RattanIndia Solar has won solar project of 50 mw capacity at Allahabad in Uttar Pradesh, at a tariff of Rs.4.43/kWh plus a viability gap funding of Rs.75 lakh per mw in a reverse e-auction conducted by Solar Energy Corporation Ltd on March 15, 2016. Overall combined capacity of 440 mw was offered in this bid out of which 50 mw was for Allahabad. The land for the project will be provided by Uttar Pradesh government.
RattanIndia has solar projects of more than 240 mw that are spread across various states of India. All their solar farms have fully acquired land, a company release said, also noting that the company had built an additional land bank of 600 acres for future projects.
Earlier RattanIndia had won a 70-mw solar project in Rajasthan through NTPC and a 40-mw solar project in Maharashtra through SECI. The group is also implementing 10-mw of grid-connected solar rooftop projects on CPWD buildings in Delhi and West Bengal which includes important government buildings like The Supreme Court of India and Krishi Bhawan, the release added.