Waaree Renewable Gets Rs 346 Crore Order
By Ankur Chandra | Updated at: Jun 3, 2025 01:40 PM IST
Mumbai, June 3, 2025: Waaree Renewable Technologies Ltd (NSE: WAAREERTL; BSE: 534618), a subsidiary of Waaree Energies Ltd, has secured a significant engineering, procurement, and construction (EPC) contract valued at approximately ₹346.33 crore (excluding taxes). The order pertains to a major solar power project in India.
Project Overview
The newly secured contract involves the execution of a 300 MW AC / 435 MW DC ground-mounted solar project. A Letter of Award (LOA) has been issued by a renewable energy generation company based in India, though the name of the client remains confidential.
Key Project Specifications
| Particulars | Details |
|---|---|
| Order Value | ₹346.33 crore (excl. taxes) |
| Project Capacity | 300 MW AC / 435 MW DC |
| Nature of Project | Commercial EPC Contract |
| Entity Awarding Order | Indian Renewable Generation Co. |
| Execution Timeline | FY 2025–26 |
| Promoter Group Involvement | None |
| Related Party Transaction | No |
Strategic Importance
The order strengthens Waaree Renewable Technologies’ position in India’s fast-growing utility-scale solar EPC market. It comes at a time when the nation is ramping up efforts to meet ambitious renewable energy goals. The large-scale project adds considerable value to Waaree’s order book and reinforces its execution pipeline for FY26.
Company Statement
Whilе thе namе of thе cliеnt has not bееn disclosеd duе to confidеntiality agrееmеnts, Waarее’s managеmеnt notеd that thе ordеr highlights thе company’s еnginееring еxpеrtisе and ability to dеlivеr largе, complеx projеcts. This contract aligns with Waarее’s stratеgic goal of bеcoming a lеading playеr in India’s clеan еnеrgy transformation.
Future Outlook
Waaree Renewable Technologies continues to focus on high-speed execution, quality engineering, and timely delivery. With this addition to its portfolio, the company is poised to further expand its presence in the domestic EPC solar segment.
The company received formal LOA confirmation on June 3, 2025, at 8:13 AM IST.
REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/de8f3707-827b-4e0f-a17c-9a31ef04ded3.pdf
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