Shares of renewable sector company Gensol Engineering will be in focus as the company has announced a stock split amid a continuous fall in share price. According to an exchange filing the company has announced the sub-division of equity shares from the face value of Rs 10 per share to Rs 1 per share. The move is expected to enhance stock liquidity. In the last trading session the counter had closed at Rs 133.20. The 52-week high of the stock is Rs 1125.75 and the 52-week low is Rs 133.20. The market cap of the company is Rs 506.19 per cent. The counter which has given a 527 per cent return in five years has corrected 82 per cent so far this year. It has given a negative return of over 18 per cent in one week. Additionally a special resolution to issue securities on a preferential basis to the promoter group was also tabled. Amid this Gensol Engineering Ltd on Wednesday announced the company has commissioned a ground mounted solar project in Jharkhand. This 40-acre solar power plant will generate over 15 million units of clean energy annually offsetting 21000 metric tonnes of Co₂ emissions every year Gensol Engineering said in an exchange filing. This project is developed under a Rs 40 crore EPC contract and underscores Gensols expertise in executing complex solar installations in challenging terrains. The scope includes comprehensive operations and maintenance (O&M) support for five years. The project is located at Panchet town of Dhanbad district in Jharkhand. Earlier Gensol Engineering announced plans to raise Rs 600 crore through the issuance of foreign currency convertible bonds and warrants. The move aims at achieving sustainable growth reducing debt and maximising value for its stakeholders the company said in an exchange filing. The Board of Directors in its meeting held earlier today has approved fundraising initiatives amounting to Rs 600 crore aimed at significantly enhancing its financial standing the company said. With PTI inputs