Gensol Engg share price tanks 35% in 3 days on downgrades by CARE, ICRA

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Gensol Engg share price tanks 35% in 3 days on downgrades by CARE, ICRA - Business Standard

Quick Summary:

Gensol is a leading player in the renewable energy sector, specialising in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions.

Gensol not only manufactures but also provides comprehensive EV leasing solutions, catering to a diverse clientele that includes PSUs, educational institutions, government entities, multinational corporations, ride-hailing services, employee transport companies, rental services, logistics, and last-mile delivery enterprises.

The action follows feedback received by the rating agencies from the company's lenders about the ongoing delays in debt servicing.