Gensol Engineering Limited saw its shares rise by over 3% on Monday following the announcement of a major contract win in Dubai. The company has secured a contract worth INR 186 crore for a 23 MWp rooftop solar project. This project involves the design, construction, and long-term operation and maintenance of solar photovoltaic (PV) systems for a prominent aviation company in the region.
This contract, which is to be executed over the next 20 months, represents a significant step for Gensol in strengthening its presence in the Middle East. The project also aligns with Dubai’s broader clean energy goals, contributing to the region’s sustainability initiatives.
Gensol Engineering secures Rs 186 crore contract for rooftop solar project in Dubai
As of 9:47 am, Gensol Engineering’s shares were trading 2.55% higher at ₹847.55 on the NSE, reflecting investor optimism over the company’s growing portfolio in international markets.
