Waaree Renewable bags ₹1,233.5-crore solar project order – EQ
In Short : Waaree Renewable Technologies has secured a major solar project order worth ₹1,233.5 crore. This significant contract involves the development of large-scale solar power infrastructure, marking a key milestone in the company’s growth and its contribution to India’s renewable energy sector. The project aligns with the country’s efforts to expand its clean energy capacity and meet sustainability targets.
In Detail : Solar energy solutions provider Waaree Renewable Technologies Ltd on Wednesday (November 27) said it has received a “term sheet” for the execution of engineering, procurement, and construction (EPC) of a ground mount solar PV project with a capacity of 2012.47 MWp DC.
The total estimated value of the order is approximately ₹12,33.5 crore (excluding taxes). This order involves the development and implementation of a large-scale renewable energy project. The timeline for project completion will be mutually decided between the parties involved.
“..we are pleased to inform you that “WAAREERTL” has received a Term Sheet for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount Solar PV project of 2012.47 MWp DC capacity,” Waaree Renewable Technologies said in a regulatory filing.
Waaree Renewable Technologies’ consolidated net profit nearly tripled to ₹53.51 crore during the September quarter, backed by higher income. It had posted a ₹20.54 crore net profit for the same quarter a year ago. Total income rose to ₹527.86 crore from ₹150.93 crore.
