In early trade on November 16, Gensol Engineering’s share price witnessed an uptick after the company clinched the position of the lowest bidder for an Engineering, Procurement, and Commissioning (EPC) contract. The contract pertains to the establishment of a groundbreaking green hydrogen-based mobility station in Kargil, Ladakh.
As of 1:21 pm, Gensol Engineering was trading at ₹807.00 on the NSE, reflecting a 2.48% increase.
This noteworthy project was secured by Gensol Engineering in collaboration with Matrix Gas & Renewables Ltd. (Matrix), showcasing their combined technocommercial competency. The National Hydroelectric Power Corporation is set to commission this initiative.
Gensol Engineering’s role in the project involves developing a 500-kW grid-connected, ground-mounted solar power project, which will serve as the energy source for the hydrogen refueling station.
