Waaree Renewable Technologies submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 2026. The filing confirms a turnover of ₹1,59,746.14 lakh and net worth of ₹45,669.36 lakh. The company reported zero fatalities and zero lost-time injuries across its operations during the period.

The Mumbai-based entity operates as a subsidiary of Waaree Energies Limited. Its business activities account for 100% of turnover through turnkey solar EPC solutions and the supply of electricity. The reporting scope encompasses project sites and offices across India, with no international operations disclosed.

Operational Metrics

The company manages 58 total locations, comprising 23 EPC projects, 34 O&M projects, and one office. It serves customers in 11 states within India. The customer base spans industrial, commercial, and utility segments, engaging in rooftop, ground-mounted, and open-access solar projects.

What the Numbers Show

The data reveals a significant shift in related-party transaction dynamics. Purchases from related parties rose to 28.56% of total purchases in FY26, a sharp increase from 4.74% in the prior year. Sales to related parties also nearly doubled to 7.27% from 3.55%. Notably, loans and advances given to related parties constituted 100% of total loans and advances, indicating complete concentration of lending exposure within the corporate group.

Human Capital

The workforce consists of 795 employees, with no direct workers employed. Female representation stands at 3.14% of the total employee count. The board includes one woman director, representing 12.5% of the total strength. Key Management Personnel includes one female member, accounting for 50% of that group.

The turnover rate for permanent employees was 28.69% in FY26, compared to 27.22% in FY25 and 18.73% in FY24. All permanent employees received health and accident insurance coverage. The company conducted 10,355 EHS training sessions, amounting to 87,498 training hours against total worked man-hours of 1,10,32,387.

Environmental Impact

Total energy consumption stood at 11,057 GJ, with renewable sources contributing 173 GJ and non-renewable sources accounting for 10,884 GJ. Greenhouse gas emissions totaled 616 metric tonnes of CO2 equivalent for Scope 1 and 149 metric tonnes for Scope 2.

Water withdrawal was entirely from third-party sources, totaling 8,159 kiloliters. The company generated 790.8 metric tonnes of waste, recovering 787.6 metric tonnes through recycling, reuse, or other recovery options. Only 0.05 metric tonnes were disposed of via incineration.

Governance

The Managing Director oversees sustainability-related decision-making. The company reported two shareholder complaints and three customer complaints, all of which were resolved within the reporting year. No fines, penalties, or legal actions were recorded during the period.

Waaree Renewable Technologies has received approval for a 291 MWP solar photovoltaic project along with a 280 MWH battery energy storage system.

Project details

The approval covers two key components of the energy project, as outlined below:

The project combines utility-scale solar generation with battery energy storage, reflecting a hybrid approach to renewable energy deployment. The 291 MWP solar PV component is designed to generate power from solar resources, while the 280 MWH battery energy storage system enables storage and dispatch of energy as required.