Rays Power Infra secures EPC orders for 520 MWp of solar projects

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Rays Power Infra has announced that it has secured three EPC orders for solar projects aggregating to 520 MWp, two from a CPSU (Central Public Sector Undertaking) and another from a global renewable energy developer. These orders mark the company’s entry into the Gujarat and Assam markets.

Looking to expand its presence, Rays Power Infra has submitted multiple bids for solar EPC projects in India, Mauritius, Liberia, Bangladesh, and Sierra Leone with a cumulative value exceeding INR 3,400 crore, the outcome of which is awaited.

Rays Power Infra is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions, and other considerations, to make an initial public offer of its equity shares and has filed the draft red herring prospectus dated December 29, 2023 with the Securities and Exchange Board of India (SEBI) on December 30, 2023 and subsequently with the Bombay Stock Exchange Ltd (BSE) and the National Stock Exchange of India Ltd (NSE).

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