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Gensol Engineering Ltd is engaged in the business of Solar consulting & EPC.
Gensol Engineering Limited has successfully commissioned a ground-mounted solar power plant in Panchet, Jharkhand, developed under a ₹40 crore EPC contract. The 40-acre facility is designed to generate over 15 million units of clean energy annually, significantly aiding local commercial applications. Gensol's expertise was crucial in navigating the site's challenging...
Refex Green Mobility Limited (RGML) and Gensol Engineering Limited have mutually agreed to withdraw from the proposed asset takeover of 2,997 electric vehicles. The decision stems from evolving commitments that would impede the transaction's completion within the initially planned timeline. Both parties expressed appreciation for their collaborative engagement during the...
Refex Green Mobility Limited and Gensol Engineering Limited have provided an update regarding the proposed sale of 2,997 electric vehicle (EV) assets. They have entered into a tie-up for the asset takeover, currently undergoing due diligence and awaiting the necessary financial and regulatory approvals to proceed. Gensol has actively supported...
Gensol Engineering Limited plans to raise Rs. 600 crore to enhance its financial strength and move towards a zero net-debt goal. The fund-raising strategy includes Rs. 400 crore through Foreign Currency Convertible Bonds (FCCBs) and Rs. 200 crore via warrants to promoters. The company currently has a debt of Rs....
Promoters of Gensol Engineering have infused INR 29 Cr into the company by converting warrants into equity, showcasing their strong commitment to the firm’s growth strategy. This conversion will add 4,43,934 new equity shares at INR 871 per share, reinforcing Gensol's capital base as it seeks to expand in the...