Gensol Engineering Limited witnessed a 5% surge in its share price following the announcement of a significant engineering, procurement, and construction (EPC) contract worth ₹967.98 crore, including GST. The project involves developing a 245 MW Solar PV Project at the Khavda RE Power Park, Rann of Kutch, Gujarat, awarded by a leading public sector undertaking. The contract also includes three years of comprehensive operations and maintenance (O&M) services.
This win marks the company’s second major project at the Khavda Solar Park, having previously secured a ₹1,062.97 crore contract for a 275 MW Solar PV Project. With both projects combined, Gensol is set to develop a total of 520 MW of solar PV capacity at what is anticipated to be the world’s largest hybrid renewable energy park.
Key Highlights:
- Project Size: 245 MW
- Project Value: ₹967.98 crore (including GST)
- O&M Services: 3 years
- Location: Khavda RE Power Park, Rann of Kutch, Gujarat
Anmol Singh Jaggi, Managing Director and Chairman of Gensol Engineering, emphasized that the consecutive project wins reinforce the company’s commitment to supporting India’s renewable energy goals. Shilpa Urhekar, CEO of Gensol’s Solar EPC division, highlighted the trust placed in the company’s ability to deliver large-scale projects efficiently.
With this momentum, Gensol aims to strengthen its presence in the renewable energy sector, driving India’s transition towards sustainable and clean energy.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Renewable energy investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
