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Gensol Engineering bagged a ₹897-crore contract from NTPC REL to develop a 225 MW solar project in Gujarat. Despite this achievement, Gensol Engineering share price dropped 4.3%, closing at ₹715.
Gensol Engineering has announced a major milestone with its ₹897-crore contract win from NTPC Renewable Energy Limited (NTPC REL) for developing 225 MW grid-connected solar projects. The project, set to be executed on an EPC basis, will be located at the GSECL Solar Park (Stage-III) in Khavda, Rann of Kutch, Gujarat.
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Project Size: 225 MW (AC), equivalent to 276 MW (DC).
Project Value: ₹897.47 crore, inclusive of taxes and three-year O&M.
Location: GSECL Solar Park, Khavda, Gujarat.
Contractor: Gensol Engineering, commissioned by NTPC REL.
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The contract includes the engineering, procurement, and construction of 225 MW alternating current (AC) capacity, equivalent to 276 MW direct current (DC). The ₹897-crore bid also covers operations and maintenance (O&M) for three years, ensuring optimal functionality post-installation.
Aspect | Details |
Total Project Value | ₹897.47 crore (including taxes) |
Solar Capacity (AC/DC) | 225 MW / 276 MW |
Project Location | GSECL Solar Park, Gujarat |
O&M Duration | 3 Years |
Despite the announcement, Gensol Engineering share price declined by 4.3%, closing at ₹715 on Thursday. Over the past month, the stock has fallen by 11.4%, reflecting market volatility.
This project represents a significant addition to India’s renewable energy capacity, aligning with the nation’s push towards sustainable development. The involvement of NTPC REL underlines the strategic importance of the Khavda solar hub. However, the drop in Gensol Engineering share price highlights potential investor concerns regarding the company’s short-term financial outlook or market sentiment.
Gensol Engineering’s ₹897-crore project is a testament to its capability in handling large-scale renewable energy ventures. While the company’s share price reflects temporary volatility, its role in driving solar energy adoption in India remains pivotal.
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