New Delhi: RAYS Power Infra, a prominent player in India’s solar EPC (Engineering, Procurement, and Construction) market, has announced the acquisition of new solar projects worth ₹833 crore in the April to June quarter of 2024. These projects, adding over 680 megawatts (MW) to the company’s portfolio, span across two states and significantly boost its operational scope.The company is strategically targeting to secure orders valued between ₹800 to ₹1000 crores every quarter, reflecting an ambitious growth trajectory. With these latest projects, RAYS Power Infra is set to achieve a more than 50% increase in both revenue and profitability this financial year, compared to the previous year, and aims to maintain this growth rate in the ensuing years.

Ketan Mehta, Managing Director and CEO, RAYS Power Infra, said: “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,” Mehta stated.

Pawan Sharma, Whole-Time Director, RAYS Power Infra, said: “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,” said Sharma.

RAYS Power Infra continues to enhance its capabilities within both its solar park developments and EPC operations, aiming to deliver substantial value to its stakeholders and bolster India’s renewable energy infrastructure.