Gensol Engineering Shines with New Solar Win

Gensol Engineering continues its stellar run in the renewable energy space, with shares climbing 6.13% to ₹796.40 in Monday’s intraday trade. The surge comes on the heels of the company landing a massive ₹1,061.97 crore EPC contract for a 275 MW solar PV project at RE Solar Park in Gujarat’s Khavda Rann of Kutch. This isn’t just a big win—it’s a statement of Gensol’s growing stature in the solar EPC sector. CEO Shilpa Urhekar called the new deal a strong start to 2025, emphasizing the trust placed in Gensol by a major public sector player. With the project including three years of operations and maintenance, it sets the stage for both immediate and sustained revenue generation. This isn’t Gensol’s first major splash in recent months. December saw the company secure a ₹897.47 crore project from NTPC Renewable Energy for a 225 MW-AC solar PV installation, also in Khavda. And in September, it was the buzz of the industry as it clinched India’s first bio-hydrogen project in partnership with Matrix Gas & Renewables. On top of these wins, the consortium of Gensol and Matrix Gas bagged a 237 MW annual capacity under SECI’s PLI scheme to establish an electrolyzer manufacturing plant. Each of these projects showcases Gensol’s ability to diversify and innovate, cementing its role as a renewable energy leader. For investors, Gensol’s ability to consistently win high-value contracts signals strong growth potential. With solar demand surging and the company leveraging its expertise across emerging sectors like hydrogen, it’s clear Gensol Engineering is on a path to long-term success.

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