In Short : Gensol Engineering’s promoters have sold shares to reinvest in the company, aiming to fuel expansion, enhance technology, and strengthen its renewable energy market position. The funds will support new projects, R&D, and diversification. This strategic move reflects confidence in growth prospects and aligns with global trends in clean energy investment, positioning Gensol […]
Gensol Engineering Unlocks Value with INR 350 Crore Strategic Deal for Scorpius Trackers’ US Subsidiary – EQ
– Proceeds from the transaction to strengthen Gensol’s balance sheet and fuel expansion in India’s renewable energy market New Delhi/Ahmedabad – Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in India’s renewable energy sector, has signed a non-binding Term Sheet for an INR 350 crore strategic transaction involving the sale of its US […]
Gensol Engineering Sees 42% Revenue Growth, Secures Major Solar EPC Contracts – EQ
In Short : Gensol Engineering reported a 42% YoY revenue growth, reaching ₹10.56 billion in FY2025’s first nine months. The company also saw a 34% rise in profit and a 89% increase in EBITDA. Gensol secured major EPC contracts, including a ₹10.62 billion project for 275 MW solar in Gujarat. The company’s solar EPC order […]
Gensol Engineering rises after bagging contract worth Rs 967.98 crore in Gujarat – EQ
In Short : Gensol Engineering’s shares surged after securing a Rs 967.98 crore contract in Gujarat. The project strengthens its position in India’s renewable energy sector, reflecting growing demand for clean energy solutions. This deal boosts the company’s expansion plans and reinforces investor confidence, highlighting its role in advancing sustainable infrastructure and green energy initiatives […]
Gensol Engineering net profit grows 29% to ₹23 crore in September quarter – EQ
In Short : Sunsure Energy has commissioned a 49 MW solar project in Uttar Pradesh, contributing to the region’s renewable energy capacity. This initiative supports India’s goal of achieving 100 GW of solar power by 2022 and aims to reduce reliance on fossil fuels. The project also promises to create local job opportunities while promoting […]
Gensol Engineering and Matrix Gas & Renewables Consortium awarded project for developing India’s First Green Hydrogen-Powered Steel Facility – EQ
National – Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC), has partnered with Matrix Gas & Renewables, a key player in natural gas aggregation and green hydrogen, to develop India’s first and largest Green Steel production facility. This facility will […]
Gensol Engineering Limited Secures AED 81.6 Mn (INR 186 Crore) Contract for 23 MWp Rooftop Solar Project in Dubai – EQ
Ahmedabad – Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction(EPC) services, is proud to announce that it has been awarded a prestigious contract by UAE’s leading sustainable development and clean energy development company for the design, construction, and long-term operation […]
Gensol Engineering Limited’s Solar EPC order book crosses INR4,000 Crore as on 30th September’24 – EQ
Ahmedabad – Gensol Engineering Limited (BSE: 542851, NSE: GENSOL),a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services, today announced that its solar EPC order book is INR4,097 Crore representing 1.5GW as of 30thSeptember2024.This substantial figure includes solar projects from both Public Sector Undertakings (PSUs) and private […]
Gensol Engineering and Matrix Gas & Renewables consortium emerges as lowest bidder for EPC of India’s First Biomass to Green Hydrogen project, valued at INR 164 Crore – EQ
Delhi : Gensol Engineering Limited (BSE: 542851) (NSE: GENSOL), a leading player in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) and electric mobility solutions, in collaboration with Matrix Gas & Renewables Ltd., a fast growing green hydrogen infrastructure developer and natural gas aggregator, announced that it has emerged as the […]
Gensol Engineering sets up US subsidiary, to supply 2,000 MW solar trackers – EQ
In Short : Gensol Engineering has established a subsidiary in the United States and plans to supply 2,000 MW of solar trackers through this new venture. This move is part of Gensol’s strategy to expand its footprint in the global renewable energy market, particularly in the rapidly growing U.S. solar sector. The subsidiary will help […]