Gensol Group

BluSmart not for sale; its total debt at all-time low: Anmol Jaggi

Jaggi elaborates on financing plans, the issues under investigation, and the way forward

Gensol Engineering to raise Rs 600 cr via FCCBs, promoter warrants

Gensol Engineering on Thursday announced plans to raise Rs 600 crore through the issuance of foreign currency convertible bonds and warrants. The move aims at achieving sustainable growth, reducing debt, and maximising value for its stakeholders, the company said in an exchange filing. The Board of Directors, in its meeting held earlier today, has approved fundraising initiatives amounting to Rs 600 crore, aimed at significantly enhancing its financial standing, the company said. While Rs 400 crore will be raised through the issuance of Foreign Currency Convertible Bonds (FCCBs), and Rs 200 crore by issuing warrants to promoters. Currently, Gensol Engineering has a debt of Rs 1,146 crore against reserves of Rs 589 crore, resulting in a debt-equity ratio of 1.95. After the Rs 600 crore fundraise, the company's reserves are expected to increase to approximately Rs 1,200 crore. With Rs 615 crore of divestments underway, the company's debt will be reduced to approximately Rs 530 ...

Gensol Engineering slides for 13th straight day, stock down 65% in 2025

The counter has fallen by 65 per cent so far this year and by nearly 80 per cent since its previous peak in February last year

Gensol Engineering shares plunge 50% in 12 days; rating downgrades weigh

Gensol Engineering share: The board of directors of the company will meet on Thursday, March 13, 2025, to consider and approve fund raising plan and stock split

Stocks to Watch, March 11: IndusInd Bank, Gensol, BEL, Syngene, NTPC, FSL

Stocks to Watch Today, March 11, 2025: IndusInd Bank share price will be in focus today after the bank reported discrepancy in derivative trade. This comes after the CEO got just a one-year extension

Gensol Engineering tanks 58% in 1 month; promoters offload 2.37% stake

Gensol Engineering share price was down 4% to Rs 308 on the NSE in Monday's intra-day trade after the promoter of the company, on Friday, March 7, sold 900,000 shares or 2.37% stake via open market

Gensol Engg share price tanks 35% in 3 days on downgrades by CARE, ICRA

ICRA has learnt that certain documents shared by Gensol Engineering with the rating agency, on its debt servicing track record, were apparently falsified

Smallcap tanks 20% on heavy volumes today; plunges 63% from 52-week high

Gensol Engineering share price dragged after CARE Ratings downgraded the company's ratings on long-term and short-term loan facilities to 'default' category

Gensol Engineering to sell US arm Scorpius Trackers for Rs 350 cr

Gensol Engineering on Tuesday said it has inked a pact for sale of its US subsidiary Scorpius Trackers Inc for Rs 350 crore to a major renewable energy solutions provider in the US. The deal includes the transfer of exclusive and global intellectual property (IP) rights (except India) for Scorpius Trackers' advanced solar tracking technology, the company said in a statement. According to the statement, Gensol Engineering -- a leading player in India's renewable energy sector -- has signed a non-binding term sheet for a Rs 350 crore strategic transaction involving the sale of its US subsidiary, Scorpius Trackers Inc, to a major renewable energy solutions provider in the US. This transaction underscores Gensol's strategy to monetise high-value assets, unlock capital from its subsidiaries, and reinvest in its core growth areas, strengthening the company's financial position, it said. The deal will be completed in two tranches, with full closure expected by March 2026, subject to due .

Gensol Engineering Q3FY25 results: Net profit rises 6% to Rs 18 crore

Gensol Engineering on Tuesday reported over 6 per cent rise in consolidated profit after tax to Rs 18 crore in the December quarter, on account of increased revenue. It posted Rs 17 crore PAT in the year-ago period, the company said in a statement. The company's total revenue increased 30 per cent to Rs 345 crore from Rs 266 crore in the same quarter a year ago, it said. Its EBITDA stood at Rs 63 crore during the quarter compared to Rs 53 crore a year earlier. During the quarter, Gensol Engineering won a major EPC contract from a well-known Public Sector Undertaking for the development of a 275 MW Solar PV Project at RE Solar Park, Khavda Rann of Kutch, Gujarat. The total bid value is around Rs 1,061.97 crore (including GST), which also covers three years of operation and maintenance (O&M). It also secured a major contract with NTPC Renewable Energy Ltd to develop a 225MW-AC (276 MWDC) solar PV system at GSECL Solar Park, Gujarat, worth Rs 897.47 crore, the statement added.

Gensol Ezio EV to debut at Bharat Mobility Expo 2025 with 200 km range

The Ezio EV will be a quadricycle-like, two-door, two-seat model delivering a claimed range of up to 200 km

Gensol Engineering shares fly 10% on Rs 897 crore-order win; details inside

The surge in Gensol Engineering share price came after the company announced that it has secured a major engineering procurement and construction (EPC) contract from NTPC Renewable Energy Limited

Gensol Engineering bags Rs 897 crore solar project contract from NTPC REL

This contract entails the development of 225MW-AC (alternate current), equivalent to 276 MW DC (direct current), grid connected solar projects

Gensol Engineering zooms over 5% on securing Rs 780 crore solar PV project

Gensol Engineering share price surged 5.45 per cent at Rs 860 a piece on the BSE in Monday's intraday deals

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, Matrix Gas win Rs 450 cr PLI scheme for hydrogen electrolyser mfg

Gensol, Matrix Gas emerged as the winning consortium for a 237 MW hydrogen electrolyser manufacturing capacity PLI scheme, part of India's National Green Hydrogen Mission