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Mint

Gensol Engineering stock rallies over 7% as promoter buys 12,000 shares from open market; now holds a 21.17% stake

Gensol shares surged over 7% after promoter Anmol Singh Jaggi acquired 12,000 shares, increasing his stake to 21.17%. The stock has fluctuated significantly in recent months.

Business Standard

RPower secures 500 MW storage contract marking entry into renewable energy

Other bidders in the auction included Avaada Energy, ACME Cleantech, Gensol, and Indigrid, with the highest quoted tariff reaching Rs 4.9 lakh per MW per month

Business Line

Gensol and Matrix to build India’s first green hydrogen valley in Pune

The project, revealed today, will supply green hydrogen to the specialty chemical industry around the clock for the next 20 years

The Economic Times

Gensol-Matrix to set up India's first green hydrogen valley project in Pune

Gensol Engineering, in collaboration with Matrix Gas & Renewables Ltd, has secured an order to establish India's first green hydrogen valley project in Pune. The plant will produce green hydrogen through electrolysis and supply it to the specialty chemical sector. This initiative is supported by the Department of Science & Technology and facilitated by National Chemicals Laboratories.

Business Standard

Gensol Engg to set up India's first green hydrogen plant in JV; stock up 3%

Gensol Engineering share price gained up to 2.87 per cent at Rs 935 per share on the BSE in Wednesday's intraday deals

Business Standard

Gensol Engg rises on collaboration with Matrix Gas & Renewables to set up green hydrogen Plant

Gensol Engineering gained 2.18% to Rs 927.05 after the company and Matrix Gas & Renewables has secured the project to setup green hydrogen production plant in Pune on build own and operate (BOO) basis.

CNBC TV18

Gensol Engineering to set up India's first Green Hydrogen valley in Pune

The companies were selected through a competitive tender as the best bidder on both technical and commercial grounds.

Business Standard

Gensol-Matrix consortium wins Rs 164 crore for first bio-hydrogen project

It announced they have emerged as the lowest bidder for the EPC of India's first biomass to green hydrogen project.

CNBC TV18

Gensol Engineering and Matrix Gas consortium win ₹164 crore bid for India's first bio-hydrogen project

Shares of Gensol Engineering Ltd ended at ₹941.95, down by ₹17.50, or 1.82% on the BSE.

Mint

Gensol Engineering: This multibagger stock is down about 31% from its all-time high levels; What should investors do?

Multibagger stock: Gensol Engineering share price has dropped over 31% from its record high level, despite a 61.32% increase over the past year. The stock is hovering around a key support level of ₹910, with significant resistance in the ₹980-1,000 range.

Business Line

Gensol-Matrix consortium wins bid for 237 MW capacity for setting up hydrogen electrolyser plant

Consortium wins bid under the production linked incentive (PLI) scheme

The Economic Times

Gensol Engineering-Matrix Gas consortium bags 237 MW electrolyser project

A consortium consisting of Gensol Engineering and Matrix Gas & Renewables has been awarded a project to establish a 237 MW electrolyser manufacturing plant by the Solar Energy Corporation of India (SECI). This project is part of the government's Production Linked Incentive (PLI) scheme. The consortium has now secured a total capacity of 300 MW, including a previously awarded 63 MW project.

Business Standard

Gensol Engineering Q1 result: PAT grows over 2-fold to Rs 32.5 cr

Gensol Engineering on Monday posted over two-fold growth in standalone profit after tax (PAT) Rs 32.5 crore for the quarter ended June 2024 on higher revenues. It had reported a PAT of Rs 12.3 crore in the April-June period of the preceding 2023-24 financial year, the company said in an exchange filing. The company's revenues surged to Rs 275 crore from Rs 147 crore in the year-ago quarter. Gensol Engineering Ltd Chairman and Managing Director Anmol Singh Jaggi said, "Our performance in Q1 FY25 has been exceptional. Gensol is expanding its presence in current and new business segments like Solar, BESS (battery energy storage systems) & EV Leasing, which are poised for significant growth in the near future, boosting our overall profitability". The renewable energy space is experiencing rapid expansion, driven by increasing demand for sustainable solutions and supportive government policies, he added. Gensol Engineering recently bagged a Rs 463 crore solar plant project at Gujarat's

The Economic Times

Gensol Engineering bags another BESS project from GUVNL

Gensol Engineering secures an additional 250 MW/500 MW Battery Energy Storage System Project from GUVNL, increasing its order book to Rs 3,100 crore.