Press Release

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One of India's leading innovative solar solution companies, Waaree Energies Ltd has successfully acquired an order of a 25 MW Power Plant from the Roha group which includes the Designing of the plant, its technical and Engineering ground work, Installation process and Commissioning of the project. The Roha group is one of the world's renowned manufacturing companies for Synthetic Colours and is also a prominent supplier of Natural Colours, specializing in the Food, Cosmetics & Pharmaceutical industries for the past thirty years. This plant will be set up at the solar park in the state of Rajasthan and is targeted to be commissioned by March 2014. Mr. Hitesh Doshi, CMD, Waaree group commented, "The fact that we are expanding our services in one of the biggest states of India is a huge achievement for the entire Waaree group. We are delighted and excited to work on this crucial Roha group project. With our existing expertise in the solar industry, we are geared to use innovative technology and manpower to execute the project on time and deliver the best to our customers."

About WAAREE:

WAAREE Energies Ltd is a fast growing, innovative and dynamic company with its key offering of comprehensive EPC services for setting up solar PV power plants, backed by their experience in executing over 100 MW of solar PV EPC contracts across India. The other offerings include solar street lights, home lighting solutions, solar water pumps, water heating solutions, solar portable kits etc. With 110 MW PV Module manufacturing capacity per year and a rich experience in the solar industry, the company has recently diversified into Solar Thermal too.

Contact:

Gaurav Chandidas

Waaree Energies Ltd

gauravchandidas@waaree.com

602, Western Edge-I, Off. Western Highway Express, Borivali (East), Mumbai-400066. Maharashtra, India.

022-66444444