Update on disclosure submitted on November 27, 2024. We are please to inform you that the Company has received revised scope of work under the existing contract for execution of Engineering, Procurement and Construction (EPC) work.
WAAREERTL · price
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Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies, has received a revised scope of work under its existing contract for EPC execution of a 2,012.47 MWp ground-mounted solar PV project. The commercial order value has been enhanced by Rs. 246.92 crore, taking the total contract value to Rs. 1,480.40 crore. The aggregate order size in MWp remains unchanged from the original November 27, 2024 disclosure. The order is from a domestic entity, and all other terms and conditions of the original contract remain the same. No related party transactions are involved in this enhancement.
This is a positive development for shareholders, as it represents an upward revision of an existing large order by Rs. 246.92 crore, boosting the company's revenue visibility and order book. The enhancement signals continued trust from the client and strengthens the company's position in the solar EPC segment, likely to be viewed favorably by the market.