Gensol Engineering on Wednesday announced that it has received a significant order book that stands at Rs 1783 crore in the beginning of FY25. This, it added, signals a promising year and solidifies its position as a key player in the renewable energy and electric mobility industry. “Gensol’s diverse order book showcases its involvement in multiple sectors, each contributing significantly to its overall portfolio,” it said in a regulatory filing.
While the company’s solar EPC business (India & Middle East including Scorpius Trackers) recorded an order book worth Rs 1448 crore, the EV leasing business orders stood at Rs 335 crore.
Anmol Singh Jaggi, Chairman And Managing Director, Gensol Engineering Limited, said, “Our order book for FY25 is at Rs 1783 crore highlighting growing demand for our renewable energy and eMobility solutions. This order book will be executed over the next 12 months.”
“The uptick in the projects reflects the trust clients have in our capabilities and commitment to delivering excellence. This achievement solidifies our status as a frontrunner in Solar EPC, Solar tracking and EV Leasing industry, emphasising our commitment to growth. I thank all the stakeholders and the Gensol family for their continued support that is vital to our success, and we remain dedicated to delivering value and sustainable growth,” he added.
Earlier this month, Gensol Engineering Limited had announced that it has recorded its highest ever revenue from operations, surpassing Rs 960 crore in the financial year ending on March 31, 2024. This, it had added, represents a growth rate of 141 per cent as compared to the previous financial year. The corresponding figure for the previous year was at Rs 398 crore.
In January, the company had signed a Memorandum of Understanding (MoU) with the government of Gujarat, to invest Rs 2,000 crore towards setting up an electric vehicle manufacturing unit.