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Gensol Engineering’s Solar EPC Order Book Surpasses INR 4,000 Crore

Gensol Engineering announced a solar EPC order book of INR 4,097 crore, representing 1.5 GW of projects as of September 30, 2024. The overall revenue visibility of the company is INR 9,055 crore.

October 09, 2024. By Mrinmoy Dey

Gensol Engineering Ltd. announced that its solar EPC order book is INR 4,097 crore representing 1.5 GW as of September 30, 2024. This substantial figure includes solar projects from both Public Sector Undertakings (PSUs) and private clients, to be executed within a timeline of 12 to 18 months.

In addition to the above, Gensol has a strong bid pipeline that far surpasses the current order book.

Apart from the solar order book, Gensol has secured orders for Battery Energy Storage Systems (BESS) under the BOO model thereby boosting its revenue potential and reinforcing its commitment to advancing renewable energy, addressing the intermittent nature of renewable energy (RE) sector.

Commenting on the order book, Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Ltd. said, “This robust order book reflects the strength and organisational capability of Gensol Engineering Ltd. to execute big-ticket orders and help the nation achieve its renewable energy goals.”

He further added, “With an unexecuted order book of over INR 4,000 Crore, we are poised for a significant leap in India’s rapidly expanding solar sector. Beyond this, our achievements in Battery Energy Storage Systems (BESS) under the BOO model and power generation have helped diversify our operations and expand our total solar and battery storage revenue visibility to over INR 9,000 crore.”

As on September 30, 2024, Gensol has an overall revenue visibility of INR 9,055 crore. While the unexecuted solar EPC order book contributes INR 4,097 crore, battery energy storage systems (over12-years) contributed INR 3,138 crore, and the rest INR 1,820 crore is from solar power generation (over 25-years).
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