Waaree Renewables Technology Ltd (WRTL) on Monday posted an 81 per cent soar in consolidated internet revenue to Rs 12.3 crore within the March 2023 quarter.

The firm had registered a internet revenue of Rs 6.8 crore in the course of the January-March quarter of 2021-22, the corporate stated in a press launch.

However, its income declined to Rs 61.5 crore from Rs 76.7 crore within the year-ago quarter.

The board of administrators have declared a dividend of Re 1 per fairness share having a face worth of Rs 10 every for the 12 months ended March 2023.

As of date, the corporate stated its unexecuted order e book is 817 MW. The tasks are to be executed over the subsequent 12-15 months.

Waaree Renewables has received a contract to arrange a 1 MW Green Hydrogen plant built-in with the ecosystem on a construct, personal and function foundation.

Hitesh Mehta, Executive Director and CFO, WRTL stated: ”We have a really sturdy steadiness sheet with internet money and a disciplined working capital cycle. We are decided to execute worthwhile tasks with increased returns”.

”We are happy to tell you all, the board of administrators have really useful a dividend of Re 1 for the face worth of share of Rs 10 every. We will preserve the money for progress investments and the sturdy momentum within the coming years as we’re assured of sturdy progress within the years to return.” WRTL is a subsidiary firm of Waaree Group, which has efficiently put in over 10,000 photo voltaic tasks.

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