Waaree Energies Limited has informed the Exchange about Intimation of receipt of Letter of Award.
WAAREEENER · price
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Waaree Energies' wholly owned subsidiary, Waaree Forever Energies Private Limited, has received a Letter of Award from Solar Energy Corporation of India Limited (SECI), a Government of India entity, on February 24, 2026. The award is for developing a 300MW Wind Power Project in Dwarka, Gujarat. The associated Power Purchase Agreement will be valid for 25 years from the scheduled commencement of supply. The order is domestic in nature, one-time in structure, and involves no related party interest.
This is a positive development, reinforcing Waaree Energies' order book in the renewable energy space with a long-tenure PPA from a government-backed counterparty. Long-term revenue visibility over 25 years is likely to support investor sentiment, though the exact order value and margin profile are not disclosed in this filing.