From its solar power business, Waaree Group is expecting Rs 750 crore worth revenues in this financial year and has plans to add 35 mw capacity by March 2014. The company is a solar energy solutions company. Its present power generation capacity is 6 mw and about 35 mw capacity is under construction which will be completed by March 2014, the company said.
With an investment of Rs 280 crore, Waaree Group is setting up a 25 mw solar power plant in Tamil Nadu and another 10 mw facility in Chhattisgarh. The company is is expecting Rs 750 crore in revenues during the fiscal from solar power projects.
In the last financial year, revenue from solar business was Rs 300 crore. The firm, which has an order book of Rs 6,000 crore, will only indulge in executing solar power projects if they manage to get a tariff of about Rs 9 per unit.