Chennai, India – 15 July 2024 – RAYS Power Infra, a leading solar EPC and turnkey solution provider and one of India’s largest solar EPC companies, proudly announces the acquisition of new projects valued at ₹833 crores in the April to June quarter of 2024. These significant projects, spread across two states, add over 680 megawatts (MW) to the company’s expanding portfolio.
This milestone is part of RAYS Power Infra’s ambitious strategy to secure orders worth ₹800 to ₹1000 crores every quarter. The company is on a robust growth trajectory, with expectations to achieve over 50% growth in both revenue and profitability this financial year compared to the previous year. RAYS Power Infra aims to sustain this remarkable growth rate in the coming years.
RAYS Power Infra continues to focus on strengthening its solar park as well as Engineering, Procurement, and Construction (EPC) divisions to drive business expansion and deliver exceptional value to its stakeholders.
Ketan Mehta, Managing Director and CEO of RAYS Power Infra, commented: “We are thrilled to announce the acquisition of these significant projects, reinforcing our commitment to sustainable growth and excellence in the solar EPC sector. This achievement is a testament to our strategic vision and the relentless efforts of our team. We are confident that our focus on innovation and quality will continue to drive our success and contribute to the nation’s renewable energy needs.”
Pawan Sharma, Whole-Time Director of RAYS Power Infra, added: “Securing these projects is a significant step towards our quarterly targets and long-term goals. Our dedicated teams in both the solar park and EPC divisions have played a crucial role in this success. We remain committed to delivering high-quality projects and maintaining our growth momentum to achieve our ambitious targets.”
