Rays Power Infra Secures Major Contracts, Expands Presence in Gujarat and Assam Solar Markets, and Eyes Further Growth – EQ

Rays Power Infra Secures Major Contracts, Expands Presence in Gujarat and Assam Solar Markets, and Eyes Further Growth 

Rays Power Infra Limited (“Company”), a leading player in the renewable energy sector, proudly announces the acquisition of three orders in its Solar EPC Business totalling 520 MWp, two from a renowned CPSU (Central Public Sector Undertaking) and another from a global renewable energy developer. These orders marked the Company’s entry into the Gujarat and Assam markets. This also positions the company as one of the key EPC players in 14 States in India. The combined order value for these projects , underlines Company’s commitment to advancing sustainable energy solutions. This strategic move not only reinforces the company’s foothold in the renewable energy landscape but also strengthens its relationship with the stakeholders in the industry. Looking ahead, the Company is actively pursuing further growth opportunities. The company has submitted multiple bids for solar EPC projects in India, Mauritius, Liberia , Bangladesh and Sierra Leone, with a cumulative value exceeding 3,400 crores and outcome of which is awaited. As per EQMag’s Market study, per MW Cost of Solar Plant is in the range of Rs.1.5 to 1.7 Crore per MW without Solar Panel.  This underscores Rays Power Infra’s dedication in contributing to the growth of green energy, and supporting the energy transition in diverse regions. Rays Power Infra remains steadfast in its mission to contribute to the advancement of sustainable energy, and play a pivotal role in achieving ambitious renewable energy targets.