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Gensol Engineering receives LoA worth Rs 40 crore

22 Aug 2024 Evaluate

Gensol Engineering has received the Letter of Award (LoA) for execution of 16 MWp turnkey EPC rooftop solar project worth Rs 40 crore under commercial and industrial (C&I) segment from a leading textile company. This is a repeat order for Gensol, which will be installed in Madhya Pradesh and Gensol will commission the project in six months.

The project will utilize high-efficiency Bi-facial solar modules, strategically chosen to maximize energy output and ensure long-term durability. This innovative approach aligns perfectly with India's ambitious renewable energy targets and contributes significantly to the development of a robust green energy infrastructure. Led by solar power, renewable solutions are gaining traction in the C&I segment as they allow commercial establishments and industries to decarbonize their energy consumption and cut down carbon footprint, embrace sustainability.  

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.


Peers
Company Name CMP
Larsen & Toubro 3849.95
Kalpataru Projects 1387.95
NCC 132.20
Rail Vikas Nigam 205.35
KEC International 396.00
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