"Gensol Engineering Ltd Secures ₹138.72 Crore Solar Power Project Contract from SEML in Chhattisgarh"

Gensol Engineering Ltd Secures Contract for 33 MW Solar Power Project in Chhattisgarh

Gensol Engineering Limited, a prominent player in the renewable energy sector, has clinched a contract for a 33 MW AC solar power project from Sarda Energy & Minerals Ltd. (SEML), a leading steel producer and India's foremost exporter of ferro alloys. The project is set to cater to SEML's captive use at its Kharora plant in the industrially thriving region of Chhattisgarh, marking a notable addition to Gensol's renewable energy portfolio in the area.

The comprehensive contract encompasses design, engineering, procurement, construction, and commissioning responsibilities for the solar power facility. Gensol's selection for this project underscores its expertise and commitment to the renewable energy sector, reinforcing the trust SEML has placed in Gensol's ability to deliver excellence.

Valued at ₹138,72,22,000 (Indian Rupees One Hundred Thirty-Eight Crores Seventy-Two Lakhs and Twenty-Two Thousand Only), inclusive of taxes, the contract stands as a significant milestone for Gensol Engineering Limited. The project is slated for completion within a concise timeline of 6 months.

Commenting on this achievement, Mr. Ali Imran Naqvi, CEO (Head - BD & Projects) of Gensol Engineering Limited, stated, "Securing this project is not just a milestone for us but also an entry into the vast industrial landscape of Chhattisgarh. Known for its rich mineral deposits and burgeoning industrial sector, Chhattisgarh presents a dynamic market with immense potential for renewable energy integration. This project aligns with our vision to tap into such high-growth areas and to contribute to a greener, cleaner tomorrow. We are profoundly honored by the trust SEML has placed in us and are eager to bring our best to the table."

This venture signifies Gensol Engineering Limited's strategic expansion into the Chhattisgarh market, paving the way for future growth and opportunities in the region.

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