Friday, May 3 2024 | Time 22:53 Hrs(IST)
image
Business EconomyPosted at: Apr 19 2024 6:41PM


Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

Spanning across a 2,200-acre site near Uyyalavada Town in Kurnool District of Andhra Pradesh, this project is ARIPL's largest capacity solar project to date, establishing itself among leaders in the industry.
This landmark project contributes to ARIPL's order book, which totals Rs 1,516 crore for Q4 of FY’24, the company said in a release.
The project scope encompasses Engineering, Procurement and Construction of the entire BoS for the 700 MWp project, which is part of Greenko’s Integrated Renewable Energy Project, conceived as the world’s first and largest Gigawatt scale project with solar, wind and pumped storage components.
Greenko is a leading renewable energy company with 6.8 GW+ operating capacity constituting solar, wind, and hydro power projects across India.
“We are proud that Greenko among other noteworthy customers continue to choose Amara Raja as a preferred partner. We have been able to scale significantly in a short amount of time, aided predominantly by the level of credibility that we enjoy with our customers,” said Vikramadithya Gourineni, Executive Director, ARIPL.
“ This project from Greenko is an opportunity for us to prove our worth once again in the ever-evolving solar space,” added Dwarakanadha Reddy, Business Head, Amara Raja Infra (Power).
UNI KNR CS
Please log in to get detailed story.
Tags: #Amara Raja Infra Wins Greenko’s 700MWp solar project in AP
More News

M&M leads Indian auto-pack with record-breaking 674 patents in FY24

03 May 2024 | 7:12 PM

Kolkata, May 3 (UNI) Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, has received a record 674 patents in FY24, the most of any Indian 4-wheeler automobile/farm equipment manufacturer.

see more..

MRF' s consolidated income Rs 25,486 cr in FY 2023-24

03 May 2024 | 7:00 PM

Chennai, May 3 (UNI) Tyre major MRF' s consolidated total income is Rs 25,486 Crores for the year ended March 31, 2024, as compared to Rs. 23,261 crores in the previous year.

see more..
Rs 2000 banknotes continue to be legal tender; 97 76% returned till now: RBI

Rs 2000 banknotes continue to be legal tender; 97 76% returned till now: RBI

03 May 2024 | 6:48 PM

Mumbai, May 3 (UNI) The Government has received 97.76 percent of Rs 2000 currency notes as on April 30, 2024, the RBI said on Friday while adding that the banknotes continue to be legal tender.

see more..

RXIL TReDS surpasses Rs 1 lakh cr in invoice financing for MSMEs

03 May 2024 | 6:23 PM

Mumbai, May 3 (UNI) Receivables Exchange of India Limited (RXIL) Trade Receivables Discounting System (TReDS) has achieved a significant milestone, facilitating financing of over 50 lac invoices worth Rs one lakh crore since its inception, providing accessible working capital financing solutions to Micro, Small and Medium Enterprises (MSMEs) in India which play a pivotal role in driving economic growth and facilitating the nation's journey towards achieving a Rs five trillion economy.

see more..
Profit booking pulls market down nearly 1%

Profit booking pulls market down nearly 1%

03 May 2024 | 6:11 PM

Mumbai, May 3 (UNI) The stock market on Friday fell nearly one percent as the BSE sensex closed at 73878.15 points down by 732.96 points from previous close even as there were no negative surprises in the Q4 earnings of some of major companies.

see more..
image