Gensol Engineering Surges 5% as it Inks Rs 2,000 Crore EV Manufacturing Deal with Gujarat Government

9 Jan 2024 , 12:38 PM

Gensol Engineering’s stock gains 5% in opening trade on January 9 after signing an MoU with the Gujarat Government for Electric Vehicle (EV) Manufacturing.

At the current moment, Gensol Engineering is trading at Rs 834.90, reflecting a 3.25% increase on the BSE.

The MoU involves an investment of Rs 2,000 crore for Electric Vehicle Manufacturing and is expected to create approximately 1,500 jobs in the region.

Anmol Singh Jaggi, Co-founder of Gensol Group, expresses gratitude to the Government of Gujarat for their collaboration and support, emphasizing the company’s confidence in the state’s commitment to sustainable growth and green manufacturing.

The share’s 52-week high stands at Rs 945.85, recorded on October 18, 2023, while the 52-week low is Rs 265.68, noted on March 14, 2023.

For feedback and suggestions, write to us at [e-mail]