Gensol Engineering wins multiple tenders
Solar design & engineering company, Gensol Engineering Ltd, announced that the company has recently won tenders from a few reputed clients. In a BSE filing made on April 14, the company informed that they have bagged orders from Central Electronics Limited (CEL), Reserve Bank of India (RBI), Bihar Renewable Energy Development Agency (BREDA), Hindustan Petroleum Corporation Limited (HPCL) and Gas Authority of India Limited (GAIL). Detailing about the projects, Gensol Engineering stated that the project won from CEL is worth Rs 19.87 crore and it’s for setting up of an aggregate 13.2 MWp solar capacity in Maharashtra. Meanwhile, the company will also build an aggregate 3.2 MWp rooftop solar capacity at various locations of GAIL across India. This project is worth Rs 13.90 crore. Besides, other projects secured by the company includes 500 kWp grid-connected floating solar under capex model for BREDA, 2 MWp grid-connected solar plant in Bengaluru for HPCL and 100kWp in Mumbai for RBI. Gensol Engineering Ltd provides renewable energy project development services and is also engaged in the construction of solar plants in India.
At 3.18 pm on Wednesday, the stock of Gensol Engineering Ltd is trading at Rs 85.00, up by 1.01 per cent against its previous close of Rs 84.15. Its 52-week high is recorded at Rs 89.50 while, its 52-week low is Rs 77.50 on BSE.