Waaree Renewable wins Rs 12.33 billion solar project order

29 Nov 2024 CW Team

Waaree Renewable Technologies, a provider of solar energy solutions, announced on that it had received a "term sheet" for the engineering, procurement, and construction (EPC) of a ground-mounted solar PV project with a capacity of 2012.47 MWp DC.

The estimated value of the order is approximately Rs 12.33 billion (excluding taxes). This order pertains to the development and execution of a large-scale renewable energy project, with the timeline for its completion to be mutually decided by the parties involved.

In a regulatory filing, Waaree Renewable Technologies stated that it had received a term sheet for the EPC works related to the ground-mounted solar PV project with a capacity of 2012.47 MWp DC.

Additionally, Waaree Renewable Technologies reported a nearly threefold increase in its consolidated net profit to Rs 530.51 million during the September quarter, driven by higher income. In the same quarter last year, the company had posted a net profit of Rs 200.54 million. Total income surged to R 5.27 billion, up from Rs 1.50 billion.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..