Gensol Group

In the past one month, the stock price of Gensol Engineering nearly doubled, or surged 96 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

Stocks to watch today: L&T commissioned a new green hydrogen plant at Hazira in Gujarat; Future Enterprises defaults on payments of interest of two non-convertible debentures (NCDs) of Rs 12.6 crore.

Gensol Engineering was locked at 5 per cent upper circuit band for a third straight day

Back in 2010, Anmol Jaggi was one of the key names in the carbon credit market, advising large corporates on how to be energy-efficient and making money from it. With close to 25 million carbon credits and around 400 clients in India, his company was in its heyday since launch in 2007.Then, the carbon credit market crashed and so did the growth plans. Resurrecting itself with solar power, his Gensol group (with two promoters, Anmol and Puneet Jaggi) has grown to be the largest entity in solar design & engineering (D&E) consultancy, along with 2,000 Mw of solar power operations & management (O&M) projects. The company has half the market in solar consulting and the clients include noted players such as Greenko, Essel Infra, Suzlon, China Light & Power, ReNew Power and Shapoorji Pallonji."With an almost similar set of clients with whom we worked for carbon credits, we forayed into solar. We were consultants for most of the first movers in the solar energy market," ...