Waaree Renewable Technologies secures Rs 12.33 bn solar project
POWER & RENEWABLE ENERGY

Waaree Renewable Technologies secures Rs 12.33 bn solar project

Waaree Renewable Technologies, a leading player in the renewable energy sector, announced that it had successfully secured a significant order worth Rs 12.33 billion. The order involves the establishment of a ground-mounted solar photovoltaic (PV) project, which will have a total capacity of 2,012.47 MWp DC. The project will be a key development in the company's expanding portfolio of solar energy projects.

The order was awarded by a domestic company that is actively engaged in the development and implementation of renewable energy solutions in India. This company’s focus on renewable energy projects aligns with the growing demand for sustainable power sources in the country. The announcement was made through a filing submitted to the Bombay Stock Exchange (BSE), highlighting the importance of the contract for both Waaree and the broader renewable energy industry.

In the filing, it was also disclosed that the total value of the order, excluding taxes, stands at approximately Rs 12.33 billion. This substantial order marks a significant milestone for Waaree Renewable Technologies, further solidifying its position in the competitive renewable energy market. The project is expected to play a crucial role in the nation’s transition to cleaner energy and contribute to the achievement of India’s renewable energy targets.

Waaree Renewable Technologies, a leading player in the renewable energy sector, announced that it had successfully secured a significant order worth Rs 12.33 billion. The order involves the establishment of a ground-mounted solar photovoltaic (PV) project, which will have a total capacity of 2,012.47 MWp DC. The project will be a key development in the company's expanding portfolio of solar energy projects. The order was awarded by a domestic company that is actively engaged in the development and implementation of renewable energy solutions in India. This company’s focus on renewable energy projects aligns with the growing demand for sustainable power sources in the country. The announcement was made through a filing submitted to the Bombay Stock Exchange (BSE), highlighting the importance of the contract for both Waaree and the broader renewable energy industry. In the filing, it was also disclosed that the total value of the order, excluding taxes, stands at approximately Rs 12.33 billion. This substantial order marks a significant milestone for Waaree Renewable Technologies, further solidifying its position in the competitive renewable energy market. The project is expected to play a crucial role in the nation’s transition to cleaner energy and contribute to the achievement of India’s renewable energy targets.

Next Story
Infrastructure Urban

Larsen & Toubro Secures Contract from Defence Ministry

The Ministry of Defence, Government of India, has awarded a significant contract to Larsen & Toubro (L&T) for supplying K9 Vajra-T Artillery Platforms to the Indian Army. As per the company's project classification, the contract is valued between Rs 50 billion and Rs 100 billion. The K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform, is an adaptation of the globally renowned South Korean K9 Thunder howitzer. It has been co-developed by L&T and Hanwha Aerospace to meet the Indian Army's specific operational needs across diverse terrains, including deserts, plains, and..

Next Story
Real Estate

Delhi-NCR Housing Market sees 25% Sales Growth

The Delhi-NCR property market has maintained its momentum during the December quarter, with housing sales and new supply estimated to grow by 25 per cent and 59 per cent, respectively, as reported by PropEquity. Data from the real estate analytics firm suggests that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this year, compared to 10,354 units in the corresponding period of the previous year. New supply in the region is expected to increase significantly, reaching 11,223 units, a 59 per cent rise from 7,072 units in the year-ago quarter..

Next Story
Infrastructure Urban

DDC Approves Five Key Projects Under Kasaragod Development Package

The District Development Committee (DDC) has approved a budget of Rs 100.08 million for five key projects under the Kasaragod Development Package. This funding is part of the Rs 700 million allocated in the State budget for the 2024-25 financial year, with administrative approval formally amended to incorporate these initiatives. The decision was made during a meeting chaired by District Collector K. Inbasekar on Saturday, December 21. The approved projects include Rs 40.99 million for constructing Udayapuram Thungal Road in Kottom Belur grama panchayat and Rs 20.56 million for setting up a ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000