It is a large turnkey engineering, procurement and construction (EPC) order and involves the development of a 150 MWac ground-mounted solar PV power plant. The same is to be executed over 15 months.
Gensol Engineering will be involved in every part of the project’s lifecycle —from land acquisition, to the design, engineering, procurement and logsitics. It will also manufacture, supply construct, inspect, install, test and commission the plant and develop the associated power evacuation infrastructure to the STU substation. The contract also includes three years of operation and maintenance for the project, inclusive of maintenance of the plant’s switchyard and its transmission infrastructure.
“This significant project is a testament to Gensol’s growing expertise as a provider of comprehensive, end-to-end solutions,” Shilpa Urhekar, CEO, Solar EPC (India), Gensol Engineering, said.
The company posted a 29% increase in its net profit after tax at ₹22.93 crore in the September quarter
compared to the previous year’s ₹17.71 crore. Its total income increased to ₹346.82 crore in the second quarter from last year’s ₹304.87 crore.
Last month, the company partnered with Matrix Gas & Renewables Ltd to develop India’s first and largest green hydrogen-powered steel facility.
This initiative, a part of the National Green Hydrogen Mission, aims to revolutionise sustainable steel production by using 100% green hydrogen instead of conventional fossil fuels, Gensol Engineering said in a stock exchange filing.
The project is one of three pilot programmes sanctioned by MECON in collaboration with the Ministry of Steel (MoS) and the Ministry of New and Renewable Energy (MNRE).
The pilot plant will have a capacity of 50 tonne per day (TPD) and is expected to pave the way for similar facilities across India.
Shares of Gensol Engineering ended the Mahurat Trading session with gains of nearly 8% at ₹817.
First Published: Nov 4, 2024 7:25 AM IST
