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Gensol Engineering Ltd addresses recent credit rating downgrades
short by / on Thursday, 6 March, 2025
Gensol Engineering Limited (GEL) addressed recent credit downgrades, citing temporary liquidity issues and denying falsification claims, forming a review committee. With an order book of ₹7,000 crore, GEL's debt stands at ₹1,146 crore, with a debt-equity ratio of 1.95. The company has reduced debt by ₹230 crore this year, aiming for zero net-debt.