Latest news with #WRTL
Mint
3 days ago
- Business
- Mint
Waaree Renewable Technologies secures solar project order worth ₹345 crore in Rajasthan
New Delhi, Jun 3 (PTI) Waaree Renewable Technologies Ltd (WRTL) on Tuesday announced securing a solar project worth ₹ 345 crore in Rajasthan from a prominent domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025-26, the company said. WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order, valued at more than ₹ 345 crore, was awarded by a prominent domestic renewable energy generation company, the company said, without disclosing any further details. "This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future," said Sunil Rathi, Executive Director, WRTL. The scope of work includes engineering, procurement, construction and commissioning of the solar plant, along with the development of a 33/220 kV pooling substation. The project will also feature advanced robotic cleaning systems to ensure high performance and reduce long-term operations and maintenance (O&M) costs. Waaree Renewable Technologies said it has received a letter of award for setting up a solar power project under Mukhyamantri Saur Krushi Vahini Yojana-2.0 for ₹ 114.23 crore from a leading renewable energy firm. The project is scheduled to be completed in 2025-26 as per the terms of the order, a regulatory filing said. The company has been awarded the Letter of Award for the execution of engineering, procurement and construction works of the solar power project including operation and maintenance (O&M) of 94 MW AC/131.6 MW DC capacity. The order value is approximately ₹ 114.23 crore. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0. Waaree Renewable Technologies Ltd (WRTL) posted about 83 per cent rise in its consolidated net profit to ₹ 93.76 crore in the March quarter on account of higher income. It had reported a net profit of ₹ 51.31 crore in the January-March period of the preceding 2023-24, the company said in an exchange filing. The company's total income rose to ₹ 481.43 crore from ₹ 275.35 crore in the same quarter a year ago. Its expenses stood at ₹ 356.25 crore against ₹ 203.27 crore in the year-ago quarter.
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Business Standard
3 days ago
- Business
- Business Standard
Waaree Renewable Technologies bags Rs 345 cr solar project in Rajasthan
Waaree Renewable Technologies Ltd (WRTL) on Tuesday announced securing a solar project worth Rs 345 crore in Rajasthan from a prominent domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025-26, the company said. WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order, valued at more than Rs 345 crore, was awarded by a prominent domestic renewable energy generation company, the company said, without disclosing any further details. "This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future," said Sunil Rathi, Executive Director, WRTL. The scope of work includes engineering, procurement, construction and commissioning of the solar plant, along with the development of a 33/220 kV pooling substation. The project will also feature advanced robotic cleaning systems to ensure high performance and reduce long-term operations and maintenance (O&M) costs. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
3 days ago
- Business
- Mint
Waaree Renewable Technologies secures solar project order worth ₹345 crore in Rajasthan
New Delhi, Jun 3 (PTI) Waaree Renewable Technologies Ltd (WRTL) on Tuesday announced securing a solar project worth ₹ 345 crore in Rajasthan from a prominent domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025-26, the company said. WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order, valued at more than ₹ 345 crore, was awarded by a prominent domestic renewable energy generation company, the company said, without disclosing any further details. "This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future," said Sunil Rathi, Executive Director, WRTL. The scope of work includes engineering, procurement, construction and commissioning of the solar plant, along with the development of a 33/220 kV pooling substation. The project will also feature advanced robotic cleaning systems to ensure high performance and reduce long-term operations and maintenance (O&M) costs. Waaree Renewable Technologies said it has received a letter of award for setting up a solar power project under Mukhyamantri Saur Krushi Vahini Yojana-2.0 for ₹ 114.23 crore from a leading renewable energy firm. The project is scheduled to be completed in 2025-26 as per the terms of the order, a regulatory filing said. The company has been awarded the Letter of Award for the execution of engineering, procurement and construction works of the solar power project including operation and maintenance (O&M) of 94 MW AC/131.6 MW DC capacity. The order value is approximately ₹ 114.23 crore. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0. Waaree Renewable Technologies Ltd (WRTL) posted about 83 per cent rise in its consolidated net profit to ₹ 93.76 crore in the March quarter on account of higher income. It had reported a net profit of ₹ 51.31 crore in the January-March period of the preceding 2023-24, the company said in an exchange filing. The company's total income rose to ₹ 481.43 crore from ₹ 275.35 crore in the same quarter a year ago. Its expenses stood at ₹ 356.25 crore against ₹ 203.27 crore in the year-ago quarter. Waaree Renewable Technologies Limited (WRTL) is an arm of Waaree Energies.
Time of India
4 days ago
- Business
- Time of India
Waaree Renewable Technologies bags ₹345 crore order for 300 MW solar project in Rajasthan
New Delhi: Waaree Renewable Technologies Limited (WRTL) has secured an EPC order exceeding ₹345 crore for the turnkey execution of a 300 MW AC / 435 MW DC ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order was awarded by a domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025–26. The scope of the contract includes design, engineering, procurement, construction, testing, and commissioning of the project. It also includes the development of a 33/220kV pooling substation. The project will integrate robotic cleaning systems for improved plant performance and to reduce long-term operations and maintenance costs. 'This project is a testament to our robust technical expertise and proven execution strength,' Sunil Rathi, Executive Director, WRTL, said in a statement. 'We are honored to have been bestowed with a project of this magnitude and strategic importance. This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future.' WRTL has executed over 2.8 GW of solar EPC installations and is currently handling an additional 4.4 GW of projects across India.
Time of India
16-05-2025
- Business
- Time of India
Waaree Renewable secures ₹114.22 crore order for 94 MW solar projects in Maharashtra
New Delhi: Waaree Renewable Technologies Limited (WRTL) has secured a Letter of Award (LOA) valued at ₹114.22 crore for engineering, procurement and construction (EPC) of 94 MW AC solar photovoltaic (PV) plants across multiple locations in Maharashtra under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0, the company said. The contract was awarded by a renewable energy generation company following a competitive bidding process. The project will be executed as part of the MSKVY 2.0 initiative launched by the Government of Maharashtra to provide daytime electricity to farmers through decentralized solar power generation. India's total installed solar capacity has crossed 97 GW as of 2024, with a target to reach 280 GW by 2030, driven by central and state-level policies and increasing private sector participation. Sunil Rathi, Executive Director, Waaree Renewable Technologies Limited, said, 'This Letter of Award is more than just a project win—it's a reaffirmation of the trust our partners place in us. At WRTL, we don't just build solar plants—we deliver certainty, speed, and scale. Whether it's a multi-megawatt utility project or a smaller distributed installation, we approach every assignment with the same precision, passion, and professionalism. Our ability to execute projects of any size with consistency and excellence is what sets us apart—and keeps our clients coming back. Through this project, we are proud to contribute meaningfully to the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0 by enabling clean, daytime electricity for farmers and supporting rural energy independence. This is how we power progress—one megawatt at a time.' WRTL said the company continues to receive repeat orders from customers across sectors and maintains a strong position in the solar EPC segment, with capabilities spanning design, procurement, construction and commissioning of solar infrastructure. The MSKVY 2.0 scheme aims to enhance rural energy access and reduce dependence on conventional energy sources through decentralised renewable power installations.
