Gensol Engineering Ltd's shares experienced a 2.3% rise after announcing a partnership to develop India's first and largest green steel production facility. This initiative, in collaboration with Matrix Gas & Renewables, focuses on using 100% green hydrogen for steel manufacturing, aligning with India's National Green Hydrogen Mission. The project, with a total capital expenditure of Rs 321 crore, also benefits from Government incentives to promote sustainable growth in the steel sector. Furthermore, Gensol's financial performance showcased significant growth with a revenue increase of 103% and a net profit surge of 50% from Q1FY24 to Q1FY25. The company's diverse business segments, including solar EPC projects, EV market expansion, and plans for an electric vehicle launch, reflect a strategic and sustainable business model. Gensol's focus on renewable energy and innovative solutions positions it well for continued success in the evolving market, with projected consolidated EBITDA of over ₹400 Cr for FY25 and strategic goals for future growth and profitability.