Gensol Engineering Limited’s Solar EPC order book crosses INR 5,400 Crore as on 31st October ‘24

By teadmin On Nov 6, 2024

Mumbai : Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services announces that its solar EPC order book is INR 5,424 Crore. This substantial figure includes solar projects from both Public Sector Undertakings (PSUs) and private clients, to be executed within a timeline of 12 to 18 months.

Orders	Category	Order Value (INR Crore)
Order 1(Under Award)	PSU – IPP	1,062
Order 2 (Under Award)	PSU – IPP	968
Order 3	PSU – IPP	895
Order 4	PSU – IPP	780
Order 5	Private – IPP	438
Order 6	Contracts in Middle East	443
Order 7	Private – IPP	344
Order 8	PSU – Hydrogen	158
Order 9	PSU – IPP	106
Order 10	PSU – C&I	69
Order 11	PSU – C&I	50
Order 12	Private – C&I	37
All Other Orders Cumulative ¹	PSU/ Private	75
Total Solar Order Book		5,424

In addition to the above, Gensol has a strong bid pipeline that far surpasses the current orderbook.

Apart from the solar order book, Gensol has secured orders for Battery Energy Storage Systems (BESS) under the BOO model thereby boosting its revenue potential and reinforcing its commitment to advancing renewable energy, addressing intermittent nature of renewable energy (RE) sector.

Gensol’s revenue visibility summary as on 31st October ’24:

S. No.	Business segment	Revenue Visibility (INR Crore)
1	Solar Order Book	5,424
2	Battery Energy Storage System (over 12 years)	3,138
3	Solar Power Generation (over 25 years)	1,820
	Total	10,382

Commenting on Order Book, Mr. Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Limited said: “This robust order book reflects the strength and organizational capability of Gensol Engineering to execute big ticket orders and help the nation achieve its renewable energy goals. With an unexecuted order book of over INR 5,000 Crore, we are poised for a significant leap in India’s rapidly expanding solar sector. Beyond this, our achievements in Battery Energy Storage Systems (BESS) under the BOO model and power generation have helped diversify our operations and expand our total solar and battery storage revenue visibility to over INR 10,000 Crore. We are grateful to our stakeholders and the Gensol family for their unwavering support as we continue to deliver long-term sustainable growth.”