{"id":4347,"date":"2024-10-14T10:48:35","date_gmt":"2024-10-14T05:18:35","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4347"},"modified":"2024-10-14T10:48:36","modified_gmt":"2024-10-14T05:18:36","slug":"gensol-engineering-shares-surge-over-3-on-securing-rs-186-crore-solar-contract-in-duba","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/gensol-engineering-shares-surge-over-3-on-securing-rs-186-crore-solar-contract-in-duba\/","title":{"rendered":"Gensol Engineering Shares Surge Over 3% on Securing Rs 186 Crore Solar Contract in Duba"},"content":{"rendered":"\n

Gensol Engineering’s stock jumped over 3% on Monday after the company secured a Rs 186 crore contract for a 23 MWp rooftop solar project in Dubai. The renewable energy firm won the order from a sustainable development company in the UAE, tasked with designing, constructing, and maintaining rooftop solar photovoltaic (PV) systems for a major aviation firm’s engineering facilities in the city.<\/p>\n\n\n\n

The stock moved up by 3.45% to an intraday high at Rs 855 per share on NSE in a beaten-up market for the second day in a row, after the company announced the contract. The project is to be executed in 20 months, the company said in a filing.<\/p>\n\n\n\n

While the company has given a negative return of about 14% in the last six months, shares of Gensol have yielded phenomenal long-term returns and it has surged 2573.59% in three years.<\/p>\n\n\n\n

In September, the board of Gensol approved a Qualified Institutional Placement to raise Rs 750 crore. The company is a pure play renewable energy services player, mainly in the solar power EPC business and provides electric mobility solutions.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Gensol Engineering’s stock jumped over 3% on Monday after the company secured a Rs 186 crore contract for a 23 MWp rooftop solar project in Dubai. The renewable energy firm won the order from a sustainable development company in the UAE, tasked with designing, constructing, and maintaining rooftop solar photovoltaic (PV) systems for a major […]<\/p>\n","protected":false},"author":1,"featured_media":4348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[487],"class_list":["post-4347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-gensol-engineering-contract"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4347"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4347\/revisions"}],"predecessor-version":[{"id":4349,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4347\/revisions\/4349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4348"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}