Please find attached herewith Letter of Award received by the Company
WAAREERTL · price
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Waaree Renewable Technologies Ltd has signed a turnkey EPC (Engineering, Procurement and Construction) contract for a 350MW/1400MWh grid-connected Battery Energy Storage System (BESS). The order includes two years of operation and maintenance services. The project is scheduled for completion during Financial Year 2026-27. The contract has been awarded by Waaree Forever Energies Private Limited (WFEPL), which is a subsidiary of the company's holding company, making this a related party transaction.
This large BESS order provides significant revenue visibility for FY26-27 and strengthens Waaree Renewable's order book. The related party nature of the transaction (same promoter group) may require arm's length pricing justification. The stock could see positive sentiment given the scale of the order, though investors should monitor for pricing details.