Gensol Engineering's share price surged by up to 2.87% to Rs 935 per share after announcing a project to establish India's first green hydrogen valley in Pune. The company partnered with Matrix Gas & Renewables to set up a green hydrogen production plant on a build, own, and operate (BOO) basis to supply green hydrogen to the specialty chemical sector for 20 years. Anmol Jaggi, Managing Director of Gensol Engineering, mentioned that the aim is to supply green hydrogen round the clock to develop the Green Hydrogen economy in India. Chirag Kotecha, the whole-time director at Matrix Gas and Renewables, highlighted that the project is being facilitated by National Chemicals Laboratories in Pune and will focus on Green Hydrogen generation concepts and R&D. Gensol Engineering specializes in solar consulting and engineering services, with a significant revenue surge of 104.52% year-over-year in Q1FY25. The company's net profit also doubled during the same period. The project signifies a positive step towards sustainable energy practices and showcases financial growth for Gensol Engineering.