Gensol Engineering Secures Two EPC Contracts Worth Rs 337 Crore

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Solar-rooftop

Gensol Engineering Limited announced that it has secured two significant EPC contracts. The first contract is for a 250 MWac/350 MWdc ISTS solar power project in Rajasthan, showcasing Gensol’s emerging leadership in the industry and its support for India’s sustainable energy transition.

Founded in 2012, Gensol Engineering Limited leads the Gensol group, excelling in engineering, procurement, and construction (EPC) services, particularly in the solar power sector. With expertise in both ground-mounted and rooftop solar installations, Gensol has successfully deployed over 600 MW of solar power capacity.

Expanding its horizons, Gensol has also inaugurated an electric vehicle (EV) manufacturing plant in Pune, India. Additionally, the company has secured a contract for a 50MWac/72.5MWdc solar power project in Maharashtra, marking another milestone in its journey to becoming a key player in the solar energy domain.

Securing contracts valued at Rs 337,70,00,000, inclusive of taxes, marks a noteworthy achievement for Gensol, underscoring its growth and strategic market positioning. These projects involve providing design, engineering, procurement, construction, and commissioning services, with modules being provided as free-issue items.

Ali Imran Naqvi, CEO of Gensol Engineering Limited’s EPC Business, commented, “The acquisition of these projects represents a significant milestone for Gensol Engineering Limited, signaling a substantial expansion in our operational capabilities and project scale. These EPC contracts in Rajasthan and Maharashtra demonstrate our growing expertise and strategic focus on entering key high-growth regions.

He added, “We are sincerely grateful to the project developers for entrusting us with their inaugural greenfield solar projects in India. This period marks a pivotal moment for Gensol as we strive for greater accomplishments and contribute to the nation’s energy transformation.”

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