Introduction:
Leading renewable energy player has secured an INR 350 crore strategic deal to sell its US subsidiary to a major industry provider. The transaction includes global intellectual property rights, excluding India, unlocking capital to fuel expansion and strengthen financial growth in clean energy.
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Share price movement of Gensol Engineering:
On February 25, 2025, Gensol Engineering Ltd opened at ₹572.00, slightly down from its previous close of ₹572.95. The stock reached a high of ₹579.80 (1.34%) and a low of ₹568.55. By 09:59 AM, it traded at ₹575.30, with a market cap of ₹2,186.28 crore.
Gensol Engineering Secures INR 350 Crore Deal:
Gensol Engineering Ltd. has signed a non-binding Term Sheet for an INR 350 crore deal to sell its US subsidiary, Scorpius Trackers Inc., to a leading renewable energy provider. The transaction includes global intellectual property rights, excluding India, for advanced solar tracking technology.
The strategic sale aligns with Gensol’s plan to unlock capital and strengthen its financial position. The deal will be executed in two tranches, with full closure expected by March 2026, subject to approvals. Proceeds will be reinvested in expanding Scorpius Trackers’ operations in India and boosting solar EPC growth.
Gensol aims to enhance cash flow and reinforce its balance sheet through this reinvestment. The funds will drive clean energy initiatives and ensure long-term value for shareholders. This move solidifies Gensol’s position in India’s renewable sector while leveraging asset monetization strategies effectively.
Recent news on Gensol Engineering:
As of January 28, 2025, Gensol Engineering Ltd secured 30,000 pre-orders for its compact EVs, Ezio and Ezibot. Designed for micro urban mobility, these EVs offer running costs as low as 50-60 paise per km, significantly cheaper than petrol vehicles.
Stock performance of Gensol Engineering for Period of 1 week, 6 months and 1 year:
Gensol Engineering Ltd delivered a 6.23% return over the past week, showing short-term gains. However, its stock declined 40.7% over six months and 53.8% over the past year, reflecting significant long-term underperformance despite recent positive developments in its business strategy.
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Shareholding pattern of Gensol Engineering:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 62.70% | 62.60% | 62.80% |
| FII | 0.60% | 2.30% | 2.00% |
| DII | 1.40% | 0% | 0% |
| Public | 35.30% | 35.10% | 35.30% |
About Gensol Engineering:
Gensol Engineering Ltd. (NSE: GENSOL) is a leading renewable energy player specializing in solar EPC, EV manufacturing, and leasing. With a strong presence in India and the Middle East, it offers innovative solar, mobility, and energy storage solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
