Gensol Engineering rose 4.64% to Rs 1606.30 after the company said that in the normal course of business. The company closed orders from various reputed clients to develop over Rs 531 crore solar power projects. The project will be developed in the different states named Andhra Pradesh, Punjab, Jharkhand,  Ladakh, Maharashtra, Uttarakhand, Madhya Pradesh, Rajasthan, Haryana, Telangana and Tamil Nadu. Two projects are based on the system’s balance model, while the projects are to be developed through a full turnkey EPC model. More than 37 per cent of the development project are in the southern state of Karnataka, Tamil Nadu, AP, and Telangana, followed by Gujarat at 34 per cent. The total order booked needs to be developed over land; the rest are raised over the rooftop of the clients’ factories. The largest project size till now is over 25 MWp, whereas 80 KWp is the lowest size of the project. The value of these projects is pegged at Rs 5,31,24,16,761, exclusive of taxes.

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“It is worth noting that more than 23 per cent are repeat orders from the existing clients, which is emblematic of the trust that the company has built with its clients through its delivery of high-quality solar assets,” the company said in a statement. The company’s stock has zoomed 1392.51 per cent, while the benchmark Sensex has added 1.54 per cent during the same period.