Waaree Renewable Technologies bags 5 MWp grid-connected solar project from PSU
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Waaree Renewable Technologies said on Thursday (October 8) that it got a 5 MWp grid-connected solar project from a public sector undertaking.
- ✓The company will handle engineering and construction work for 12 months.
- ✓CFO Manmohan Sharma said, "This strengthens our capabilities in transmission and distribution," as the firm expands operations.
Story at a Glance
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- MARKET
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- cnbctv18
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- 2 Minute(s)
- Market Focus
- India Economy
Waaree Renewable Technologies Ltd on Thursday (October 8) said it has received a Letter of Acceptance from a public sector undertaking (PSU) for a 5 MWp grid-connected solar photovoltaic (PV) project.
The order involves turnkey Engineering, Procurement and Construction (EPC) work along with comprehensive operations and maintenance for a period of 10 years.
The project is a domestic commercial order and is to be completed within 12 months from the date of issue of the Letter of Acceptance, followed by the 10-year operations and maintenance period, as per the terms of the award.
The order size is 5 MWp. Waaree Renewable Technologies said its promoter, promoter group and group companies have no interest in the entity awarding the order. The company also said the order does not fall under related party transactions.
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