Key Takeaways
- Rays Power secures new projects worth over Rs 2,000 crore in Maharashtra, Rajasthan, and Madhya Pradesh.
- The company is the lowest bidder for EPC projects totaling Rs 1,600 crore in Assam and Madhya Pradesh, pending the LoA.
- Managing Director Ketan Mehta emphasizes the company’s commitment to expanding solar and hybrid renewable solutions.
Project Wins and Future Commitments
Rays Power announced significant advancements in its portfolio, securing new projects exceeding Rs 2,000 crore spread across Maharashtra, Rajasthan, and Madhya Pradesh. This latest achievement highlights the company’s ongoing expansion within the renewable energy sector, particularly in the solar power domain.
Additionally, Rays Power has been identified as the lowest (L1) bidder for engineering, procurement, and construction (EPC) projects valued at Rs 1,600 crore in Assam and Madhya Pradesh. The company is currently awaiting the issuance of the Letter of Award (LoA) for these projects.
Ketan Mehta, Managing Director of Rays Power Infra, stated that the recent project wins reaffirm the company’s stronghold in the renewable energy market. He highlighted the firm’s expertise in executing solar EPC projects and its dedication to accelerating the deployment of solar and hybrid renewable solutions.
Rays Power Infra Ltd specializes in developing and implementing solar power parks, providing comprehensive solutions for solar project installations. This commitment to innovation and sustainability positions the company advantageously in a growing market, aligning with global trends towards cleaner energy sources.
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