Gensol Engineering, in collaboration with Matrix Gas & Renewables, has successfully bid for a 237 MW annual capacity to establish an electrolyser manufacturing plant in India under the Production Linked Incentive (PLI) scheme. This victory, achieved through a competitive tender by the Solar Energy Corporation of India (SECI), adds to the consortium's earlier 63 MW capacity, bringing the total to 300 MW with cumulative incentives of Rs 450 crore. Anmol Jaggi, the managing director of Gensol Engineering Ltd., expressed pride in winning the PLI capacity under the National Green Hydrogen Mission, emphasizing the company's technical capabilities and commitment to the green hydrogen sector. This success not only solidifies Gensol's position in the industry but also creates opportunities for growth and collaboration in renewable energy. Gensol Engineering, known for its end-to-end EPC and solar advisory services, offers a range of technical solutions for solar projects globally, including in India. The company's financial performance has been impressive, with a consolidated net profit of Rs 19.78 crore in Q4 FY24, marking a substantial increase from the previous year. Additionally, revenue from operations surged by 143.28% to Rs 398.82 crore in the same quarter, indicating significant growth. Currently, the company's stock is trading at Rs 961.50 on the Bombay Stock Exchange (BSE), reflecting investor confidence in Gensol Engineering's capabilities and future prospects.