Gensol Engineering Limited has recently secured two important EPC (Engineering, Procurement, and Construction) contracts, reinforcing its dedication to India’s burgeoning renewable energy landscape. The company has been awarded a project to develop a 250 MWac/350 MWdc ISTS solar power facility in Rajasthan, highlighting its growing prominence within the sector and its support for India’s shift towards sustainable energy solutions. Additionally, Gensol has been entrusted with a 50MWac/72.5MWdc solar power project in Maharashtra, further cementing its position as a key player in the solar energy market.
The combined value of these projects is approximately ₹337.7 crore (Indian Rupees Three Hundred Thirty Seven Crores and Seventy Lakhs), taxes included. These projects are not only a testament to Gensol’s growing influence and market strategy but also mark a significant leap in the company’s size and operational capabilities. The scope of work for these contracts includes the design, engineering, procurement, construction, and commissioning of the solar power facilities, with the provision that the solar modules will be supplied by the project developers.
Ali Imran Naqvi, CEO of Gensol Engineering Limited’s EPC Business, expressed his enthusiasm about the new projects, stating that they represent a significant expansion in the company’s project scale and operational capacity. He emphasized that these projects in Rajasthan and Maharashtra are indicative of Gensol’s strategic intentions to penetrate key regions of high growth. Naqvi expressed gratitude towards the project developers for entrusting Gensol with their first greenfield solar projects in India, viewing this as a crucial moment for the company as it strives for greater accomplishments and plays a pivotal role in India’s energy sector transformation.
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