Gensol Engineering Restricted, a distinguished participant in India’s renewable power sector, introduced the re-appointment of Jabirmahendi Aga as Chief Monetary Officer, efficient instantly. Aga replaces Ankit Jain, who has left to pursue different alternatives, based on a regulatory submitting made on March 6.
The shares of Gensol Engineering Restricted have been buying and selling at ₹341.70 up by ₹6.90 or 2.06 per cent on the NSE right this moment at 10.05 am. The shares reached their 52-week low right this moment at ₹307.25.
Aga brings over 14 years of economic expertise and beforehand served as CFO for the corporate. He’ll report on to Chairman and Managing Director Anmol Singh Jaggi.
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Within the announcement, Jaggi acknowledged the corporate is “going by way of a troublesome time” and described Aga as “the person finest suited to guide us by way of it,” suggesting monetary challenges on the renewable power agency.
Gensol Engineering, established in 2012, specialises in solar energy engineering, procurement, and development providers, together with electrical mobility options. The corporate has executed over 770 MW of photo voltaic initiatives throughout India and ranks among the many high 10 EPC gamers within the nation.
The corporate not too long ago expanded into battery power storage methods and inexperienced hydrogen manufacturing. It additionally operates within the electrical car sector with manufacturing services in Pune and presents EV leasing options to varied shoppers together with authorities entities and firms.
