India's Gensol Engineering rises on plan to make EVs

Gensol Engineering

09/01/2024 04:08

** Shares of renewable energy and electric mobility co
Gensol Engineering  GENO.NS  up 3.5% in early trade
    ** GENO signs Memorandum of Understanding with govt of
Gujarat to invest 20 billion rupees ($240.82 million) to make
electric vehicles  
    ** Stock rises after five straight sessions of losses 
    ** As of last close, GENO down 4.4% so far this month
   
($1 = 83.0487 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))