ensol Engineering Stocks, Gensol Share Price Today Live News & Updates: Gensol Engineering on Wednesday denied falsifying debt-related data, after credit rating agency ICRA downgraded the company and raised concerns over its liquidity position and corporate governance practices, a Reuters report read.
Credit rating agencies ICRA and Care Edge Ratings downgraded the construction and engineering firm this week and noted ongoing delays in the company’s debt servicing.
The company denied any involvement in claims made by the rating agencies and added it would be setting up a committee to review the matter. “These are challenging times and we are taking decisive steps towards strengthening our financial position and ensuring long-term financial stability,” Gensol added.
The firm’s stock fell 10% on Wednesday after plunging 20% in the previous session.
ALL UPDATES
- March 06, 2025 10:09
Gensol shares today live: Company’s response
GENSOL ENGINEERING: CO SAYS CONTINUES TO MAINTAIN STRONG REVENUE VISIBILITY || CO SAYS REMAIN CONFIDENT IN LONG-TERM GROWTH POTENTIAL OF BUSINESS
GENSOL ENGINEERING: CO SAYS DENY ANY INVOLVEMENT IN FALSIFICATION OF DOCUMENT CLAIMS || CO SAYS TOTAL CURRENT DEBT AT 11.46B RUPEES;
- March 06, 2025 10:09
Gensol shares today live: ICRA downgrades
ICRA has downgraded Gensol’s rating to ICRA D for its total rated amount of ₹2,050 crore, which includes long-term loans (₹925 crore), cash credit (₹718.5 crore), and bank guarantees (₹406.5 crore) from ICRA BBB- (stable)/ICRA A3 rating.
- March 06, 2025 10:07
Gensol shares today live: CareEdge downgrades
CareEdge has downgraded Gensol to ’default’ from ‘BB+’ due to ongoing delays in servicing its term loan obligations.
- March 06, 2025 09:49
Gensol shares live: Stock trades nearly 50% lower from its previous high recorded earlier in Feb at ₹750.
- March 06, 2025 09:35
Gensol share price live: Shares tumble 10%
Shares traded at ₹334.80 on the NSE, down by 10% as at 9.35 am.
Screenshot 2025-03-06 093509.png
- March 06, 2025 09:34
Gensol Engineering plunges on rating downgrades, promoters stake sale
Gensol Engineering plunges on rating downgrades, promoters stake sale
Its debt servicing track record were falsified, raising concerns on corporate governance practices: ICRA
SHARE
- Copy link
- Email
- Facebook
- Telegram
- LinkedIn
- WhatsApp
- Reddit
Published on March 6, 2025
