Waaree Forever Energies Private Limited, a wholly owned subsidiary of Waaree Group, has secured a Letter of Award (LoA) for a 170 MW solar power project in Madhya Pradesh. The project will support India’s renewable energy goals.
The project, awarded by Rewa Ultra Mega Solar Limited (RUMSL), aims to generate and transmit clean energy through the Inter-State Transmission System (ISTS).
This initiative will provide renewable energy to Madhya Pradesh Power Management Company Ltd and Indian Railways, significantly advancing India’s renewable energy capacity.
Earlier this month, Waaree Energies received its second NABL accreditation for its PV Module Test Lab (PMTL) at the Chikhli facility in Gujarat, following its first accreditation at the Tumb facility.
The PMTL is now equipped to perform over 48 tests, ensuring PV modules meet global standards for thermal cycling, mechanical load, and more.
This accreditation under ISO/IEC 17025:2017 emphasises Waaree’s commitment to quality, innovation, and sustainability.
Dr. Amit Paithankar, CEO of Waaree Energies, highlighted that this achievement supports India’s solar self-reliance, reducing dependency on foreign labs and fostering the country’s transition to clean energy.
On December 12, 2024, Waaree Energies’ share price (NSE: WAAREEENER) traded 3.81% higher at ₹3,295.55 at 9:45 AM on the NSE. The stock opened at ₹3,235, higher than ₹3,174.70 at the previous close.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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