Fair today: Shares of Gensol Engineering, a leading player in the renewable energy sector specializing in solar engineering, procurement and construction (EPC) services, rose by 6 during the intraday session on Monday, January 6 .13%. ₹796.40 each after the company secured a significant order.
The company today informed investors through a stock exchange filing that it has secured an EPC contract from a reputed public sector company for the development of a 275 MW solar PV project at RE Solar Park, Khavda Rann of Kutch, Gujarat. The order value of this project is ₹1,061.97 crore.
“Gensol Engineering has secured a significant EPC contract from a reputed public sector company for the development of a 275 MW solar PV project at RE Solar Park, Khavda Rann of Kutch, Gujarat, with a total bid value of approx. ₹1,061.97 crore (including GST), including three years of O&M,” the company said in today’s filing.
Commenting on the development, Shilpa Urhekar, Chief Executive Officer, Solar EPC (India) at Gensol Engineering said, “We have started calendar year 2025 on a good note. We have been awarded a prestigious solar PV project contract from a reputed public sector company in RE Solar Park, Khavda Rann of Kutch, Gujarat. This partnership has tremendous value for us, and we are grateful for the continued trust that such a major renewable energy company has placed in us.”
Recent developments
The business has been buzzing on Dalal Street in recent months thanks to steady order numbers. At the end of December, it was awarded a significant EPC contract from NTPC Renewable Energy (NTPC REL). This contract involves the development of a 225 MW-AC (equivalent to 276 MW-DC) grid-connected solar PV project at the GSECL Solar Park (Phase III), Khavda, located in the Rann of Kutch, Gujarat.
The total bid value for this project, including operation and maintenance (O&M) for a term of three years, is approximately ₹897.47 crore, including taxes and levies.
Meanwhile, in September, the company emerged as the lowest bidder to develop India’s first bio-hydrogen project for a leading power generation company. The project will be carried out in collaboration with Matrix Gas & Renewables.
In August, the consortium of Gensol Engineering and Matrix Gas was awarded an annual capacity of 237 MW under the Production Linked Incentive (PLI) program to set up an electrolyser manufacturing plant. They won the bid through a competitive tender conducted by the Solar Energy Corporation of India (SECI).
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