Rays Power Infra Limited Bags INR 1,912 Crore Order from One of India’s Maharatna PSUs
Rays Power Infra Limited is proud to announce the award of a 300 MW renewable energy (RE) project from one of India’s Maharatna public sector undertakings (PSUs). This project will add INR 1,912 crore to the company’s existing order book, which exceeds INR 8,000 crore. It will be developed under the company’s Co-Development Business Model, with the scope encompassing land acquisition, interstate transmission system (ISTS) connectivity, and complete engineering, procurement, and construction (EPC) execution. The project will be established in one of Rays Power’s upcoming renewable energy parks in Karnataka and is targeted for commissioning within the next three years. The project will utilize modules manufactured using solar cells sourced from Rays Power’s upcoming cell manufacturing facility under its subsidiary, Rays Green Energy, which is currently under construction in Madhya Pradesh. Ketan Mehta, Managing Director, Rays Power Infra , said: “This project will set a new industry benc...