During this meeting, the board will also review and approve the company’s unaudited financial results for the quarter ending June 2024.

Share Market News: Gensol Engineering has notified exchanges that its board is scheduled to meet on August 12 to discuss potential fundraising. During this meeting, the board will also review and approve the company’s unaudited financial results for the quarter ending June 2024.

“To consider and approve the proposal of raising of funds by way of issuance equity shares or any other eligible securities (“Securities”) through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method,” the company.
Earlier, the company said that it bagged an additional 250 MW/500 MW Battery Energy Storage System Project (BESS) from GUVNL, taking its order book to Rs 3,100 crore in the segment.

Gujarat Urja Vikas Nigam Limited (GUVNL) had earlier awarded the company a BESS project in a similar capacity. Gensol Engineering is a leading player in the renewable energy sector, specialising in solar power engineering, procurement and construction (EPC) services, along with electric mobility solutions.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)