Gensol Engineering bags ₹968 crore solar project in Gujarat’s Khavda park
Gensol Engineering Limited announced today it has secured an Engineering, Procurement and Construction (EPC) contract worth ₹968 crore for developing a 245 MW solar photovoltaic project at the Khavda RE Power Park in Gujarat’s Rann of Kutch. The contract, awarded by an unnamed public sector undertaking, includes three years of operations and maintenance services.
The shares of Gensol Engineering Limited were trading at ₹732.50 up by ₹19.20 or 2.69 per cent on the NSE today at 2.10 pm.
This marks Gensol’s second major contract at the Khavda Solar Park this month, following an earlier ₹1,063 crore order for a 275 MW solar project. With these two projects, the company will be responsible for developing a total of 520 MW solar capacity at what is set to become the world’s largest hybrid renewable energy park.
Anmol Singh Jaggi, Managing Director of Gensol Engineering, said these consecutive orders demonstrate the company’s commitment to delivering sustainable energy solutions. Shilpa Urhekar, CEO of Solar EPC (India), noted that the contracts reflect trust in Gensol’s engineering expertise.
Established in 2012, Gensol Engineering has executed over 770 MW of solar projects across India. The company has diversified into electric vehicle manufacturing with a 30,000-vehicle annual capacity facility in Pune, and also offers EV leasing solutions. Additionally, Gensol provides battery energy storage solutions and is involved in developing green hydrogen production infrastructure.
