Gensol Engineering has won a substantial Rs 897-crore contract from NTPC Renewable Energy Limited for a 225 MW solar project in Gujarat's Rann of Kutch. The project, set to be executed in EPC mode, includes a three-year operations and maintenance phase.

Gensol Engineering secures an Rs 897-crore contract from NTPC Renewable Energy Limited to develop 225 MW grid-connected solar projects in the Rann of Kutch, Gujarat. The project will be executed on EPC mode and includes three years of operations and maintenance.

Shares of Gensol Engineering shed 4.3% of their value today to close at ₹715 on Thursday. Over the course of one month, the stock has lost 11.4% of its value.

Gensol Engineering is a leading player in the renewable energy sector specialising in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions.

NTPC Renewable Energy Limited awarded Gensol Engineering Ltd. an EPC contract on Thursday for the construction of 225MW Grid Connected Solar PV Projects at GSECL Solar Park (Stage-III), Khavda, Gujarat.

Gensol Engineering stock slipped 4.61% to Rs 713.35 on Thursday against the previous close of Rs 747.80 on BSE. Market cap of Gensol Engineering fell to Rs 2701.66 crore