Waaree Renewable Technologies Limited has informed the Exchange about Awarding of order(s)/contract(s)
WAAREERTL · price
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Waaree Renewable Technologies (WAAREERTL), a subsidiary of Waaree Energies, has received a Letter of Award for a 94 MW AC / 131.6 MW DC solar power project valued at approximately INR 114.23 Crores (excluding taxes). The scope covers Engineering, Procurement and Construction (EPC) along with Operation and Maintenance (O&M). The project will be executed under the Maharashtra government's Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0), a scheme aimed at providing solar power for agricultural use. The order was awarded by a domestic Renewable Generation Company and is scheduled for completion in FY 2025-26. There is no promoter or related party interest in the awarding entity.
This order adds to WAAREERTL's revenue visibility for FY 2025-26 and reinforces its position in the government-backed solar EPC space, which is a positive signal for the stock.