The contract, valued at approximately ₹740.06 crore (inclusive of taxes), includes turnkey project execution and operation & maintenance services. The order was awarded by a leading power distribution company.
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The specific inter-se arrangement between the consortium members will be finalised in due course. The project is expected to be completed within 18 months from the contract signing date.Last year, Waaree Renewable Technologies said it had 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.
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“..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.
Shares of Waaree Renewable Technologies Ltd ended at ₹799.90, down by ₹30.00, or 3.61%, on the BSE.
