Gensol Engineering hit an upper circuit limit of 5% to Rs 259.45 after the company said it bagged deals worth over Rs 70 crore for building solar power projects of around 24 MWp cumulative capacity in the states of Madhya Pradesh and Punjab.
Gensol Engineering has received purchase orders for the development of grid-connected ground-mount and rooftop solar power generation systems cumulating to a capacity of around 24 megawatt peak (MWp) in the states of Punjab and Madhya Pradesh. The cumulative price of these projects is pegged at over Rs 70 crore.Out of the total ordered capacity, 17 MWp will be installed over metal-based roofs of the factories of the clients, while around 7 MWp will be raised over ground within the premises of the clients. All these projects are slated for commissioning during the next six months.
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.
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