Gensol Engineering Limited, a prominent player in India’s renewable energy landscape, has announced a strong start to the new fiscal year (FY25) with a significant order book valued at ₹1,783 crore (approximately USD 214 million) secured as of April 10, 2024. This impressive figure signifies not only a promising year ahead for Gensol but also its continued solidification as a key player in the renewable energy and electric mobility sectors.
The robust order book reflects Gensol’s diverse portfolio and expertise. It encompasses projects across various segments, each contributing meaningfully to their overall business strategy. This diversification allows Gensol to cater to a broader range of client needs and capitalise on growth opportunities within the burgeoning clean energy and electric mobility markets. The following table showcases the summary of the company’s order book:
S.No | Entity / Business segment | FY25 Order Book Value (In ₹crores) |
1 | Solar EPC (India & Middle East, including Scorpius Trackers) | 1,448 |
2 | Let’s EV (EV Leasing business) | 335 |
Total Order Book | 1,783 |
Gensol’s achievement underscores its ability to secure substantial projects and navigate the dynamic landscape of renewable energy and electric mobility. This strong start to FY25 positions them for continued success and reinforces their commitment to providing innovative, clean energy and sustainable transportation solutions.
“Our order book for FY25 is at ₹1,783 Crores, highlighting growing demand for our renewable energy and eMobility solutions. This order book will be executed over the next 12 months. The uptick in the projects reflects the trust clients have in our capabilities and commitment to delivering excellence. This achievement solidifies our status as a frontrunner in the Solar EPC, Solar tracking and EV Leasing industry, emphasising our commitment to growth. I thank all the stakeholders and the Gensol family for their continued support that is vital to our success, and we remain dedicated to delivering value and sustainable growth.” said Mr Anmol Singh Jaggi -Chairman and Managing Director of Gensol Engineering Limited
Incorporated in 2012, Gensol Engineering Limited is part of the Gensol group, which specialises in engineering, procurement, and construction (EPC) services, focusing on the solar power sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Apr 10, 2024, 5:47 PM IST
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