Rays Power Infra Limited has secured a 300 MW renewable energy project from a Maharatna public sector undertaking, marking a significant addition to its growing portfolio. The contract, valued at ₹1,912 crore, increases the company’s total order book to over ₹8,000 crore and further strengthens its position in India’s utility-scale renewable energy sector.
The project will be executed under the company’s Co-Development Business Model and will include land acquisition, securing interstate transmission system connectivity, and comprehensive engineering, procurement, and construction execution. The project will be developed at one of Rays Power Infra’s upcoming renewable energy parks in Karnataka and is scheduled for commissioning within the next three years.
Solar modules deployed for the project will be manufactured using cells sourced from the company’s upcoming solar cell manufacturing facility in Madhya Pradesh, being developed through its subsidiary, Rays Green Energy. This integration supports domestic manufacturing while ensuring compliance with domestic content requirements.
Commenting on the development, Ketan Mehta, Managing Director, Rays Power Infra Limited, said the project reflects an evolving collaboration framework between central public sector entities and private renewable energy developers. He noted that such partnerships enable timely deployment of large-scale renewable infrastructure critical to India’s clean energy roadmap.
Pawan Sharma, Whole-Time Director, added that the project highlights the company’s end-to-end execution strength, covering land development, grid connectivity, EPC delivery, and the use of domestically manufactured modules. He emphasized the company’s focus on performance reliability, construction quality, and adherence to project timelines.
Rays Power Infra Limited is engaged in providing utility-scale renewable energy solutions, with a primary focus on solar power. Its Co-Development Business Model enables the creation of ready-to-build renewable infrastructure, complemented by EPC and operations and maintenance services. The company currently manages a diversified renewable portfolio of approximately 11,665 MWp across solar, wind, and hybrid assets, with projects spanning multiple states across India.
