Gensol Engineering is currently trading at Rs. 1602.00, up by 67.00 points or 4.36% from its previous closing of Rs. 1535.00 on the BSE.
The scrip opened at Rs. 1579.90 and has touched a high and low of Rs. 1608.95 and Rs. 1540.05 respectively. So far 31920 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1990.00 on 02-Sep-2022 and a 52 week low of Rs. 54.45 on 06-Dec-2021.
Last one week high and low of the scrip stood at Rs. 1674.35 and Rs. 1489.00 respectively. The current market cap of the company is Rs. 1759.20 crore.
The promoters holding in the company stood at 71.34%, while Non-Institutions held 28.66% in the company.
Gensol Engineering’s order book, to be executed this fiscal and beyond, has swelled to over Rs 531 crore till September 18, 2022 for developing various solar power projects with cumulative capacity of over 121 MWp 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 Singareni Colleries Company (SCCL), a coal mining company jointly owned by the Government of Telangana and the Government of India, Braithwaite & Co. (BCL), a leading Engineering Company under the Ministry of Railways and a privately-owned leading manufacturer and supplier of industrial gases, among others.
Out of the total order book, only two projects are based on the model of Balance of System (BoS), while the balance projects are to be developed through full turn-key EPC model, a fact that testifies to Gensol’s robust end-to-end project execution capabilities. Piquantly, more than 37% of these orders envisage the development of projects in the southern states of AP, Karnataka, Telangana and Tamil Nadu, closely followed by Gujarat at 34%. Similarly, 67% of the total order book needs to be developed over land, while the balance will be raised over the rooftops of the factories of the clients. 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, which is emblematic of the trust that the company has built with its clients through its delivery of high quality solar assets.
Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.
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