Waaree Renewable Technologies has secured a ‘term sheet’ for the engineering, procurement, and construction (EPC) of a 2012.47 MWp DC ground-mounted solar PV project, valued at approximately Rs 12.33 billion (excluding taxes). This large-scale renewable energy project will be developed with timelines to be decided by the involved parties.
In a regulatory filing, the company confirmed receiving the ‘term sheet’ for the EPC works of the solar PV project, marking a significant milestone in its commitment to clean energy solutions.
Additionally, Waaree Renewable Technologies recorded a nearly threefold increase in its consolidated net profit to Rs 530.51 million during the September quarter, compared to Rs 200.54 million in the same period last year. Total income rose sharply to Rs 5.27 billion from Rs 1.50 billion, reflecting robust growth in its operations.
