Announced Fri, 28 Aug, 2026 · 14:29 IST
Waaree Energies subsidiary gets 700 MW solar project LOA from SECI
WAAREEENER · price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹2613.60
prior close
₹2629.20
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AI summary
Waaree Energies' wholly owned subsidiary Waaree Forever Energies has received a Letter of Award from Solar Energy Corporation of India (SECI) for developing a 700 MW solar and 700 MW/2800 MWh Energy Storage Solution project in Solapur, Maharashtra. The Power Purchase Agreement is valid for 25 years from the scheduled commencement of supply date. It is a one-time domestic order from a government entity with no related party interest.
Likely market impact
Positive: large-scale solar plus storage order from government PSU SECI strengthens long-term revenue visibility over 25 years.