NTPC and Waree Energies collaborate for 135 MW solar module supply

8 Nov 2023 , 01:56 PM

Waaree Energies Ltd said on Wednesday that it has formed a partnership with NTPC to deliver over 135 MW of solar PV modules. NTPC will use the photovoltaic modules for a solar power plant in Rajasthan’s Baran area.

Waaree Energies stated in a statement that the order will be completed in four months.

Waaree Energies is India’s largest solar module producer, with a capacity of 12 GW. The firm has a presence in several countries, including India.

Such projects present us with an exciting opportunity to achieve that goal by supplying our cutting-edge solar PV modules,’ stated Hitesh Doshi, Chairman & Managing Director, Waaree Group.

Following this development, NTPC was trading 0.92% lower at Rs 236.95, against the previous close of Rs 239.15 on NSE. The counter touched an intraday high and low of Rs 240.90 and Rs 236.10, respectively.

NTPC is India’s largest company engaged in the power generation business under the Ministry of Power.

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