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Rays Power Infra to invest Rs 600 cr to develop projects in Haryana

Tuesday, 03 Sep 2019
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Gurugram-based Rays Power Infra, a solar power company, is all set to invest over Rs 1,700 crore to develop and construct accumulative of 450 MW solar projects. The projects will be developed under open access regulations selling power to commercial and industrial consumers as part of its IPP business.

The projects are proposed to be located in Uttar Pradesh, Haryana, Andhra Pradesh, and Karnataka. The company has specifically planned to invest 600 crore in Haryana.

The company has already started site activities on projects in the states of Uttar Pradesh, Haryana and Karnataka. The company in the past has successfully developed and executed over 200 MW projects.

The company has also entered into the SouthEast Asian market and recently commissioned 50 MW solar power project in Vietnam. Rays Power Infra also plans to enter into electric vehicle (EV) space with business-to-business (B2B) services.

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