Gensol Engineering shares surge 5% post securing Rs 780 crore solar PV project
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The shares of Gensol Engineering went by nearly 5% to day’s high of Rs 860 on BSE post securing Rs 780 crore solar PV project from a leading public sector utility in Maharashtra. The project involves the development of a 150 MWac ground-mounted solar PV power plant and is set to be executed over a 15-month period. The scope of the project includes the manufacturing, supply, erection, inspection, installation, testing, and commissioning of a 150 MWac grid-connected ground-mounted solar PV power plant, along with the development of the associated power evacuation infrastructure to the STU substation. Additionally, the contract includes three years of operation and maintenance (O&M) services for the project, inclusive of maintenance of the plant's switchyard and its extensive transmission infrastructure, the company said in a filing. The project aligns with the forward-looking policy introduced by the Ministry of New and Renewable En...