Waaree Renewable Technologies Secures Rs 30.91 Cr EPC Scope Boost, Total Order Value Rises to Rs 1,044.69 Cr

Waaree Renewable Technologies Ltd has secured an order enhancement of Rs 30.91 Cr for an existing solar power project, increasing the total contract value to Rs 1,044.69 Cr inclusive of taxes. The company received intimation regarding the scope expansion on June 17, 2026. The enhancement applies to the Engineering, Procurement, and Construction (EPC) works for a 980 MWp / 700 MWac solar power plant, awarded by one of India's leading renewable energy companies, a domestic entity.

The aggregate order size for the project remains consistent with the initial disclosure made on February 20, 2024, and all original terms and conditions of the contract remain unchanged following this scope adjustment. The execution timeline for the enhanced scope is yet to be mutually decided between the parties.

The disclosure was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The filing also references a previous update submitted on November 10, 2025, regarding the Letter of Award for this project.

Order Details

The key parameters of the enhanced order are summarised below:

Particulars:	Details
Nature of Order:	Commercial Order
Entity Type:	Domestic
Order Enhancement:	Rs 30.91 Cr
Total Order Value:	Rs 1,044.69 Cr (Inclusive of taxes)
Project Capacity:	980 MWp / 700 MWac
Related Party Transaction:	No

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.25%	+7.09%	+5.81%	+6.01%	+1.81%	+15.39%

Waaree Renewable Technologies has signed a Letter of Agreement (LOA) for the execution of an Engineering, Procurement, and Construction (EPC) contract for a 300MW/450MWp Ground Mount Solar project. The order, secured from its wholly-owned subsidiary Sunsational Power Private Limited (SPPL), includes two years of operation and maintenance services and is scheduled for completion in the financial year 2026-27.

Contract Details

The key parameters of the EPC contract are outlined below:

Parameter	Details
Contract Type	EPC (Engineering, Procurement & Construction)
Project Capacity	300MW/450MWp
Client	Sunsational Power Private Limited (SPPL)
Target Completion	FY 2026-27
Maintenance Period	Two years post-commissioning
Nature of Order	Commercial Order
Entity Type	Domestic

Scope of the Agreement

Under the terms of the LOA, Waaree Renewable Technologies will provide EPC services for the 300MW/450MWp Ground Mount Solar Project. The agreement encompasses full project execution responsibilities along with a post-commissioning operation and maintenance commitment for two years. The disclosure confirms that the order falls within related party transactions and is conducted at arm's length, as SPPL is a subsidiary of the company.