Deals30 Oct 2024, 05:15 pm
Insolation Energy Ltd Secures Largest Contract Value of Rs. 500.50 Cr from Rajasthan Renewable Energy Corporation Ltd
AI Summary
Insolation Energy Ltd has been awarded a landmark contract worth Rs. 500.50 Cr by Rajasthan Renewable Energy Corporation Ltd (RREC) for Design, Supply, Erection, Testing and Commissioning including comprehensive Operation and Maintenance (O&M) for 25 years from the date of commissioning of Rooftop Solar (RTS) photovoltaic power Projects on State Government buildings/State Government undertakings buildings in Rajasthan under Hybrid Annuity Mode (HAM) for Ajmer, Jaipur and Kota Circle/Districts. This achievement, coupled with another order from Zetwerk Manufacturing Business Private Limited, represents a major leap in the company's performance, exceeding its entire Sales of H1 FY 2024-25.
Key Highlights
- Largest contract value of Rs. 500.50 Cr awarded by Rajasthan Renewable Energy Corporation Ltd (RREC)
- 25 years comprehensive Operation and Maintenance (O&M) contract
- Projects to be executed in Ajmer, Jaipur and Kota Circle/Districts
- Combined value of orders exceeds the company's H1 FY 2024-25 sales
- Driven by the company's ability to consistently deliver results