Gensol Engineering’s shares jumped 6%, new contract price ₹897 crore crammed the keenness – #INA

Gensol Engineering Inventory Value: Shares of Gensol Engineering, an organization within the renewable power sector, rose by 9 % intraday on December 27 and the value reached a excessive of Rs 780. The corporate had instructed the inventory exchanges a day earlier that it has gained an EPC contract price about Rs 897.47 crore (together with GST) from NTPC Renewable Power. The contract is for growth of 225 MW AC Grid Linked Photo voltaic PV Tasks at GSECL Photo voltaic Park (Stage-III) in Khavra, Gujarat.

The contract covers operations and upkeep providers for 3 years. After this replace got here out, shopping for in shares of Gensol Engineering elevated on December 27. On the finish of buying and selling, the inventory settled at Rs 761 with a achieve of 6.68 %. The market cap of the corporate is greater than Rs 2900 crore.

Gensol Engineering shares grew to become costlier by 3772 % in 3 years

The inventory has turn out to be cheaper by 24 % within the final 6 months. Whereas the value has elevated by 3772 % in 3 years. The inventory had seen a 52-week excessive of Rs 1,377.10 on February 20, 2024 on BSE. 52 week low of Rs 712 was recorded on 26 December 2024.

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Promoters maintain 62.58 % stake in Gensol Engineering

Based on BSE information, promoters held 62.58 % stake in Gensol Engineering by the top of September 2024. The corporate makes a speciality of engineering, procurement and development (EPC) providers within the solar energy sector. Based on trade filings, the contract between NTPC REL and Gensol Engineering was finalized final week.

Gensol Engineering’s earnings within the July-September 2024 quarter stood at Rs 346.82 crore. In the meantime, web revenue elevated by 29 % year-on-year to Rs 29.38 crore. Within the monetary yr 2023-24, the corporate’s standalone income was recorded at Rs 904 crore and web revenue was Rs 80.48 crore.

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