3,253% return in 3 years: This Solar company gets Rs 780 crore order - Check details

Shares of Gensol Engineering Limited, a leading player in the renewable energy sector specializing in solar power engineering, will be in focus on Monday as the company has secured a large order from a leading public sector utility in Maharashtra. The project, which involves the development of a 150 MWac ground-mounted solar PV power plant, is worth Rs 780 crore. According to an exchange filing, the order is to be executed over a 15-month period.

"Gensol's role will encompass the entire gamut of the project's lifecycle —from the complex and critical task of land acquisition, highlighting the scale and intricacy of the undertaking, to the
precise and detailed phases of design, engineering, procurement, and logistics," the company said in the exchange filing.

Additionally, the contract includes three (3) years of operation and maintenance (O&M) services for the project, inclusive of maintenance of the plant's switchyard and its extensive transmission infrastructure.
 
During the trading session on Friday, the stock of Gensol Engineering Limited closed at Rs 815.50 with a gain of 2.05 per cent or 16.35 points. 

On NSE, the stock of the company closed at Rs 817 with a gain of 2.43 per cent or 19.35 points. The 52-week high of the company is Rs 1,376 and the 52-week low is Rs 708.90. 

On a YTD basis, the stock of the company has registered a gain of 0.94 per cent. In the last one year, the stock has given a return of 4.83 per cent. However, it has given a multibagger return of 3,253 per cent in 3 years. The total market cap of the company is Rs 3,244 crores.