Solar energy solutions provider Waaree Renewable Technologies Ltd on Wednesday (November 27) said it has 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 ₹12,33.5 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 Sheet for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount Solar PV project of 2012.47 MWp DC capacity," Waaree Renewable Technologies said in a regulatory filing.
Waaree Renewable Technologies' consolidated net profit nearly tripled to ₹53.51 crore during the September quarter, backed by higher income. It had posted a ₹20.54 crore net profit for the same quarter a year ago. Total income rose to ₹527.86 crore from ₹150.93 crore.
Shares of Waaree Renewable Technologies Ltd ended at ₹1,423.30, up by ₹7.25, or 0.51%, on the BSE.
