Gensol Engineering Charged Up for Rs 3,100 Crore Order Book Boost

Gensol Engineering announced on Wednesday that it has secured a significant contract from Gujarat Urja Vikas Nigam Limited (GUVNL) for an additional 250 MW/500 MW Battery Energy Storage System (BESS) Project. This new project has boosted Gensol's order book in the segment to Rs 3,100 crore, marking a substantial milestone in their portfolio.

The project, awarded by GUVNL, underscores Gensol Engineering's growing presence in the renewable energy sector, particularly in advanced energy storage solutions. This development aligns with India's increasing emphasis on integrating renewable energy sources into the grid and ensuring grid stability through advanced storage technologies.

According to sources familiar with the matter, the BESS project is expected to contribute significantly to Gujarat's energy infrastructure by enhancing grid stability and supporting the state's renewable energy goals. The project's scope includes the design, engineering, supply, construction, and commissioning of the energy storage system.

Gensol Engineering, known for its expertise in renewable energy solutions, expressed confidence in delivering the project within the stipulated timeframe and meeting the stringent quality standards set by GUVNL. The company aims to leverage its technical capabilities and experience to bolster India's renewable energy infrastructure and contribute to sustainable energy development.

With this latest contract win, Gensol Engineering is poised to further strengthen its position in the burgeoning energy storage market in India, while also advancing the country's renewable energy ambitions. This achievement underscores their commitment to innovation and sustainable energy solutions in the region.

News by Rahul Yelligetti