Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services, has announced that its solar EPC order book has reached INR 4,097 Crore, equivalent to 1.5 GW, as of September 30, 2024.
This significant total includes solar projects from both Public Sector Undertakings (PSUs) and private clients, set to be completed within 12 to 18 months. In addition to its solar order book, Gensol has secured contracts for Battery Energy Storage Systems (BESS) under the BOO model, enhancing its revenue potential and reinforcing its commitment to advancing renewable energy solutions to address the intermittent nature of the renewable energy sector.
Commenting on the order book, Mr. Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Limited, stated, “This robust order book highlights Gensol Engineering Limited’s strength and capability to handle significant projects, contributing to the nation’s renewable energy goals. With an unexecuted order book exceeding INR 4,000 Crore, we are positioned for substantial growth in India’s rapidly expanding solar sector. Additionally, our achievements in Battery Energy Storage Systems (BESS) under the BOO model and in power generation have diversified our operations, increasing our total solar and battery storage revenue visibility to over INR 9,000 Crore. We appreciate the unwavering support from our stakeholders and the Gensol family as we pursue sustainable long-term growth.”