Shares of Gensol Engineering Ltd surged by 5% to touch a day’s high of Rs 750 on 7th February after the firm secured an order worth approximately Rs 967.98 crore (including GST) for a 245 MW Solar PV Project at Khavda RE Power Park, Rann of Kutch in Gujarat, including three years of O&M (operation and maintenance).

The company highlighted this as its second major project win at the park, reinforcing its market presence and execution capabilities.

Earlier, Gensol announced an EPC contract worth Rs 1062.97 crore for a 275 MW Solar PV Project at the same location.

With these two projects, the company will now develop a total of 520 MW Solar PV capacity at Khavda Solar Park, set to become the world’s largest hybrid renewable energy park.

Currently, the company’s market capitalisation stands at around Rs 2,711 crore.

At 3:05 PM, the shares of Gensol Engineering were trading 3.34% higher at Rs 737.10 on NSE.

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