Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), Gensol Engineering has informed that the Company has, in the month of March 2023, has fully acquired Scorpius Trackers, which is one of India’s largest providers of single-axis solar tracker solutions. This acquisition strengthens company’s position as a leading provider of end-to-end renewable energy solutions and is a part of its strategy to expand its portfolio by spreading wings across new geographies. With this strategic addition, it is estimated that the combined revenue of Gensol Solar division will reach ? 23bn in FY24. Further in this regard, an Investor Release issued by the Company is enclosed for the information of the exchanges.
The above information is a part of company’s filings submitted to BSE.
