Gensol expands solar portfolio with landmark project at Khavda RE Park

Gensol Engineering has secured an EPC contract worth INR 967.98 crore for a 245 MW solar project at Khavda RE Power Park, bolstering its position in India’s renewable energy revolution.

Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a major player in the renewable energy sector, has strengthened its position as a vital driver of India’s energy revolution by receiving a big EPC contract. A prominent public sector undertaking has given the company a contract to create a 245 MW solar PV project at Gujarat’s prestigious Khavda RE Power Park. This contract, worth about INR 967.98 crores (including of GST), covers three years of comprehensive O&M services.

This is Gensol’s second significant project win at the Khavda Solar Park in a row, demonstrating the company’s strong market presence and execution capabilities. Earlier this month, the business signed an EPC contract worth INR 1062.97 crore for a 275 MW Solar PV Project at the same location, which is part of a bigger 795 MW Solar PV Development Package. With these two key projects, Gensol will now be in charge of developing 520 MW of solar PV capacity at the Khavda Solar Park, which is on track to become the world’s largest hybrid renewable energy park.

Anmol Singh Jaggi, MD and Chairman, of Gensol Engineering, shares, “These back-to-back orders at Khavda Solar Park are a testament to Gensol’s commitment to delivering high-quality, sustainable energy solutions. India is on a remarkable journey towards energy independence, and renewable energy is at the forefront of this transformation. Gensol is proud to be a key contributor to this national endeavour.”

Commenting on the win, Shilpa Urhekar, Chief Executive Officer, Solar EPC (India) in Gensol Engineering Ltd., states, “We are deeply honoured to have signed the contract with a leading public sector undertaking for this prestigious project. Securing two major projects at Khavda within a short timeframe reflects the trust and confidence placed in Gensol’s engineering expertise and firm commitment to customer satisfaction. We are excited to contribute to the nation’s renewable energy goals and strengthen our position as a leading EPC player in the Indian market.”

Gensol continues to drive sustainable energy solutions that correspond with the nation’s aim for a greener, more energy-efficient future by using its expertise in solar EPC services. By using breakthrough technology and cultivating an outstanding culture, the company hopes to play a key part in decarbonising the nation’s energy environment, assuring a brighter future for future generations.

For more information, visit: https://www.gensol.in/

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