Ahmedabad (Gujarat) [India], January 13 (ANI): Reliance Industries Limited (RIL) said on Thursday it will invest Rs 5.95 lakh crore in renewable energy power plant and other projects in Gujarat.

MUMBAI India Dec 30 2021 PRNewswire -- Waaree Energies Indias leading solar PV module manufacturer has Supplied 335 Wp modules for a project developed by RBA Power Pvt Ltd The size of the project is 151 MW located at Tuticorin TN India Waaree has supplied 151 MW of poly solar modules for this The project was commissioned in August 2021The finance for this project is taken from HDFC Bank on Non recourseLease financing basis WAAREE Energies Ltd is one of Indias leading Solar PV Module manufacturer with capacity of 2 GWs at its facilities in Surat Tumb and Nandigram in Gujarat Currently WAAREE has Indias largest sales and service network with 388 franchises across India Having multiple global certifications WAAREE aims to ensure Environmental Safety and Quality measures and performs multiple tests at various manufacturing stages The vision of WAAREE Energies is to provide quality cost-effective sustainable energy solutions across markets it provides EPC services project development rooftop solutions About WAAREE Energies Ltd WAAREE Energies Ltd is the flagship company of WAAREE Group founded in 1989 with headquarters in Mumbai India It has Solar PV Module manufacturing capacity of 2 GW at its plants in Gujarat WAAREE has its presence in over 388 locations nationally through its franchisees Disclaimer Waaree Energies Limited is proposing subject to receipt of requisite approvals market conditions and other considerations to make an initial public offer of its equity shares and has filed a draft red herring prospectus DRHP with Securities and Exchange Board of India SEBI The DRHP is available on the website of the SEBI at wwwsebigovin as well as on the websites of the book running lead managers Axis Capital Limited HSBC Securities and Capital Markets India Private Limited ICICI Securities Limited and Intensive Fiscal Services Private Limited respectively and the websites of the stock exchanges at wwwnseindiacom and wwwbseindiacom Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk see Risk Factors of the RHP when available Potential investors should not rely on the DRHP for any investment decision This announcement is not an offer for sale of securities in the United States The equity shares of the Company may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933 as amended The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States link httpswwwwaareecom Logo httpsmmaprnewswirecommedia1197503WaareeLogojpg PWR PWR