Waaree Renewable Wins 300MW Solar EPC Order; Shares Trade Lower

Mumbai, June 8: Waaree Renewable Technologies has received a Letter of Award (LOA) for execution of a 300MW/450MWp ground-mounted solar EPC project along with operation and maintenance services.

According to the company’s exchange filing dated June 8, 2026, the contract has been awarded by Sunsational Power Private Limited (SPPL).

The company said the scope of work includes engineering, procurement and construction services for the solar project along with two years of operation and maintenance support.

Waaree Renewable added that the project is scheduled for completion during the financial year 2026-27.

Order Strengthens Solar EPC Execution Pipeline

The company stated that the aggregate project size stands at 300MW/450MWp and categorised the contract as a commercial order.

As per the filing, SPPL is a subsidiary company of Waaree Renewable Technologies, making the transaction a related party arrangement conducted within the group structure.

The project reflects continuing execution momentum in India’s utility-scale solar infrastructure segment amid rising renewable energy capacity additions and EPC demand.

Waaree Renewable Technologies has remained active across large-scale solar engineering and clean energy infrastructure projects as developers continue expanding capacity pipelines.

Stock Market Snapshot

Waaree Renewable share price traded lower despite the project announcement.

The stock traded at ₹957 on the NSE, down 1.37% or ₹13.25 as of 1:09 PM IST on June 8, 2026, according to market data.

The decline came amid broader volatility in renewable energy and infrastructure counters despite the company reporting a sizeable solar EPC contract addition.

Source:

• https://www.nseindia.com/get-quote/equity/WAAREERTL/Waaree-Renewable-Technologies-Limited
• https://nsearchives.nseindia.com/corporate/WAAREERTL_08062026125616_Intimation-signed.pdf