Page 2 - Gensol Group

Gensol Engg trades lower for fourth straight day; slips 43% from Feb high

The stock has witnessed selling pressure off late owing to the company's name associated with Zenith Multi Trading DMCC (Zenith).

Gensol says it has approval for its flagship two-seater electric car

Vehicle approved by Automotive Research Association of India will have driver assistance feature

Gensol Engineering raises Rs 900 cr equity capital via convertible warrants

Renewable energy solutions provider Gensol Engineering on Wednesday said it has raised Rs 900 crore through the issue of warrants convertible into equity shares on a preferential basis. The equity fundraise saw participation from international and domestic participants including FPIs such as Elara India Opportunity Fund, Aries Opportunities Fund, Tano Investment Opportunities Fund etc. "Gensol Engineering, a leading renewable energy and electric mobility pioneer, today raised a significant Rs 900 crore equity capital through warrants convertible into equity shares on a preferential basis," a company statement said. The fundraise is subject to shareholders' approval at the EGM of the company to be held on March 2, 2024 and statutory approvals in compliance with SEBI Regulations. "We continue to build on our successful financial performance through the latest fundraise. This capital infusion strengthens Gensol's financial position, facilitating new possibilities with funds being ...

Gensol to develop NHPC's green hydrogen mobility station project in Laddakh

Gensol Engineering Ltd on Thursday said it has emerged as the lowest bidder for NHPC's Kargil Green Hydrogen Mobility Station EPC Project in Laddakh. Gensol has secured this project by demonstrating techno-commercial competency in collaboration with Matrix Gas & Renewables Ltd (Matrix), the company said in a statement. Gensol will develop a 500-kW grid-connected, ground-mounted solar power project that will provide energy to the hydrogen refuelling station. The scope of work includes the entire balance of plant EPC encompassing the green hydrogen system installation, storage, and dispensing facilities, in addition to the requisite civil and electrical infrastructure for the integrated solar and hydrogen operation in Ladakh, it said. The project is to be commissioned by the National Hydroelectric Power Corporation Ltd. (NHPC). The project is slated for completion within 12 months from the issuance of the work order. Ali Imran Naqvi, CEO-BD & Project Management of Gensol ...

Gensol Engineering Q2 results: Net profit up at Rs 16 cr on higher income

Gensol Engineering on Wednesday said its standalone net profit more than doubled to Rs 15.68 crore for September quarter 2023-24, helped by higher income. It had clocked Rs 7.31 crore net profit in the year-ago period, the company said in a regulatory filing. Total income rose to Rs 201.61 crore from Rs 80.29 crore in the same quarter a year ago. Expenses were at Rs 180.21 crore, as against Rs 71.69 crore in the year-ago quarter. The company is a part of Gensol Group which offers engineering, procurement, and construction (EPC) services for 0development of solar power plants. Gensol has also established a electric vehicle manufacturing facility in Pune to develop and produce electric three-wheelers and four-wheelers. "H1FY24 has been a half year of remarkable leaps for Gensol, with 88 per cent revenue growth and 24 per cent PAT increase. "Strategic moves like the acquisition of Scorpius Trackers, international foray with EPC projects in the UAE, securing a Letter of Intent (LoI)

Gensol Engineering's first electric vehicle to roll out by January 2024

3W, 2-seater Reverse Troika to be introduced in the BluSmart fleet

Gensol Engineering bags EPC projects worth Rs 101.6 crore in Dubai

Homegrown Gensol Engineering Limited on Tuesday announced bagging orders for EPC projects worth Rs 101.6 crore in Dubai. The Engineering, Procurement, and Construction (EPC) projects have been secured from Dubai Government Workshop Warehouse and Dubai Police, the company said in a statement. "Gensol Engineering announces its first international Solar EPC project in Dubai. 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," it said. The two turnkey contracts with the 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, the company said. "With this, we also venture into international market

Stock of this EPC and solar advisory firm has zoomed 1,475% so far in 2022

In the past one month, the stock price of Gensol Engineering nearly doubled, or surged 96 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel

Stocks to watch today: L&T commissioned a new green hydrogen plant at Hazira in Gujarat; Future Enterprises defaults on payments of interest of two non-convertible debentures (NCDs) of Rs 12.6 crore.

Stock of this consulting services company has zoomed 594% thus far in 2022

Gensol Engineering was locked at 5 per cent upper circuit band for a third straight day

Gensol: Failed carbon credit firm to big solar power consultant

Back in 2010, Anmol Jaggi was one of the key names in the carbon credit market, advising large corporates on how to be energy-efficient and making money from it. With close to 25 million carbon credits and around 400 clients in India, his company was in its heyday since launch in 2007.Then, the carbon credit market crashed and so did the growth plans. Resurrecting itself with solar power, his Gensol group (with two promoters, Anmol and Puneet Jaggi) has grown to be the largest entity in solar design & engineering (D&E) consultancy, along with 2,000 Mw of solar power operations & management (O&M) projects. The company has half the market in solar consulting and the clients include noted players such as Greenko, Essel Infra, Suzlon, China Light & Power, ReNew Power and Shapoorji Pallonji."With an almost similar set of clients with whom we worked for carbon credits, we forayed into solar. We were consultants for most of the first movers in the solar energy market," ...