Waaree Renewable Technologies Limited has informed the Exchange about Awarding of order(s)/contract(s)
WAAREERTL · price
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Waaree Renewable Technologies Limited (WAAREERTL), a subsidiary of Waaree Energies Limited, has received a Letter of Award for the Engineering, Procurement and Construction (EPC) of a 300 MW AC / 435 MW DC ground-mounted solar power project. The order, valued at approximately INR 346.33 Crore (excluding taxes), has been placed by a domestic renewable generation company. The project is scheduled for completion in the financial year 2025-26. The company clarified that the order is a domestic commercial order, with no related party involvement and no promoter interest in the awarding entity.
This is a sizeable new order that strengthens WAAREERTL's order book and provides visible revenue for FY 2025-26. The addition of a 300 MW AC solar EPC contract is positive for the company's growth trajectory, though the stock reaction will depend on the order's size relative to overall revenue and execution capability.