Gensol Engineering Limited witnessed a 5% surge in its share price during morning trade today following the announcement of a significant project win.
The company has been awarded a major contract by a prominent public sector utility in Maharashtra, marking a substantial development in India’s renewable energy sector.
The new contract involves the construction of a 150 MWac ground-mounted solar photovoltaic (PV) power plant in Maharashtra, a major step toward expanding solar infrastructure in India. The project is valued at approximately ₹780 crore and is expected to be completed within the next 15 months.
As of 9:16 am, Gensol Engineering shares were trading 5.33% higher at Rs 858.05 on the NSE.
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