Waaree Renewable Technologies shares in focus after securing Rs 1,233.5-crore solar project order
Waaree Renewable Technologies shares will be in focus on Thursday after the company received a term sheet for the execution of engineering, procurement, and construction (EPC) of a ground mount solar PV project with a capacity of 2012.47 MWp DC.
The total estimated value of the order is approximately Rs 1,233.5 crore (excluding taxes). This order involves the development and implementation of a large-scale renewable energy project. The timeline for project completion will be mutually decided between the parties involved.
«We are pleased to inform you that “WAAREERTL” has received a term heet for the execution of Engineering, Procurement and Construction (EPC) works for ground mount solar PV project of 2012.47 MWp DC capacity,» the company said in an exchange filing.
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In Q2 FY24, Waaree Renewable Technologies' consolidated net profit nearly tripled to Rs 53.51 crore, backed by higher income. It had posted Rs 20.54 crore net profit for the same quarter a year ago. Total income rose to Rs 527.86 crore from Rs 150.93 crore.
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