Waaree Energies Receives SECI Award; Shares Rise 0.56% On Solapur Project

Mumbai August, 28: Waaree Energies Limited said its wholly owned subsidiary Waaree Forever Energies Private Limited has received a Letter of Award from Solar Energy Corporation of India for a 700 MW solar and 700 MW/2,800 MWh energy storage project in Solapur, Maharashtra.

According to the company’s exchange disclosure, the Letter of Award was received on August 27, 2026, from Solar Energy Corporation of India Limited (SECI) for the development of the renewable energy project in Solapur.

The project combines 700 MW of solar generation capacity with a 700 MW/2,800 MWh Energy Storage Solution (ESS). The disclosure classifies the award as a domestic contract and states that it is a one-time order.

The associated Power Purchase Agreement is valid for 25 years from the scheduled commencement of the supply date. The filing did not disclose a monetary value for the award.

Stock Market Snapshot

Waaree Energies shares were trading at ₹2,638.60 as of 2:42:11 PM IST on August 28, 2026, up ₹14.60, or 0.56%, from the previous close, according to the market data provided.

The stock traded through a volatile session, moving from around ₹2,600 in the opening phase to above ₹2,640 later in the day. It touched a session high of roughly ₹2,648 before easing slightly.

Waaree Energies share price remained in positive territory during the afternoon after the company disclosed the SECI award for the combined solar and energy storage project.

Waaree Energies Expands Renewable Energy And Storage Portfolio

Waaree Energies operates across the renewable energy value chain, with solar manufacturing and project-related activities forming a core part of its business.

The latest award adds a large-scale solar-plus-storage project to its development pipeline. The 2,800 MWh storage component is intended to complement the 700 MW solar capacity, allowing the project to provide renewable power with an integrated energy storage solution.

The project is located in Solapur, Maharashtra, and the filing states that there is no promoter or promoter-group interest in SECI. It also confirms that the contract does not fall within related-party transactions.

SECI Award Adds Large Solar-Storage Project ToWaaree Pipeline

The award gives Waaree Energies’ subsidiary a role in developing a combined 700 MW solar and 2,800 MWh storage facility, with the power purchase arrangement extending for 25 years from the scheduled supply commencement date.

The disclosure does not provide the project’s investment amount or expected revenue contribution. The immediate market reaction was modest, with the stock up 0.56% as of 2:42:11 PM IST.

The development nevertheless adds another utility-scale renewable energy and storage project to Waaree Energies’ portfolio as India’s power market increasingly incorporates energy storage alongside renewable generation.

Source:

• https://www.nseindia.com/get-quote/equity/WAAREEENER/Waaree-Energies-Limited
• https://nsearchives.nseindia.com/corporate/WAAREE_28082026142932_LOA_signed.pdf