India's Gensol Engineering hits upper circuit on bid win for solar projects

Gensol Engineering

23/07/2024 05:05

** Shares of Gensol Engineering  GENO.NS  rise 5% to 985.15
rupees, hitting upper circuit
    ** The renewable energy and electric mobility co emerges as
winning bidder for solar projects in Gujarat for revenue of 6
billion rupees ($71.7 million)
    ** GENO on track to snap three-day losing streak; set for
best day in over a month
    ** Stock up 16.5% YTD, had gained ~87% in 2023 since listing
in July 

($1 = 83.6360 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))