Unravelling The Mess At Gensol-Speed Essential Updated On Thu, Apr 24th, 2025 by Saurenergy Read more
Unravelling The Mess At Gensol-Speed Essential Updated On Thu, Apr 24th, 2025 by Saurenergy A report in business daily Mint has finally raised the issue of embattled solar EPC firm Gensol’s recent tender wins, and the likely future of those projects. The report cites sources close to the matter at the government as saying that all options, including rebidding are on the table. At SaurEnergy, we have also been […] Read more
Gensol Engineering Announces Plan To Raise Rs 600cr Updated On Thu, Mar 13th, 2025 by Saurenergy Gensol Engineering Limited, which has seen over half its market cap degrade over the past month today announced that its Board of Directors has approved fund-raising initiatives amounting to Rs 600 crore aimed at significantly enhancing its financial standing. The solar player has defaulted on debt payments, and faces a liquidity squeeze primarily due to […] Read more
Will Gensol Be Able To Drive Out of Latest Crisis? Updated On Fri, Mar 7th, 2025 by Saurenergy Read more
Will Gensol Be Able To Drive Out of Latest Crisis? Updated On Fri, Mar 7th, 2025 by Saurenergy A downgrade by ratings agency ICRA has sent the Gensol Engineering stock on a tailspin, with the stock falling over 40% in the past four days. What’s behind Gensol Engineering’s massive stock crash? ICRA rating downgrade, governance concerns, and more Gensol Engineering, an Ahmedabad-based company engaged in solar EPC and EV leasing, had been a well […] Read more
Gensol Unlocks Rs. 350 Cr Deal For Scorpius’ US Subsidiary Updated On Tue, Feb 25th, 2025 by Saurenergy Gensol Engineering Limited has signed a non-binding Term Sheet for a Rs. 350 crore transaction involving the sale of its US subsidiary, Scorpius Trackers Inc., to a Renewable Energy Solutions provider in the US. The deal includes transferring exclusive and global Intellectual Property (IP) rights (except India) for Scorpius Trackers’ solar tracking technology. Gensol had […] Read more
Gensol Q3-9 Month Revenues Up 42% Updated On Wed, Feb 12th, 2025 by Saurenergy Gensol Engineering Limited, one of the oldest players in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) services, along with electric mobility solutions, announced its unaudited consolidated financial results for the quarter & nine months ended December 31st, 2024 (Q3 & 9M FY25). Consolidated Financial Summary: Particulars (₹ in Crore) Q3 […] Read more
Gensol Bags 245 MW Solar EPC Project At Khavda Updated On Fri, Feb 7th, 2025 by Saurenergy Gensol Engineering Limited, a leading player in the renewable energy sector, has further solidified its position as a key driver of India’s energy transition by securing a significant EPC contract. The company has been awarded a contract by a renowned public sector undertaking for the development of a 245 MW Solar PV Project at the […] Read more
Gensol Electric’s EV Launches Garner 30,000 Pre-Orders Updated On Tue, Jan 28th, 2025 by Saurenergy Gensol Electric Vehicles Pvt. Ltd. (GEVPL), a subsidiary of Gensol Engineering Limited , stood out at the recently concluded Bharat Mobility Global Expo 2025 with the grand unveiling of its micro urban mobility compact electric vehicle, ‘EZIO’ and a last-mile delivery and cargo electric vehicle ‘EZIBOT’. The company has announced 30,000 pre-orders received for EZIO and EZIBOT […] Read more
