Waaree RTL Bags New Solar EPC Order Worth ₹26.17 Crore! ☀️
Hey there, finance enthusiasts! 👋 Let’s dive into some exciting news from the renewable energy sector. Waaree Renewable Technologies Limited (WAAREERTL) has just announced a significant win that’s set to power up its project pipeline.
The company has received a Letter of Award (LOA) for a new Engineering, Procurement, and Construction (EPC) contract. This isn’t just any project; it also includes Operation and Maintenance (O&M) services for a solar power plant with a capacity of 21 MW AC / 29.4 MW DC. That’s a substantial chunk of clean energy! ⚡
This project is particularly noteworthy as it falls under the Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0) scheme, an initiative aimed at promoting solar energy in the agricultural sector. The order, valued at approximately INR 26.17 Crore (excluding taxes), is a domestic commercial order, reinforcing Waaree RTL’s strong presence in the Indian market.
What’s the timeline? The company aims to complete this project within the financial year 2025-26. This new contract underscores Waaree RTL’s commitment to expanding India’s renewable energy footprint and its expertise in delivering large-scale solar solutions. It’s always great to see companies contributing to a greener future! 🌍
source: Corporate Announcement
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