Business Update3 Oct 2024, 01:14 pm
Gensol Engineering Ltd Records Revenue Of INR 314 Cr In Q2 FY25, A Growth Of 58% YoY
AI Summary
Gensol Engineering Ltd, a leading player in the renewable energy sector, recorded a revenue of INR 314 Cr in Q2 FY25, marking a significant growth of 58% compared to the same quarter last year. This achievement underscores Gensol's position as a frontrunner in the industry, demonstrating its ability to capitalize on emerging opportunities and deliver value to its stakeholders.
Key Highlights
- Revenue from operations in Q2 FY25 surpassed INR 314 Crores, a growth of 58% YoY
- Gensol Solar EPC, amongst the top 10 EPC players in India, has successfully executed over 770 MW of diverse solar projects
- Gensol has established a state-of-the-art electric vehicle (EV) manufacturing facility in Chakan, Pune (India)
- Gensol EV has received the Automotive Research Association of India (ARAI) certification for the vehicle
- Gensol is contributing to the future of Battery Energy Storage Systems (BESS) in India