Waaree Renewable Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
WAAREERTL · price
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Awaiting price reaction for this filing.
Waaree Renewable Technologies has received a revised Letter of Award from Waaree Forever Energies Private Limited (WFEPL), a subsidiary of its holding company, reducing the project capacity from 870 MWac/1,218 MWp to 704 MWac/1,000 MWp. The revision is due to evacuation considerations and optimization of DC overloading. As a result, the commercial order value has been cut from ₹1,252.43 Crore to ₹1,039.60 Crore (a reduction of ₹212.83 Crore, about 17%). All other terms, pricing, and scope remain unchanged. The project is scheduled for completion in FY 2026-27. The order is domestic and qualifies as a related-party transaction, done at arm's length.
This is a negative development for shareholders — the order book shrinks by ~₹213 Crore, which could temper near-term revenue expectations. However, since the project still proceeds and terms/pricing are unchanged, the long-term business relationship is intact, and the reduction is operational rather than a loss of business.