Gensol Engineering to Consider Fundraising Plans

Gensol Engineering Ltd is set to discuss potential fundraising strategies at an upcoming board meeting. The company aims to raise capital through various methods, including private placements, qualified institutional placements, or preferential issues. This move comes as Gensol Engineering seeks to bolster its financial position amid recent credit rating downgrades and debt servicing challenges. The company has an order book worth over ₹7,000 crore, but faces uncertainty in executing these projects due to liquidity concerns. The fundraising plan is crucial for supporting its growth plans and addressing financial flexibility issues.
Source: India.com