Waaree Renewable Tech Secures ₹103 Crore Contract

0 min read Updated on 14 Jan 2026, 12:37 PM

Reviewed by

Jubin VScanX News Team

Overview

Waaree Renewable Tech has secured a contract worth ₹103.00 crores, representing a significant business milestone. This development strengthens the company's order book and demonstrates continued growth in the renewable energy sector, reflecting positive momentum in the company's business operations.

*this image is generated using AI for illustrative purposes only.

Waaree Renewable Tech has announced securing a major contract worth ₹103.00 crores, marking a significant business development for the renewable energy company. This contract represents a substantial addition to the company's order book and demonstrates continued growth in the renewable energy sector.

Contract Details

The contract value and announcement highlight Waaree Renewable Tech's expanding business operations in the renewable energy market.

Parameter:	Details
Contract Value:	₹103.00 crores
Company:	Waaree Renewable Tech
Sector:	Renewable Energy

Business Impact

This contract win strengthens Waaree Renewable Tech's position in the renewable energy market and adds substantial value to its current order book. The development reflects the company's ability to secure significant projects in the growing renewable energy sector.

The ₹103.00 crore contract represents a notable business milestone for Waaree Renewable Tech, demonstrating the company's continued expansion and market presence in renewable energy solutions.

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Waaree Renewable Technologies Secures 704 MWac Solar Project Worth ₹10.40 Billion

1 min read Updated on 09 Jan 2026, 07:44 AM

Reviewed by

Jubin VScanX News Team

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Overview

Waaree Renewable Technologies has received a letter of award for a 704 MWac solar project with a commercial order value of ₹10.40 billion. The order value was revised down from an earlier estimate of ₹12.52 billion, representing a reduction of ₹2.12 billion. This substantial project award adds significant value to the company's order book and strengthens its position in India's renewable energy market.

*this image is generated using AI for illustrative purposes only.

Waaree Renewable Technologies has secured a major solar project contract with the receipt of a letter of award for a 704 MWac capacity project. This significant development strengthens the company's project portfolio in India's expanding renewable energy landscape.

Project Details and Commercial Value

The solar project carries substantial commercial importance for Waaree Renewable Technologies. Key project parameters are outlined below:

Parameter:	Details
Project Capacity:	704 MWac
Current Order Value:	₹10.40 billion
Previous Estimate:	₹12.52 billion
Value Adjustment:	₹2.12 billion reduction

Order Value Revision

The commercial order value has been adjusted from the initial estimate of ₹12.52 billion to ₹10.40 billion, representing a reduction of ₹2.12 billion. This revision reflects updated project parameters and commercial terms finalized during the award process.

Strategic Significance

The 704 MWac project represents a substantial addition to Waaree Renewable Technologies' order book. Solar projects of this magnitude typically involve comprehensive engineering, procurement, and construction activities, contributing significantly to the company's revenue pipeline. The letter of award marks a crucial milestone in the project development process, providing formal confirmation of the contract award.

This project award demonstrates Waaree Renewable Technologies' continued success in securing large-scale solar installations, reinforcing its market position in India's renewable energy sector.