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 had been buying and selling at ₹341.70 up by ₹6.90 or 2.06 per cent on the NSE as we speak at 10.05 am. The shares reached their 52-week low as we speak 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 means of a troublesome time” and described Aga as “the person finest suited to steer us by means of it,” suggesting monetary challenges on the renewable power agency.
Gensol Engineering, established in 2012, specialises in solar energy engineering, procurement, and building companies, together with electrical mobility options. The corporate has executed over 770 MW of photo voltaic tasks throughout India and ranks among the many prime 10 EPC gamers within the nation.
The corporate just lately expanded into battery power storage methods and inexperienced hydrogen manufacturing. It additionally operates within the electrical car sector with manufacturing amenities in Pune and affords EV leasing options to varied shoppers together with authorities entities and firms.
