Gensol Engineering shares gain after bagging NHPC project

Gensol Engineering, in an exchange filing, said that it emerged as the lowest bidder for the Green Hydrogen Mobility Station EPC Project.

The share of Gensol Engineering touched a 52-week high of Rs 945.85 on October 18, 2023.

Gensol Engineering Share Price BSE, NSE: Shares of construction engineering company Gensol Engineering Limited traded higher by 2.48 per cent at Rs 807. The share also hit the day’s high of Rs 182.25. The gain in the stock was fueled by the company winning an NHPC contract in the Union Territory of Laddakh.

Under the secured contract, the company will develop a 500 kW Kargil Green Hydrogen Mobility Station. The project will be completed within 12 months from the issuance of the work order, the company said in a statement on exchanges.

Gensol Engineering, in an exchange filing, said that it emerged as the lowest bidder for the Green Hydrogen Mobility Station EPC Project.

The company said that it will develop a 500-kW grid-connected, ground-mounted solar power project that will provide energy to the hydrogen refuelling station.

The scope of work includes the entire balance of plant EPC encompassing the green hydrogen system installation, storage and dispensing facilities, in addition to the requisite civil and electrical infrastructure for the integrated solar and hydrogen operation in Ladakh.

Earlier, the share of Gensol Engineering touched a 52-week high of Rs 945.85 on October 18, 2023 and a 52-week low of Rs 265.68 on March 14, 2023.

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