Gensol Engineering Limited, a company specializing in solar power engineering, procurement, and construction (EPC) services, on Monday announced that it has secured a significant EPC contract from renowned Public Sector Undertaking for development of 275MW Solar PV Project at RE Solar Park, Khavda Rann of Kutch, Gujarat.
In a regulatory filing, the company said that the total bid value for the project was approximately Rs 1061.97 crore (Including GST), including three years of O&M.
Shilpa Urhekar, Chief Executive Officer, Solar EPC (India) at Gensol Engineering Ltd, said, “We have started Calendar Year 2025 on a high note. We have been awarded a prestigious Solar PV project contract from Renowned Public Sector Undertaking at RE Solar Park, Khavda Rann of Kutch, Gujarat. This partnership holds immense value for us, and we are grateful for the continued trust and confidence placed in us by such a large RE corporation.”
“By harnessing innovative technologies and fostering a culture of excellence, we aim to play a pivotal role in advancing the nation’s energy landscape and ensuring a greener future for generations to come,” she added.
Shares of the company went up by 1.24 per cent on an intraday basis.
Earlier in October, Gensol Engineering had released its results for the July-September quarter of FY25 with the profit growth of 29 per cent YoY at Rs 22.93 crore. The PAT margin in the quarter ended on September 30, 2024, surged by 80 bps YoY to 6.6 per cent.