Gensol Engineering Limited — Updates, 07-02-2025: Press Release

Gensol Engineering Ltd. has secured a significant EPC contract valued at approximately INR 967.98 Crores for a 245 MW Solar PV Project at the Khavda RE Power Park in Gujarat, which includes three years of operation and maintenance services. This achievement highlights Gensol’s strong positioning in the renewable energy sector, marking its second major project at Khavda in quick succession, following an earlier contract worth INR 1062.97 Crores for a 275 MW project in the same location. With these two contracts, Gensol is set to develop a total of 520 MW of solar capacity at Khavda, reinforcing the site's reputation as a potential top hybrid renewable energy park globally. Gensol's management emphasizes the company's commitment to high-quality energy solutions and its pivotal role in India's energy transition towards sustainability. This consistent growth in project acquisitions enhances Gensol’s market presence and could offer positive prospects for investors looking at renewable energy initiatives in India.