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GENSOL

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About Gensol Engineering

Gensol Engineering Limited was originally incorporated as a private limited company with the name 'Gensol Engineering Private Limited' on September 25, 2012. Subsequently, the company was converted into public limited company pursuant to a special resolution passed by members in Extra-ordinary general meeting of company held on February 08, 2019 and the name of the company was changed to 'Gensol Engineering Limited ' on February 26, 2019. Anmol Singh Jaggi and Puneet Singh Jaggi are the promoters of the company. Anmol Singh Jaggi, Puneet Singh Jaggi and Navneet Singh Gosal were the initial subscribers to the Memorandum of Association of the company. The Company is a Solar Design & Engineering company with team of more than 500 employees and an experience of providing technical expertise over 19,000+ MW. As part of its consulting business, Gensol provides concept to commissioning solar advisory, engineering review, detailed engineering, construction supervision, quality control and technical due diligence services for projects in India and abroad. Over the past 5 years, Gensol has built a credible reputation as a one-stop solution across the entire value chain of solar industry by advising Governments policy makers, leading project developers. Solar EPC Companies, Lending Institutions and Vendors alike. Besides advising various stakeholders in Solar Projects. Gensol also undertakes turnkey Engineering, Procurement and Construction contracts under it's EPC' Business, with international footprints, with help of our team of 180+ engineers. In all, Gensol has so far erected solar power plants with a cumulative capacity of more than 188 MW+ on roofs as well as lands. Our Company is ISO 9001:2015 certified Company for solar consultancy and EPC. Gensol has also expanded wings in international market by providing Consulting Services in countries like Indonesia, Nepal, Afghanistan, Sierra Leone, Chad, Gabon, Philippines, Oman, Ukraine and , Kenya. It has also an ongoing EPC project in Egypt. It is also entitled to subsidy in some of its projects from SECI. Gensol entered into a Joint Venture with Solarig N-Gage SA from Spain in March 2015. which has a global O&M experience to offer Operation & Maintenance Services (O&M Business) in India under Solarig Gensol Utilities Private Limited ('SGUPL'). SGUPL provides preventive, corrective & predictive maintenance, onsite & remote SCADA monitoring & reporting, modules cleaning & vegetation abatement, facility management, health analysis, vendor warranty coordination etc. through computerized maintenance management system by IBM Maximo and thermo-graphic inspection & on site IV Curve testing. SGUPL is maintaining over 2200+ MWp and has performed health diagnosis via IV-Curve, string testing and thermal imaging. Gensum Renewable Private Limited ('GRPL'), subsidiary of Gensol was incorporated as a private limited company on February 08, 2018. GRPL is mainly engaged in RESCO Business i.e. Renewable Energy Services Company which is engaged in power production generation and sale activity. GRPL has already entered into Power Purchase Agreement (PPA) with 3 clients for selling electricity generated from a cumulative 1.4 MW Solar PV capacity. Its robust execution, steady supplier relationships and innovative financing solutions enable it to aim to deliver the lowest total cost of ownership and end user pricing.

Parent Organisation
Indian Private
Managing Director
Anmol Singh Jaggi
Founded
2012
NSE Symbol
GENSOL

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Community Discussion

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AngelOne
13th June 2024
Gensol Engineering: Secures Rs 1,340 Crore Project from Gujarat Urja Vikas Nigam Limited Gensol Engineering Limited has emerged as a successful bidder for a BESS project from Gujarat Urja Vikas Nigam Limited worth Rs.1,340 crores. Gensol Engineering Ltd is engaged in the business of various kinds of offerings like EPC which includes solar EPC, Solar O&M & solar monitoring & analysis, EV manufacturing where it has established cutting-edge EV manufacturing facility in Pune, India, and EV leasing where it offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars. Gensol Engineering Bags Rs.1,340 Crore order Gensol Engineering Ltd. has successfully secured a significant contract worth Rs 1,340 crore from Gujarat Urja Vikas Nigam Ltd. Under this, it will develop a significant battery storage project. This initiative aims to deliver 250 megawatts of energy with the capability of handling two charge and discharge cycles daily. The project is designed to provide electricity on an ‘on-demand’ basis, catering to the needs of Gujarat’s distribution companies during both peak and off-peak hours. Doing so, will extend the availability of renewable energy beyond the typical solar production hours, fulfill energy storage purchase obligations, and bolster grid resilience. This development was announced in a company statement on Wednesday. Managing Director of Gensol on this project Anmol Singh Jaggi, The Managing Director of Gensol Engineering on securing this project has said, “Securing this project enables us to make a significant impact on the Indian energy market while solidifying our position as a leading industry player in the renewable energy landscape, propelling the future of BESS in India.” Market reaction on Gensol Engineering stock After securing this project, The stock of Gensol Engineering has surged to its upper circuit limit of 5% at Rs.1068.05 a piece, The stock is up by 20% over the past month and it has more than doubled over the past year. The stock is currently trading at a price-to-earnings multiple of 64.45 and has a 52-week high of Rs.1376. Conclusion This project win for Gensol Engineering Ltd. marks an important step in advancing renewable energy infrastructure in Gujarat by enhancing grid resilience and ensuring energy availability beyond solar hours, it highlights Gensol’s pivotal role in driving sustainable energy solutions and meeting energy storage requirements. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One Gensol Engineering Limited Share Price Today Live NSE/BSE | Angel One Gensol Engineering Limited Share Price - Get Gensol Engineering Limited Live BSE/NSE stock price with the latest research reports, balance sheet, stock analysis, and share price history at Angel One.
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pri_nshe
18th March 2024
Exciting news! Gensol Engineering wins big contracts in Dubai, driving growth and market access. Strong financials and soaring stock prices reflect investor confidence.
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AngelOne
18th March 2024
Gensol Engineering powers up Gujarat with the successful completion of a 160 MW solar project This project strengthens the company’s expertise in large-scale renewable energy solutions. About Project Gensol Engineering Limited, a leading name in solar power EPC services, has announced the successful completion of a significant 160 MW solar project in Bhavnagar, Gujarat. Valued at Rs 128 crore, the project reinforces Gensol’s position as a key player in delivering high-quality ground-mounted solar solutions for a sustainable future. The project was undertaken for Continuum Green Energy, a prominent renewable energy player serving commercial and industrial consumers across India. This accomplishment adds to Gensol’s impressive portfolio exceeding 600 MW of diverse solar projects across the country. The Bhavnagar project marks Gensol’s sixth major ground-mount project, solidifying its expertise in large-scale solar installations. The project underscores Gensol’s comprehensive approach, encompassing not just installation but also the development, operation, and management of large-scale solar projects. This holistic approach positions them as a single source for clients seeking comprehensive renewable energy solutions. Located strategically in Gujarat, the project represents a significant stride towards the region’s sustainable development goals. It showcases the transformative potential of solar energy in creating a cleaner and more secure energy future. Gensol Engineering Limited’s successful completion of the 160 MW solar project in Gujarat signifies their dedication to driving India towards a more sustainable and energy-independent tomorrow. Their expertise and commitment to clean energy solutions position them as a frontrunner in the nation’s renewable energy revolution. Share Price Movement Gensol Engineering Limited’s shares experienced a positive surge in today’s early trading session. The stock jumped by 38.10 points (5%), hitting the upper circuit limit compared to yesterday’s closing price of Rs 762. Opening at Rs 765.35, the stock reached intraday highs of Rs 795.15, demonstrating strong investor confidence. This positive movement follows the company’s recent announcement of a successful 160 MW solar project completion, potentially fueling investor interest in Gensol’s role in India’s renewable energy sector. About Company Gensol Engineering Limited, established in 2012, is a leading company in the Gensol group that specializes in engineering, procurement, and construction services, particularly in the solar power sector. With a team of over 240 professionals, Gensol has installed over 600 MW of solar installations globally. The company also has a state-of-the-art electric vehicle production facility in Pune, India, producing electric three-wheelers and four-wheelers. Gensol offers comprehensive EV leasing solutions to various clients, including PSUs, educational institutions, government entities, multinational corporations, ride-hailing services, employee transport companies, rental services, logistics, and last-mile delivery enterprises. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.
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AngelOne
28th February 2024
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AngelOne
28th February 2024
Shares of Gensol Engineering surge as electric vehicle subsidiary secures ARAI certification Gensol Electric Vehicles Pvt Ltd has received ARAI certification for its first electric vehicle, allowing its official launch and sale in India. About Certification Gensol Electric Vehicles Pvt. Ltd. (GEVPL), a subsidiary of Gensol Engineering Ltd., has received the coveted ARAI certification for its first electric vehicle (EV), paving the way for its official launch and sale in India. This milestone achievement marks a significant step forward for GEVPL, a new player in the e-mobility landscape. The ARAI certification signifies that the EV has successfully undergone rigorous testing and met stringent safety, performance, and regulatory compliance standards set by the Automotive Research Association of India (ARAI). Gensol Electric Vehicles Pvt. Ltd. (GEVPL) has secured a crucial ARAI certification. This coveted stamp of approval from the Automotive Research Association of India signifies that their flagship electric vehicle (EV) has successfully cleared the final hurdle before hitting the market. The EV has undergone a rigorous testing process encompassing both controlled lab environments and diverse real-world conditions, ensuring it meets stringent safety, performance, and regulatory standards. This accomplishment paves the way for the introduction of a made-in-India innovation, manufactured at a state-of-the-art facility in Chakan, Pune, with a production capacity of 30,000 cars annually. GEVPL’s EV boasts a modern and compact design, featuring two doors and two seats, alongside pioneering features such as a moonroof, spacious boot space, in-cabin driver assistance technology, a comprehensive suite of vehicle technology, AI-powered cloud analytics, and an intuitive user experience, setting itself to potentially redefine the Indian electric vehicle segment. Gensol’s ARAI certification signifies its commitment to entering the EV market with a safe, high-quality, and feature-rich offering. This development is poised to redefine sustainable and urban mobility in India and contribute significantly to the country’s decarbonization efforts. Share Price Movement The share of Gensol Engineering surged over 5% in the early trade session to Rs 1,251.10 as compared to the previous day’s closing of Rs 1,190.20. The share opened at Rs 1,250 and touched intraday highs and lows of Rs 1,271.10 and 1,240.15 respectively. The share has a 52-week high and 52-week low of Rs 1,377.10 and Rs 265.42 respectively. About Company Gensol Engineering Limited, established in 2012, is a leading company in the Gensol group that specializes in engineering, procurement, and construction services, particularly in the solar power sector. With a team of over 240 professionals, Gensol has successfully executed turnkey projects globally, installing over 600 MW of solar installations. They also have a state-of-the-art electric vehicle production facility in Pune, India, focusing on creating electric three-wheelers and four-wheelers. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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AngelOne
25th October 2023
Gensol Engineering secures order from MAHAGENCO for Rs 301.5 crore - October 25, 2023 The company has been awarded a contract for a 62 MWAC Crystalline Solar PV Grid Interactive Power Plant in Village Paras, Taluka Balapur, Akola District, Maharashtra. On Wednesday, Gensol Engineering’s shares closed at Rs 887.75, a 6.29% increase from its previous closing of Rs 835.20 on the BSE. Gensol Engineering has received an order from Maharashtra State Power Generation (MAHAGENCO) with a project value of Rs 301.54 crore, including taxes. The company has been tasked with the conceptualization, engineering, provisioning, installation, testing, and commissioning of a 62 MWAC Crystalline Solar PV Technology Grid Interactive Solar PV Power Plant located in Village Paras, Taluka Balapur, District Akola, Maharashtra. In addition to the primary Solar PV Power Plant setup, Gensol’s responsibilities extend to establishing the associated high-tension (HT) overhead transmission line or underground cable, along with all essential electrical equipment. The project also includes creating bays that culminate at the point of interconnection within the 220 kV bays at Paras Substation. Furthermore, Gensol is entrusted with a 5-year operation and maintenance stewardship of the solar power plant and its associated evacuation mechanism. The company is committed to completing this project within a 12-month period. Founded in 2012, Gensol Engineering is a part of the Gensol group of companies, offering engineering, procurement, and construction (EPC) services for the development of solar power plants. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across multiple countries, including India. Over the years, Gensol has successfully installed ground-mounted and rooftop solar power plants with a combined capacity of over 600 MW. The company has also established an electric vehicle (EV) manufacturing facility in Pune, India, dedicated to the production of electric three-wheelers and four-wheelers. Additionally, Gensol offers comprehensive EV leasing solutions and serves leading ride-hailing players with its buy-and-lease package of EV cars. Today, the stock opened at Rs 845.05 and reached a high and low of Rs 916.25 and Rs 845.05, respectively. In the past week, the scrip’s high and low were at Rs 945.85 and Rs 788.50, respectively. The current market cap of the company stands at Rs 3,362.17 crore. The promoters hold 64.67% of the company, while institutions and non-institutions hold 3.32% and 32.01%, respectively. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions."
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rishitdedhia
29th August 2023
Gensol Engineering wins two turnkey Solar EPC projects worth Rs 101.6 crore in Dubai Gensol Engineering has won two turnkey international Solar Engineering, Procurement and Construction (Solar EPC) projects in Dubai with Dubai Government Workshop Warehouse and Dubai Police. Aggregating to a capacity of 14.08 MWp, these projects have a cumulative order value of Rs 101.6 crore, without taking taxes into account. With these order wins, Gensol will gain access to a large market that is full of dynamism, vibrancy and an untapped potential for renewable energy solutions that deliver positive impacts on both Indian and UAE markets. The two turnkey contracts with Dubai Government Workshop Warehouse and Dubai Police entail design, engineering, supply, construction, erection, testing and commissioning along with the operation and maintenance of these projects. The Dubai Government Workshop Warehouse project is slated for commissioning in November 2023, while the Dubai Police project is scheduled to go online in June 2024. Both projects are poised to contribute to the UAE’s Clean Energy Strategy 2050 and affirm Gensol’s position as a trusted partner for delivering sustainable solutions. Gensol Engineering Limited has announced its financial results for the first quarter ending on June 30, 2023 (Q1FY24). During this period, the company generated a revenue of Rs 144.60 crore, reflecting a growth of 41.31% compared to the previous year. The operational profit for Q1FY24 was Rs 43.73 crore, marking an increase of 179.25% year-on-year. Additionally, the company’s net profit after tax (PAT) also demonstrated growth, reaching Rs 10.04 crore, an increase of 2.97%. Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India. Today, the stock opened at Rs 1690, with a high and low of Rs 1747 and Rs 1669.65. The stock is trading at Rs 1747, up by 5%. The stock has a 52-week high of Rs 1,990 and a 52-week low of Rs 797.05. In the last six months, the shares of the company have given more than 90% returns, and Investors should keep a close eye on this stock.
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Gensol Engineering Ltd FAQs

Gensol Engineering Ltd (GENSOL) share price as of July 26, 2024, on NSE is Rs 967.5 (NSE) and Rs 967.5 (BSE) on BSE.
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