Gensol Engineering Restricted, a outstanding participant in India’s renewable vitality sector, introduced the re-appointment of Jabirmahendi Aga as Chief Monetary Officer, efficient instantly. Aga replaces Ankit Jain, who has left to pursue different alternatives, in line with a regulatory submitting made on March 6.
The shares of Gensol Engineering Restricted have been buying and selling at ₹341.70 up by ₹6.90 or 2.06 per cent on the NSE at present at 10.05 am. The shares reached their 52-week low at present at ₹307.25.
Aga brings over 14 years of monetary expertise and beforehand served as CFO for the corporate. He’ll report on to Chairman and Managing Director Anmol Singh Jaggi.
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Within the announcement, Jaggi acknowledged the corporate is “going by way of a tricky time” and described Aga as “the person greatest suited to steer us by way of it,” suggesting monetary challenges on the renewable vitality agency.
Gensol Engineering, established in 2012, specialises in solar energy engineering, procurement, and building companies, together with electrical mobility options. The corporate has executed over 770 MW of photo voltaic initiatives throughout India and ranks among the many prime 10 EPC gamers within the nation.
The corporate just lately expanded into battery vitality storage programs and inexperienced hydrogen manufacturing. It additionally operates within the electrical automobile sector with manufacturing services in Pune and provides EV leasing options to numerous purchasers together with authorities entities and companies.
