Gensol Engineering has received approval for fund-raising initiatives amounting to Rs 600 crore aimed at significantly enhancing its financial standing. This move underscores the company’s strong commitment to achieving sustainable growth, reducing debt, and maximizing value for its stakeholders.
This initiative, combined with the company’s ongoing divestments, including the sale of vehicles and the sale of a subsidiary, is expected to significantly improve Gensol’s debt-equity ratio, positioning it for long-term financial strength and resilience. The board of directors of the company at their meeting held on March 13, 2025, inter-alia, approved the same.
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.
