Small-cap stock: Gensol Engineering announced on Wednesday, April 9, that the electronic equipment maker has commissioned a solar power plant in Panchet town, Dhanbad, Jharkhand, according to an exchange filing.
The firm also noted that the project was developed under a ₹40 crore contract, and the plant is aimed to support the company’s operational and maintenance (O&M) needs for the next five years, as per the BSE filing data.
The company “announced the successful commissioning of its ground-mounted solar power plant in Panchet town of Dhanbad district in Jharkhand. This project is developed under a ₹40 crore EPC contract and underscores Gensol’s expertise in executing complex solar installations in challenging terrains. The scope includes comprehensive operations and maintenance (O&M) support for five years,” said the company in the BSE filing.
The 40-acre solar power plant will generate more than 15 million units of clean energy every year for commercial use.
“The plant will bolster Jharkhand’s energy security, reducing dependence on fossil fuels while meeting rising electricity demand. Gensol remains committed to supporting India’s net-zero ambitions through scalable, efficient, and environmentally responsible solar projects,” said Gensol Engineering in the exchange filing.
Gensol Engineering Share Price
Gensol Engineering shares closed 4.98 per cent lower at ₹140.20 after Wednesday’s stock market session, compared to ₹147.55 at the previous market close. The stock will remain in focus of investors on Friday, April 11, due to a market holiday on April 10.
Gensol Engineering shares have given stock market investors more than 550 per cent returns on their investments in the last five years. However, the stock is down 85.90 per cent in the last one-year period. Shares have lost 54.06 per cent in the last one-month period in 2025.
The stock hit its 52-week high level at ₹1,125.75 on June 2024, while the 52-week low level was at ₹140.20. Gensol Engineering shares hit its year-low levels on Wednesday, April 9, according to BSE data.
The company’s market capitalisation was at ₹532.79 crore as of Wednesday’s stock market session.
Gensol Engineering is a renewable energy firm which specializes in solar power EPC services and electric mobility solutions. The company has a track record on 770 megawatts (MW) solar projects and an advanced EV manufacturing facility in Pune, according to company data.
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