Execution of Power Purchase Agreement by Waaree Forever Energies Four Private Limited, a wholly owned step down subsidiary of the Company.
WAAREEENER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Waaree Energies' wholly-owned step-down subsidiary, Waaree Forever Energies Four Private Limited, has signed a Power Purchase Agreement with Solar Energy Corporation of India Limited (SECI). The agreement is for developing a 300MW Wind Power Project in Dwarka, Gujarat. This follows a prior intimation dated February 24, 2026. The project adds to Waaree's renewable energy portfolio in the wind segment. SECI is a government-owned entity under the Ministry of New and Renewable Energy.
The deal is positive as it secures a utility-scale wind project with a government counterparty, demonstrating continued order book growth. However, the monetary value of the contract is not disclosed, making it difficult to assess the revenue impact for shareholders.