Waaree Renewable wins Rs 12.33 billion solar project order
POWER & RENEWABLE ENERGY

Waaree Renewable wins Rs 12.33 billion solar project order

Waaree Renewable Technologies, a provider of solar energy solutions, announced on that it had received a "term sheet" for the engineering, procurement, and construction (EPC) of a ground-mounted solar PV project with a capacity of 2012.47 MWp DC.

The estimated value of the order is approximately Rs 12.33 billion (excluding taxes). This order pertains to the development and execution of a large-scale renewable energy project, with the timeline for its completion to be mutually decided by the parties involved.

In a regulatory filing, Waaree Renewable Technologies stated that it had received a term sheet for the EPC works related to the ground-mounted solar PV project with a capacity of 2012.47 MWp DC.

Additionally, Waaree Renewable Technologies reported a nearly threefold increase in its consolidated net profit to Rs 530.51 million during the September quarter, driven by higher income. In the same quarter last year, the company had posted a net profit of Rs 200.54 million. Total income surged to R 5.27 billion, up from Rs 1.50 billion.

Waaree Renewable Technologies, a provider of solar energy solutions, announced on that it had received a term sheet for the engineering, procurement, and construction (EPC) of a ground-mounted solar PV project with a capacity of 2012.47 MWp DC. The estimated value of the order is approximately Rs 12.33 billion (excluding taxes). This order pertains to the development and execution of a large-scale renewable energy project, with the timeline for its completion to be mutually decided by the parties involved. In a regulatory filing, Waaree Renewable Technologies stated that it had received a term sheet for the EPC works related to the ground-mounted solar PV project with a capacity of 2012.47 MWp DC. Additionally, Waaree Renewable Technologies reported a nearly threefold increase in its consolidated net profit to Rs 530.51 million during the September quarter, driven by higher income. In the same quarter last year, the company had posted a net profit of Rs 200.54 million. Total income surged to R 5.27 billion, up from Rs 1.50 billion.

Next Story
Infrastructure Urban

Cabinet Clears Rs 16 Billion Irrigation Upgrade Scheme

In a significant step towards enhancing water use efficiency in agriculture, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the Modernization of Command Area Development and Water Management (M-CADWM) as a sub-scheme of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2025–26. The scheme has received an initial outlay of Rs 16 billion. The M-CADWM aims to modernize irrigation infrastructure by facilitating pressurized underground piped irrigation systems from existing canals or other sources directly to farms up to 1 hectare. This upgrade will serve as a backen..

Next Story
Infrastructure Urban

EPFO Launches Face Authentication for Instant UAN via UMANG

In a significant digital push, the Employees’ Provident Fund Organisation (EPFO) has enabled Universal Account Number (UAN) generation and activation through Aadhaar-based Face Authentication Technology (FAT) on the UMANG mobile app. This step, under the Ministry of Labour and Employment, aims to simplify and digitise the UAN process for crores of Indian employees, ensuring real-time, error-free onboarding into the EPFO system. Digital Breakthrough for UAN Access Traditionally, UANs were generated by employers, often marred by data entry errors in names, mobile numbers, and birth dates. Th..

Next Story
Infrastructure Urban

India Launches First Panchayat Development Index

In a landmark step towards evidence-based rural development, the Ministry of Panchayati Raj has unveiled the first-ever Panchayat Advancement Index (PAI) baseline report for FY 2022-23. This tool, grounded in Sustainable Development Goals (SDGs), assesses the performance of over 2.5 lakh Gram Panchayats (GPs) across India, offering an unprecedented view of the nation's grassroots governance. The PAI maps each Panchayat’s progress across nine themes under Localized SDGs, including poverty alleviation, infrastructure, water sufficiency, child welfare, and women empowerment. With data from 2,1..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?