Waaree Renewable Technologies Receives Letter of Award for 704 MWac Solar Project

Waaree Renewable Technologies Limited has announced an update relating to one of its large-scale solar power projects, reflecting changes in the project’s planned capacity and associated commercial value while maintaining the original execution framework. 

Revision in Project Scope and Commercial Impact 

The company has received a revised Letter of Award for a solar project, with capacity reduced to 704 MWac / 1,000 MWp from the earlier 870 MWac / 1,218 MWp.  

This adjustment has been undertaken due to evacuation constraints and optimisation of DC overloading. As a result, the contract value has been proportionately reduced from ₹1,252.43 crore to ₹1,039.60 crore, reflecting a decrease of ₹212.83 crore.  

Apart from the revised capacity and order value, all other terms, conditions, scope of work, and pricing structure remain unchanged. The project continues to be scheduled for completion in the financial year 2026–27. 

Recent Developments and About the Company 

In recent months, Waaree Renewable Technologies Limited has continued to strengthen its execution pipeline through capacity enhancements under existing contracts.  

In December 2025, the company received an upward revision in project size from 30 MWp to 35 MWp for a ground-mounted solar power project, including Engineering, Procurement and Construction (EPC) along with Operation and Maintenance (O&M).  

The enhancement led to an increase in the contract value from ₹90.29 crore to ₹102.93 crore, while all other contractual terms remained unchanged.  

The project is scheduled for completion during FY 2026–27, reflecting the company’s consistent focus on scaling renewable energy projects and reinforcing its role as a key execution arm within the Waaree Group. 

Read More: Waaree Renewable Technologies Share Price in Focus; Signs 300 MW Solar Power Purchase Agreement! 

Waaree Renewable Technologies Share Price Performance  

As of January 9, 2026, at 10:10 AM, Waaree Renewable Technologies share price is trading at ₹906.25 per share, reflecting a decline of 2.38% from the previous closing price. Over the past month, the stock has declined by 4.32%. The stock's 52-week high stands at ₹927 per share, while its low is ₹889.20 per share. 

Conclusion  

The revised disclosure highlights Waaree Renewable Technologies Limited’s adaptive project management approach, balancing technical optimisation with commercial prudence. Despite a reduction in capacity and order value, the unchanged scope, timelines, and contractual terms underline operational stability and execution discipline amid evolving project requirements. 

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