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The company said that the project is expected to be completed in the FY 2023-24, as per the terms of order.
Waaree Renewables Technology (WRTL) is subsidiary company of Waaree Group and spearheading the solar EPC business. Waaree Group has successfully installed 10,000 plus solar projects, with a total operating capacity of more than 600 MW. The company is also a solar developer that finances, constructs, owns and operates solar projects.
The company's consolidated net profit rose 11.3% to Rs 11.12 crore on 35.7% jump in net sales to Rs 128.94 crore in Q1 FY24 over Q1 FY23.
Shares of Waaree Renewables Technology fell 1.06% to Rs 1,221 on the BSE.
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