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The business also reported an increase in its operating margins to 19% against 14.70% in the previous corresponding period.
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With this agreement, the company’s facilities situated in Maharashtra and Gujarat will take a headstart towards green manufacturing.
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The company shall install the project across 10 strategic locations over the next two years, stated the company in its filing with the exchanges.
The company also informed the bourses that the estimated investment in these projects shall be approximately up to ₹49,000 Crore.
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The contract is in line with India's renewable energy objectives and reinforces TP Solar’s role as a vital player in the country’s transition to solar energy.
The company also committed to implementing renewable and clean energy projects in Assam with an investment potential of about 5,000 MW over the next five years.
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