Gensol Engineering share price hits upper circuit after completion of ₹128-cr solar project
Mukul Agrawal portfolio: Gensol Engineering share price today witnessed strong buying interest during morning deals. The energy stock came under the radar of Dalal Street bulls after it announced the completion of a 160 MW solar project worth ₹128 crore in Bhavnagar, Gujarat for Continuum Green Energy.
Gensol Engineering share price today opened upside at ₹770.95 apiece on NSE and went on touch an intraday high of ₹799.30 per share level within a few minutes of the opening bell. While climbing to this intraday high, the Mukul Agrawal portfolio stock locked in 5 upper circuit finding no seller in the stock.
The energy company informed Indian stock market exchanges about the completion of the 160 MW solar project in Gujarat saying, "According to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we would like to inform you that Gensol Engineering Ltd. has completed 160 MW ground-mounted solar project for Continuum Green Energy in Bhavnagar, Gujarat, valued at ₹128 Crores.
This project will contribute significantly to Gensol’s increasing solar EPC project portfolio." Also Read: Multibagger penny stock acquires new company after issuance of 4:1 bonus shares Commenting on the project completion, Ali Imran Naqvi, CEO of Gensol Engineering Limited (EPC Business) said, "The successful completion of the 160 MW ground-mounted solar project for Continuum Green Energy is a testament to Gensol's exceptional capabilities in the renewable energy sector. Our ability to execute complex projects seamlessly showcases our unwavering commitment to enhancing India's clean energy landscape.
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