Rays Power Infra Limited has announced the award of a 300 MW renewable energy (RE) project from one of India’s Maharatna public sector undertakings (PSUs). The project adds Rs 19.12 billion to the company’s existing order book of over Rs 80 billion.

The project will be executed under the company’s Co-Development Business Model. The scope includes land acquisition, interstate transmission system (ISTS) connectivity, and end-to-end engineering, procurement and construction (EPC) execution. It will be developed at one of Rays Power’s upcoming renewable energy parks in Karnataka and is targeted for commissioning within the next three years.

The project will deploy modules manufactured using solar cells sourced from Rays Power’s upcoming cell manufacturing facility under its subsidiary, Rays Green Energy. The facility is currently under construction in Madhya Pradesh.

Commenting on the development, Ketan Mehta, Managing Director, Rays Power Infra, said, “This project will set a new industry benchmark for collaboration between renewable power developers and central PSUs in delivering large-scale renewable projects efficiently. We remain committed to developing future-ready infrastructure to accelerate India’s renewable energy transition in partnership with key central PSUs.”

Pawan Sharma, Whole-time Director, Rays Power Infra, added, “The project highlights our integrated capabilities across engineering, project development and execution. From land development and ISTS connectivity to EPC delivery and deployment of DCR-compliant modules, the team is focused on ensuring high reliability, performance and timely commissioning.”