MoneyWorks4Me

Gensol Engineering secures EPC contract worth around Rs 897.47 crore

27 Dec 2024 Evaluate

Gensol Engineering has secured a significant EPC contract from NTPC Renewable Energy (NTPC REL). This contract entails the Development of 225MW-AC (Equivalent To 276 MWDC) Grid Connected Solar PV Projects at GSECL Solar Park (Stage-III), Khavda located in the Rann of Kutch, Gujarat.

The total bid value for this project, including operations and maintenance (O&M) for a duration of three years, amounts to around Rs 897.47 crore, inclusive of taxes and duties. The contract between NTPC REL and Gensol Engineering was formally executed last week, marking a substantial milestone for both entities in their pursuit of advancing renewable energy infrastructure in India. 

This order is paramount for fulfilling India’s escalating need for clean and sustainable energy, in line with the government’s vision to fulfill this need.

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 3853.80
Kalpataru Projects 1397.30
NCC 131.20
Rail Vikas Nigam 205.15
KEC International 391.80
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