Gensol Engineering Limited experienced a 5% increase in its stock value following the receipt of Rs. 450 Crores under the Production Linked Incentive (PLI) scheme for Hydrogen Electrolyzer. Teaming up with Matrix Gas & Renewables Limited, a green hydrogen infrastructure developer, Gensol won the bid to establish a 237 MW capacity Hydrogen electrolyzer manufacturing plant. This project, alongside a previous 63 MW capacity, grants the consortium a total of 300 MW capacity and a cumulative incentive of Rs. 450 Crores under the PLI scheme. The collaboration between Gensol and Matrix, both promoted by common entities, aims to venture into Green Hydrogen, Green Steel, and Green Ammonia sectors. The initiative plays a vital role in India's ambition to produce 5 million metric tons of green hydrogen annually by 2030. Diversifying its operations, Gensol is entering the EV manufacturing and leasing sectors, ensuring multiple revenue streams and reduced reliance on a single industry. With a strong order book, historical technical advisory services, and notable clients like Gail, L&T Realty, and Hindalco, Gensol remains well-positioned in the renewable energy market. Financially, the company showcased impressive revenue growth and profits, supported by a return on equity of 20% and return on capital employed of 12.3%. However, Gensol holds a high debt-to-equity ratio of 4.63, indicating potential financial risks. Overall, the article conveys a positive sentiment towards Gensol Engineering Limited's strategic moves in the green energy sector, particularly in the development of hydrogen electrolyzer plants and expansion into EV markets.