Gensol Engineering rose almost 4% today to an intraday high at Rs.1649.50, not too far from its 5% UC of the day at Rs.1669.50 though it’s now trading in the red. Its 52-week high is at Rs.1990.
The stock price has reacted positively to its healthy order book. Till 18th Sept’22, it has received orders from various reputed clients for the development of solar power projects worth over Rs. 531 crore.
Aggregating to a capacity of over 121 MWp, these projects will be developed in the states/UTs of Andhra Pradesh, Gujarat, Haryana, Jharkhand, Karnataka, Ladakh, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana and Uttarakhand.
Some of the major additions to the Company’s esteemed client list are PSU’s Singareni Colleries, Braithwaite & Co. While the largest size of the project is over 25 MWp, the lowest size is around 80 kWp. More than 23% are repeat orders from the existing clients.