Gensol Wins Rs 9.67 Billion EPC Contract for 245 MW Solar Project

10 Feb 2025 CW Team

This marks Gensol's second major project win at the Khavda Solar Park within a short span, underscoring the company's strong market presence and execution capabilities.

Earlier this month, the company secured an EPC contract worth Rs 10.62 bn for a 275 MW Solar PV Project – part of the larger 795 MW Solar PV Development Package – at the same location. With these two significant projects, Gensol will now be responsible for the cumulative development of 520 MW of Solar PV capacity at the Khavda Solar Park, a site poised to become the world's largest hybrid renewable energy park.

Anmol Singh Jaggi, MD and Chairman, Gensol Engineering, shared, “These back-to-back orders at Khavda Solar Park are a testament to Gensol's commitment to delivering high-quality, sustainable energy solutions. India is on a remarkable journey towards energy independence, and renewable energy is at the forefront of this transformation. Gensol is proud to be a key contributor to this national endeavour.”

Commenting on the win, Shilpa Urhekar, Chief Executive Officer, Solar EPC (India) in Gensol Engineering Ltd., stated, “We are deeply honored to have signed the contract with a leading public sector undertaking for this prestigious project. Securing two major projects at Khavda within a short timeframe reflects the trust and confidence placed in Gensol's engineering expertise, and firm commitment to customer satisfaction. We are excited to contribute to the nation's renewable energy goals and further strengthen our position as a leading EPC player in the Indian market.”

By leveraging its expertise in solar EPC services, Gensol remains committed to driving sustainable energy solutions that align with the nation’s vision for a greener and more energy- efficient future. By harnessing innovative technologies and fostering a culture of excellence, the company aims to play a pivotal role in decarbonizing the nation's energy landscape, ensuring a greener future for generations to come.

Gensol Engineering, a leading player in the renewable energy sector, has further solidified its position as a key driver of India's energy transition by securing a significant EPC contract. The company has been awarded a contract by a renowned public sector undertaking for the development of a 245 MW Solar PV Project at the prestigious Khavda RE Power Park in Gujarat. This contract, valued at approximately Rs 9.67 billion (bn) (inclusive of GST), includes three years of comprehensive O&M services.This marks Gensol's second major project win at the Khavda Solar Park within a short span, underscoring the company's strong market presence and execution capabilities. Earlier this month, the company secured an EPC contract worth Rs 10.62 bn for a 275 MW Solar PV Project – part of the larger 795 MW Solar PV Development Package – at the same location. With these two significant projects, Gensol will now be responsible for the cumulative development of 520 MW of Solar PV capacity at the Khavda Solar Park, a site poised to become the world's largest hybrid renewable energy park.Anmol Singh Jaggi, MD and Chairman, Gensol Engineering, shared, “These back-to-back orders at Khavda Solar Park are a testament to Gensol's commitment to delivering high-quality, sustainable energy solutions. India is on a remarkable journey towards energy independence, and renewable energy is at the forefront of this transformation. Gensol is proud to be a key contributor to this national endeavour.”Commenting on the win, Shilpa Urhekar, Chief Executive Officer, Solar EPC (India) in Gensol Engineering Ltd., stated, “We are deeply honored to have signed the contract with a leading public sector undertaking for this prestigious project. Securing two major projects at Khavda within a short timeframe reflects the trust and confidence placed in Gensol's engineering expertise, and firm commitment to customer satisfaction. We are excited to contribute to the nation's renewable energy goals and further strengthen our position as a leading EPC player in the Indian market.”By leveraging its expertise in solar EPC services, Gensol remains committed to driving sustainable energy solutions that align with the nation’s vision for a greener and more energy- efficient future. By harnessing innovative technologies and fostering a culture of excellence, the company aims to play a pivotal role in decarbonizing the nation's energy landscape, ensuring a greener future for generations to come.

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

Infrastructure Energy

09 Jan 2026

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Infrastructure Energy

09 Jan 2026

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..