Gensol Engineering Limited — Updates, 13-03-2025: Press Release

Gensol Engineering Limited plans to raise Rs. 600 crore to enhance its financial strength and move towards a zero net-debt goal. The fund-raising strategy includes Rs. 400 crore through Foreign Currency Convertible Bonds (FCCBs) and Rs. 200 crore via warrants to promoters. The company currently has a debt of Rs. 1,146 crore against reserves of Rs. 589 crore, resulting in a debt-equity ratio of 1.95. Following this initiative and ongoing divestments of Rs. 615 crore, which includes subsidiary sales, Gensol anticipates significantly boosting its reserves to around Rs. 1,200 crore and reducing its debt to approximately Rs. 530 crore. This is projected to improve its debt-equity ratio to 0.44, positioning the company for long-term financial resilience. The Managing Director emphasized the focus on strengthening the balance sheet and maintaining financial discipline to unlock greater value for stakeholders. The strategic initiatives aimed at promoting sustainability and growth reflect a positive outlook for investors.