Waaree Renewable Technologies Limited has announced an enhancement in capacity under its existing Engineering, Procurement, and Construction (EPC) contract for a ground-mounted solar power project.
The project capacity has been increased from 30 MWp to 35 MWp, strengthening the company’s solar EPC order book and reinforcing its position in India’s renewable energy sector.
The enhanced contract has been awarded by one of India’s largest manufacturers of pig iron, castings, and seamless tubes, reflecting growing adoption of renewable energy by large domestic industrial players. Under the revised scope, Waaree Renewable Technologies will execute the 35 MWp ground-mounted solar power project on a turnkey basis, including comprehensive Operation and Maintenance (O&M) services.
With the increase in capacity, the commercial value of the order has been revised upward from ₹90.29 crore to ₹102.93 crore, exclusive of taxes. This represents an enhancement of ₹12.64 crore, while all other contractual terms and conditions remain unchanged. The revision highlights the client’s confidence in Waaree Renewable’s execution and project delivery capabilities.
The order is classified as a domestic commercial contract. The project is scheduled to be completed during the financial year 2026–27. Waaree Renewable Technologies will be responsible for engineering design, procurement of equipment, construction activities, and ongoing operational maintenance.
The capacity enhancement underscores Waaree Renewable Technologies’ strategic focus on the commercial and industrial solar segment. By supporting energy-intensive manufacturing companies in their transition to clean energy, the company continues to play a key role in advancing India’s renewable energy goals.
On December 30, 2025, Waaree Renewable share price opened at ₹944.30, touching the day’s high at ₹958.80, as of 12:17 PM on the NSE.
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The expanded 35 MWp solar EPC contract strengthens Waaree Renewable Technologies’ project pipeline and revenue visibility. With an increased order value and a defined execution timeline, the project is expected to contribute meaningfully to the company’s growth while supporting sustainable energy adoption in the domestic industrial sector.
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Published on: Dec 30, 2025, 12:23 PM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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