This order book includes solar projects from both Public Sector Undertakings (PSUs) and private clients, to be executed within a timeline of 12 to 18 months. Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Limited said: 'This robust order book reflects the strength and organizational capability of Gensol Engineering to execute big ticket orders and help the nation achieve its renewable energy goals. With an unexecuted order book of over INR 5,000 Crore, we are poised for a significant leap in India's rapidly expanding solar sector. Beyond this, our achievements in Battery Energy Storage Systems (BESS) under the BOO model and power generation have helped diversify our operations and expand our total solar and battery storage revenue visibility to over INR 10,000 Crore. We are grateful to our stakeholders and the Gensol family for their unwavering support as we continue to deliver long-term sustainable growth.'Powered by Capital Market - Live

The project involves the development of a 150 MWac ground-mounted solar photovoltaic (PV) power plant. The contract is valued at Rs 780 crore and is scheduled to be executed over a 15-month period. The scope also includes the manufacturing, supply, erection, inspection, installation, testing and commissioning of a 150 MWac grid-connected ground-mounted solar PV power plant, along with the development of the associated power evacuation infrastructure to the STU substation. Additionally, the contract includes three years of operation and maintenance (O&M) services for the project, inclusive of maintenance of the plant's switchyard and its extensive transmission infrastructure. Shilpa Urhekar, chief executive officer, Solar EPC (India), Gensol Engineering, said, We are deeply grateful for the trust placed in us by one of India's leading public sector utilities. This significant project is a testament to Gensol's growing expertise as a provider of comprehensive, end-to-end solar solutions. It will play a vital role in advancing India's clean energy transition, aligning with our firm commitment to contributing to the right energy mix. We look forward to further collaborating with the state of Maharashtra to support and enhance India's renewable energy goals.' Gensol Engineering offers end-to-end EPC and solar advisory services. The company 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. The company's consolidated net profit doubled to Rs 20.48 crore in the quarter ended June 2024 as against Rs 10.24 crore during the previous quarter ended June 2023. Sales rose 104.11% to Rs 295.15 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

Gensol Engineering has secured a large turnkey EPC order from a leading public sector utility in Maharashtra. The project involves the development of a 150 MWac ground-mounted solar PV power plant, with a total contract value of Rs 780 crore, is set to be executed over a 15-month period. Gensol's role will encompass the entire gamut of the project's lifecycle 'from the complex and critical task of land acquisition, highlighting the scale and intricacy of the undertaking, to the precise and detailed phases of design, engineering, procurement, and logistics. The scope also includes the manufacturing, supply, erection, inspection, installation, testing, and commissioning of a 150 MWac grid-connected ground-mounted solar PV power plant, along with the development of the associated power evacuation infrastructure to the STU substation. Additionally, the contract includes three (3) years of operation and maintenance (O&M) services for the project, inclusive of maintenance of the plant's switchyard and its extensive transmission infrastructure. Powered by Capital Market - Live

Net profit of Gensol Engineering rose 60.55% to Rs 29.38 crore in the quarter ended September 2024 as against Rs 18.30 crore during the previous quarter ended September 2023. Sales rose 13.76% to Rs 346.49 crore in the quarter ended September 2024 as against Rs 304.58 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales346.49304.58 14 OPM %30.7715.45 - PBDT31.1132.17 -3 PBT24.8431.79 -22 NP29.3818.30 61 Powered by Capital Market - Live

Gensol Engineering will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

Gensol Engineering has partnered with Matrix Gas & Renewables, a key player in natural gas aggregation and green hydrogen, to develop India's first and largest Green Steel production facility. This facility will utilize 100% Green Hydrogen, marking a significant step forward in sustainable steel production. It is one of three pilot projects sanctioned under the National Green Hydrogen Mission by MECON, in alignment with the Ministry of Steel (MoS) and the Ministry of New and Renewable Energy (MNRE), representing significant technological advancement in sustainable steel production in India. The project's total capital expenditure (capex) is estimated at Rs 321 crore, with the Government of India providing 50% capex incentives to support this groundbreaking initiative. This investment underscores the shared commitment of both the government and the consortium to promote sustainable development and reduce carbon emissions in the steel industry. The facility will employ direct reduced iron (DRI) vertical shaft technology to convert iron ore into sponge iron. Developed for Indian-grade ore, this process will support Matrix's broader goal of establishing similar Green Steel plants for medium- to small-scale producers in Chhattisgarh, Odisha, and other regions across India. Traditionally, sponge iron production relies on fossil fuels, emitting CO₂ in the process. By utilizing green hydrogen produced with renewable energy, this new approach will replace coal and natural gas, eliminating CO₂ emissions'a major leap forward in clean iron production. Matrix Gas & Renewables, Gensol Engineering, Indian Institute of Technology Bhubaneswar, and Metsol AB (Sweden) will collaborate on this pilot plant, which will have a capacity of 50 tons per day (TPD). Matrix will oversee the entire project lifecycle, including land acquisition, environmental assessments, and all critical phases of design, engineering, procurement, and logistics. The scope of work will cover the manufacturing, supply, erection, inspection, installation, testing, and commissioning of the facility, along with the development of supporting infrastructure. Powered by Capital Market - Live

Gensol Engineering has been awarded a prestigious contract by UAE's leading sustainable development and clean energy development company for the design, construction, and long-term operation and maintenance of rooftop solar photovoltaic (PV) systems for the engineering facilities of a leading aviation company in Dubai. With a total installed capacity of 23,178 kWp (23 MWp), the project underscores Gensol Engineering's commitment to driving sustainability in the Middle East by contributing to the region's transition to cleaner energy sources. The contract, valued at AED 81.6 Mn (Rs 186 crore) plus taxes, is set to be executed over a 20-month period.Powered by Capital Market - Live

Gensol Engineering announced that the 12th Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Gensol Engineering announced that Gensol and Matrix Gas & Renewables (Matrix) have won the project to setup India's first Green Hydrogen Valley project in Pune. Gensol ' Matrix will set up Green Hydrogen production plant on Build Own and Operate (BOO) basis to supply Green Hydrogen to Specialty Chemical sector with the firm offtake for 20 years. Commenting on this achievement, Anmol Jaggi, Managing Director, Gensol Engineering, said, 'We feel immense pride to develop India's first Green Hydrogen Valley project. Government of India has taken a great step in promoting these Hydrogen Valleys through Department of Science & Technology (DST). We are going to supply Green Hydrogen to the specialty chemical Sector in Pune, Maharashtra on round the clock (RTC) basis to develop the Green Hydrogen economy in India'. Powered by Capital Market - Live

Gensol Engineering will hold a meeting of the Board of Directors of the Company on 6 September 2024.Powered by Capital Market - Live