Gensol Engineering’s stock surged 2% following the announcement of a significant contract to develop a 22 MW ground-mounted solar PV plant for a leading steel company in Punjab. Valued at INR 88 Crore, the project will be completed within six months.
The turnkey project will feature high-efficiency bi-facial solar modules to maximize energy output and long-term durability, supporting India’s renewable energy goals. It will help decarbonize energy consumption in the commercial and industrial (C&I) sector, reducing carbon footprints and promoting sustainable practices.
Gensol’s expertise in solar design and execution ensures optimal energy capture, reinforcing the company’s reputation for delivering timely and efficient renewable energy solutions.
Gensol Engineering shares opened at 775.50, reaching a high of 790.00 and a low of 775.50 during trading. The stock’s 52-week high stands at 1,376.00, while the 52-week low is 724.00.
As of 9:54 am, Gensol shares were trading 1.28% higher at Rs 782.30 on the NSE.
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