc aims to capitalise on its decade-long experience," the company said. It has over 1,000 MW of contracted orders across key markets including India, Africa, Japan, and the Middle East, it said. The US solar tracker market, which is the largest in the world deploys trackers aggregating over 25,000 MW annually. The US tracker market is growing at a robust compound annual growth rate (CAGR) of more than 20 per cent,

Gensol Engineering Q1 result: PAT grows over 2-fold to Rs 32.5 cr

Gensol Engineering on Monday posted over two-fold growth in standalone profit after tax (PAT) Rs 32.5 crore for the quarter ended June 2024 on higher revenues. It had reported a PAT of Rs 12.3 crore in the April-June period of the preceding 2023-24 financial year, the company said in an exchange filing. The company's revenues surged to Rs 275 crore from Rs 147 crore in the year-ago quarter. Gensol Engineering Ltd Chairman and Managing Director Anmol Singh Jaggi said, "Our performance in Q1 FY25 has been exceptional. Gensol is expanding its presence in current and new business segments like Solar, BESS (battery energy storage systems) & EV Leasing, which are poised for significant growth in the near future, boosting our overall profitability". The renewable energy space is experiencing rapid expansion, driven by increasing demand for sustainable solutions and supportive government policies, he added. Gensol Engineering recently bagged a Rs 463 crore solar plant project at Gujarat's

Here's why Gensol Engineering's stock locked in upper circuit on Budget Day

Shares of Gensol Engineering were locked in a 5 per cent upper circuit at Rs 983.90 per share on the BSE in Tuesday's intraday deals

Gensol Engg hits 5% upper circuit on securing project worth Rs 1,340 crore

The rise in stock came after the company emerged as a successful bidder for a 250-Mw/500 MWh battery energy storage system (BESS) tender floated by Gujarat Urja Vikas Nigam Limited

Gensol Engineering wins bidding for Rs 1,340 cr energy storage project

Gensol Engineering on Wednesday said it has emerged as a successful bidder for Gujarat Urja Vikas Nigam's 250 MW (500 MWh) Battery Energy Storage Project worth Rs 1,340 crore. The project will supply electricity on an 'on-demand' basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing grid resilience, a company statement said. According to the statement, Gensol Engineering -- a pioneer in solar power engineering, procurement, and construction (EPC) services and electric mobility sector -- emerged as a successful bidder for 250 MW/500 MWh standalone battery energy storage systems (BESS) project from Gujarat Urja Vikas Nigam Ltd (GUVNL). The project will deliver 250 MW/500 MWh energy for two charge/discharge cycles per day. Gensol Engineering Managing Director Anmol Singh Jaggi said in the statement, "Securing this project enables us to make a ...