Gensol Engineering Wins Turnkey Solar Project Worth Rs 88 Cr In Punjab; Shares In Green

Gensol Engineering Limited recently entered into two PPAs (Power Purchase Agreements) Thermal Power Companies Assured that it will be the sole bidder for the Punjab Project, and another prominent steel makes in Punjab awarded a Solar Engineering Procurement and Construction (EPC) contract to Gensol Engineering. Rs 88 crores for the award is a project of construction 22MW of a ground mount solar photovoltaic (PV) Power Plant and the contract is also anticipated to be delivered within six months.

This project will integrate high-efficiency bi-facial solar modules that have been optimised for energy output and reliability over their useful life. By deploying advanced and innovative solar technologies, we wish to play a part in India's goals for renewable energy and build green energy infrastructure. The C&I (Commercial and Industrial) initiatives enable C&I players to reduce their carbon footprint, improve the decarbonisation of their operations, adopt ESG measures, and become "green" companies.

Gensol has once again showcased its industry leadership by outdoing itself in the financial quarters, recording high profitability numbers. In FY2025 Q2, for instance, net sales amounted to 347 crores whilst net profit figures settled on 23 crores which translated to 14 per cent and 29 per cent growths from the previous quarter respectively. Verifying it further, H1 FY25 recorded net sales of 710 crores, a whopping 49 per cent rise from the previous period with net profit showing a 52 per cent rise as well hitting 50 crores. But that's not the end, the company's yearly financial reports for the fiscal year 2024 showed massive successes exceeding previous efforts and greatly increasing profits; net sales were recorded as 963 crores, marking a growth of 142 per cent year on year while net profit settled at 53.5 crores, a 129 per cent growth across just a year.

The level of faith investors have in the company remains intact as foreign institutional investors increased their stakes slightly to 2.3 per cent within a span of three months. Currently, the stock is valued at 2957 crores and the market return of 3650 percent in the past three years further showcases the impressive standing of the company. Specifically, the growth forecast is an impressive compounded annual growth rate of 52.1 per cent and strong metrics supporting the performance such as a price-to-earnings ratio of 36 times and return on equity of 21 per cent.

Gensol's solar EPC order book remains strong at Rs 5,424 crore and the company has public and private targeted projects which are expected to be completed within 12 to 18 months. The company has also acquired contracts for Battery Energy Storage Systems (BESS) based on the Build-Own-Operate (BOO) model, which indicates the expansion into the advanced energy solutions market. Overall revenue visibility across solar, BESS, and solar power generation segments stands at Rs 10,382 Crores which will enable Gensol to meet the growing clean energy requirements.

Founded in 2012, Gensol Engineering Limited focuses on providing full-scale EPC solutions for solar plants around the world. So far, the company has deployed more than 770 MW of solar capacity through ground and roof-mounted systems. Gensol is also at the forefront of transforming the electric vehicle industry in India with a cutting-edge facility in Pune set up to roll out 30,000 EVs per year. Further, its EV leasing solutions cater for individual, fleet and cargo transport and has leased over 3,000 EVs with aggressive rollout plans.
Operating from India, Gensol is focused on developing renewable energy and e-mobility solutions and is in line with the company's directive of building clean solutions for the climate.