Waaree Renewable Technologies Limited (WAAREERTL), a subsidiary of Waaree Energies Limited, has announced a significant expansion in its ongoing solar power project. The company has secured an enhancement in the scope of work for its existing 980 MWp / 700 MWac solar power plant contract, increasing the project's total value to ₹1,017.82 crore.

Key Highlights

• Scope Expansion: Waaree Renewable Tech has received an additional order worth ₹27.22 crore.
• Project Details: The contract involves Engineering, Procurement, and Construction (EPC) work for a solar power plant.
• Total Project Value: Following the expansion, the aggregate order value has reached ₹1,017.82 crore (inclusive of taxes).

Project Specifications

Contract Details

The scope expansion is part of an existing contract for the execution of EPC work for a solar power plant. The company has stated that all other terms and conditions of the original contract remain unchanged. This development underscores Waaree Renewable Tech's growing presence in India's renewable energy sector.

Market Implications

This significant order expansion reflects the robust growth in India's solar energy market. For Waaree Renewable Tech, it represents an opportunity to strengthen its position in the renewable energy sector and potentially improve its financial performance in the coming quarters.

Disclosure and Compliance

The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was received by the company on November 10, 2025, at 03:30 p.m. (IST), highlighting the company's commitment to timely and transparent communication with its stakeholders.

As the renewable energy sector continues to expand in India, projects of this scale are likely to play a crucial role in the country's transition towards cleaner energy sources.

Waaree Renewable Technologies Limited (WRTL) has announced a significant milestone in its renewable energy portfolio. The company has been awarded a Letter of Award (LOA) for the execution of Engineering, Procurement, and Construction (EPC) works for a substantial 150 MWac/217.5 MWp Ground Mount Solar Power Project.

Contract Details

The contract, valued at approximately ₹156.66 crore (excluding taxes), was awarded by a leading renewable energy company. This development marks a notable achievement for WRTL in the competitive solar energy sector.

Project Specifications

Key Points

• The project is scheduled for completion in the financial year 2026-27, aligning with India's growing focus on renewable energy sources.
• This is a commercial order from a domestic entity, highlighting WRTL's strong position in the Indian solar market.
• The company has confirmed that there are no related party transactions or promoter group interests involved in this contract.

Market Implications

This contract win is likely to bolster WRTL's order book and strengthen its position in the renewable energy EPC sector. It also reflects the growing demand for solar power solutions in India, as the country pushes towards its renewable energy targets.

Company Background

Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, is a key player in India's renewable energy sector. The company specializes in EPC services for solar power projects, contributing to the country's sustainable energy goals.

This latest contract underscores WRTL's capabilities in handling large-scale solar projects and its competitive edge in securing significant orders in the renewable energy space.

Investors and market watchers will likely keep a close eye on WRTL's execution of this project, as it could potentially impact the company's financial performance in the coming years and its standing in the renewable energy sector.