Don’t miss the latest developments in business and finance.

Gensol Engineering acquires Scorpius Trackers

Image
Capital Market
Last Updated : Mar 22 2023 | 2:51 PM IST
Gensol Engineering has acquired Scorpius Trackers, which is one of India's largest providers of single-axis solar tracker solutions.

This acquisition strengthens Gensol Engineering's position as a leading provider of end-to-end renewable energy solutions and is a part of its strategy to expand its portfolio by spreading wings across new geographies.

With this strategic addition, it is estimated that the combined revenue of Gensol Solar division will reach Rs 2300 crore in FY24.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Mar 22 2023 | 2:43 PM IST

Next Story