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Waaree Renewable Technologies gets LoI worth Rs 1,401 crore

01 Mar 2024 Evaluate

Waaree Renewable Technologies has received a Letter of Intent (LoI) for the execution of Engineering, Procurement and Construction (EPC) work with Land development of ISTS connected Ground Mounted Solar PV project of 300 MW AC capacity on turnkey basis along with three years Operation & Maintenance Service. The order value is around Rs 1,401 crore including Operations & Maintenance (Excluding Taxes). The project is scheduled to be completed in the financial year 2025-26, in various tranches as per the terms of the order.

Waaree Renewable Technologies operates as a renewable equipment company. The company offers solar PV modules, batteries, and other solar products.

Peers
Company Name CMP
Larsen & Toubro 3915.00
Kalpataru Projects 1435.05
NCC 141.00
Rail Vikas Nigam 205.00
KEC International 406.45
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