2:1 Bonus Share: Energy Stock Declares Solar EPC Order Book Crosses Rs 4K Cr, Shares Up 3024%

Small cap renewable energy and electric mobility pioneer, Gensol Engineering Ltd shares today informed via BSE that its solar EPC order book is INR 4,097 Crore representing 1.5 GW as of 30th September 2024. This substantial figure includes solar projects from both Public Sector Undertakings (PSUs) and private clients, to be executed within a timeline of 12 to 18 months. Meanwhile, last trading price of Gensol Engineering Ltd shares on BSE stood at Rs 804.20 apiece.

The company has a market capitalisation of Rs 3045.74 crore. Gensol Engineering shares slipped over 18% in last 3-months but gained 3024% in last 3-years. Gensol Engineering Ltd shares gained over 25 in trade today. Check details below:

Gensol Gives Update On Order Book: The company informed today that its Solar EPC - unexecuted order book stood at Rs 4097 crore while 2 Battery Energy Storage System (over 12 years) stood at Rs 3,138 crore. Meanwhile, 3 Solar Power Generation book (over 25 years) stood at Rs 1,820 crore. The total order book stood at Rs 9055 crore.

Commenting on Order Book, Mr. Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Limited said: "This robust order book reflects the strength and organizational capability of Gensol Engineering Limited to execute big ticket orders and help the nation achieve its renewable energy goals. With an unexecuted order book of over INR 4,000 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 9,000 Crore. We are grateful to our stakeholders and the Gensol family for their unwavering support as we continue to deliver long-term sustainable growth."

Gensol Engineering Stock Performance & Return: The 52-week high price of Gensol Engineering shares on BSE is Rs 1377.10 apiece (as on 20/02/2024) and 52-week low price is Rs 664.64 apiece (as on 09/10/2023), respectively. Gensol Engineering shares offered stellar returns of over 3000% in last 3-years, gained 78% in last 2-years, and offered rally of 19% in last 1-year. Gensol Engineering shares slipped 13% in last 1-month.

Gensol Engineering Bonus Issue In 2023: The company earlier this year announced 2:1 bonus issue and declared October 17 as the record date for bonus issue.

Shareholding: Promoters have increased holdings from 62.62% to 62.77% in June 2024 quarter. FII/FPI have decreased holdings from 2.39% to 1.98% in June 2024 quarter. Number of FII/FPI investors increased from 13 to 17 in June 2024 quarter. Institutional Investors have decreased holdings from 2.48% to 1.98% in June 2024 quarter, according to Trendlyne data.

About: Gensol Engineering Limited (GEL), which is a BSE-listed entity and also the flagship company for the Gensol group, was setup in the year 2012 when the solar industry in India was in the stage of its infancy. GEL is dedicated to using technology, engineering and innovation to give its clients the best returns on their capital. It strives to provide support and engineering expertise to clients a nd investors in Solar Power Sector through its offerings of complete concept to commissioning services for MW scale grid-connected solar power projects.

Disclaimer: The stock just highlights the order book and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.