look news india
Shares of Gensol Engineering saw a tremendous rise on BSE on Friday. Shares of the company rose by more than 8% to Rs 780. The reason for this rise is the big order of Rs 897 crore received by the company from NTPC Renewable Energy Limited (NTPC REL). This order has been given for the development of 225 MW grid connected solar projects.
Project Details: Rs 897.47 crore solar project
Gensol Engineering said that this project will be developed on Engineering, Procurement, and Construction (EPC) basis at GSECL Solar Park (Stage-3) in Khavra, Gujarat.
- Total cost: Rs 897.47 crore.
- Operation and Maintenance: The project also includes 3 years of operation and maintenance.
Tremendous growth of 3600% in last 5 years
Shares of Gensol Engineering have given excellent returns to its investors in the last few years.
- 5 Years Performance:
- The share price on 27 December 2019 was Rs 20.76.
- It increased to Rs 780 on 27 December 2024, an increase of more than 3600%.
- 3 years performance:
- The share price on December 31, 2021 was Rs 36.12.
- It increased by more than 2000% in 3 years.
gift of bonus shares
Gensol Engineering has given the benefit of bonus shares to its shareholders twice.
- October 2021:
- Bonus shares in 1:3 ratio.
- 1 bonus share for every 3 shares.
- October 2023:
- Bonus shares in 2:1 ratio.
- 2 bonus shares for every 1 share.
52 week high
The 52-week high of Gensol Engineering shares is Rs 1377.10. Currently, the share is trading at Rs 780.
Company’s future and global expansion
Gensol is building a strong position in engineering solar projects through its experience and continuous expansion.
- Global Projects:
- The company specializes in solar projects, and is offering its services domestically and internationally.
- Investors’ confidence:
- Due to consistent high performance and bonus shares, investor confidence has increased.