Gensol Engineering Ltd share : Shares of solar engineering solution provider Gensol Engineering Ltd are in focus today on Monday. The company's stock saw a rise of 4.3 percent during today's trading. With this, the shares of Gensol Engineering Ltd reached an intraday high of Rs 1007 today. There is a big order behind this rise in shares. The company said that it has received an order of ₹ 463 crore to set up a solar plant at Khavda RE Power Park in Gujarat.

What did the company say?

According to a company statement, Gensol Engineering has received a contract to engineer, design, procure, install, test, and commission a Rs 463 crore solar plant at Khavda RE Power Park in Rann of Kutch, Gujarat. Shilpa Urhekar, CEO, of Solar EPC (India), Gensol Engineering Limited, said, "This contract reflects confidence in Gensol's project management capabilities and execution expertise... We are currently executing solar projects for several major customers with a total capacity of about one gigawatt.

condition of shares

The company's shares traded at a ratio of 2:1 ex-bonus on October 17, 2023. The stock has given a multi-bagger return of 215 percent in just 2 years and a massive 5,300 percent in 3 years. Its 52-week high price is Rs 1,377.10 and its 52-week low price is Rs 510.12. The company has a market cap of over Rs 3,700 crore.

company business

Let us tell you that Gensol Engineering Limited was established in 2012. It is a leading company in the renewable energy sector. It specializes in solar energy engineering, procurement, and construction (EPC) services as well as electric transportation solutions.