Gensol Engineering Limited on Wednesday announced that it has been awarded a contract for a 33 MW AC solar power project by Sarda Energy & Minerals Ltd (SEML), a steel production company and an exporter of ferro alloys. “The initiative will unfold for its captive use at SEML’s Kharora plant in Chhattisgarh, a region burgeoning with industrial growth and opportunity. This marks a significant leap in Gensol’s renewable energy portfolio in the region,” the company said in a regulatory filing.
The scope of the contract covers a comprehensive set of responsibilities including design, engineering, procurement, and construction, along with the commissioning of the solar power facility. The contract is valued at Rs 138,72,22,000 inclusive of taxes, and is scheduled for completion within a 6-month timeline.
Ali Imran Naqvi, CEO (Head – BD & Projects) of Gensol Engineering Limited, said, “Securing this project is not just a milestone for us but also an entry into the vast industrial landscape of Chhattisgarh. Known for its rich mineral deposits and burgeoning industrial sector, Chhattisgarh presents a dynamic market with immense potential for renewable energy integration. This project aligns with our vision to tap into such high-growth areas and to contribute to a greener, cleaner tomorrow. We are profoundly honored by the trust SEML has placed in us and are eager to bring our best to the table.”
This venture serves as a strategic foray for Gensol Engineering Limited into the Chhattisgarh market, setting the stage for future growth and opportunities in the region.
