Gensol Engineering Ltd completes 160 MW Ground-mounted Solar project in Gujarat

Gensol Engineering Limited (BSE: 542851, NSE: GENSOL) ("Gensol" or the "Company"), a leader in the fields of solar power engineering, procurement, and construction (EPC) services, along with electric mobility, has announced the successful completion of a 160 MW solar installation in Bhavnagar, Gujarat valued at Rs 128 Crores for Continuum Green Energy, a key player in the renewable energy sector serving commercial and industrial consumers across India. This achievement highlights Gensol's expertise in delivering high-quality ground-mounted solar projects efficiently.

Gensol has a distinguished track record of over 600 MW in diverse solar projects, including rooftop, ground-mounted, and floating installations across India. These projects have been completed for a wide range of clients, including commercial, industrial, and public sector units, under both turnkey and balance-of-system arrangements. The Continuum Green Energy 160 MW installation marks Gensol's sixth major ground-mount project, alongside ground-mount solar projects in the states of Karnataka, Haryana, Gujarat, and Jharkhand.

The Bhavnagar project underscores Gensol's full-service capabilities in the development, operation, and management of large-scale solar projects. Located in Gujarat, this project represents a significant step forward in the region's sustainable development and showcases the transformative impact of solar energy.

Commenting on the project completion, Mr. Ali Imran Naqvi, CEO of Gensol Engineering Limited (EPC Business) said, "The successful completion of the 160 MW ground-mounted solar project for Continuum Green Energy is a testament to Gensol's exceptional capabilities in the renewable energy sector. Our ability to execute complex projects seamlessly showcases our unwavering commitment to enhancing India's clean energy landscape. We pride ourselves on delivering engineering excellence and innovative solutions that pave the way towards a sustainable and decarbonised future."

With partnerships spanning over 400 clients nationwide and an EPC order book exceeding 1000 crores, Gensol continues to play a pivotal role in shaping the renewable energy landscape in India, driving the nation towards a more sustainable and energy-secure future.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 762.00 as compared to the previous close of Rs. 789.20. The total number of shares traded during the day was 110131 in over 6030 trades.

The stock hit an intraday high of Rs. 813.00 and intraday low of 751.25. The net turnover during the day was Rs. 85401390.00.

Source : Equity Bulls

Keywords

GensolEngineering INE06H201014 ProjectCompletion 160MW GroundMountedSolarProject Gujarat