Gensol Engineering Ltd News Today

A forensic auditor shall be appointed by SEBI to investigate Gensol’s financial records. The said report is expected within a period of six months.

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The transaction comprises two tranches, in which exclusive global IP rights pertaining to Scorpius Trackers advanced solar tracking technology are transferred.

Gensol’s role will cover the complete project lifecycle, including land acquisition, design, engineering, procurement, logistics, and construction.

Gensol Engineering stocks has witnessed a 9.52% dip in the last one year, and 7.5% dip since the beginning of the year.

The companies were chosen as the top bidders in a competitive tender on both technical and commercial grounds.

The project is estimated to be worth ₹164 Crore and is slated for completion within 18 months, aligning with the goals of the National Green Hydrogen Mission.

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The project includes engineering, design, procurement, installation, testing, and commissioning of a solar plant with a fixed tilt module mounting structure and the remaining balance of the system.