Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, has been awarded a significant contract for the execution of a 25MWac solar power project.
This project includes the development of evacuation infrastructure with a capacity of 50MW, marking a notable achievement for the company.
The contract, valued at approximately ₹102.75 crore excluding taxes, involves the engineering, procurement, and construction (EPC) of a ground mount solar power project. The project is to be executed on a turnkey basis, ensuring comprehensive delivery from start to finish.
The awarding entity is a prominent manufacturer of pig iron, castings, and seamless tubes, indicating the project's domestic nature.
The project is scheduled for completion during the financial year 2026-27, aligning with the terms outlined in the order. This timeline underscores Waaree Renewable Technologies' commitment to delivering the project efficiently and effectively.
Read More: Waaree Renewable Technologies Receives Letter of Award for 704 MWac Solar Project!
The order specifies a total project size of 25MWac/35MWp, with the evacuation infrastructure designed to handle 50MW. The commercial nature of the order highlights its significance in the renewable energy sector. Importantly, there is no interest from the promoter group in the awarding entity, and the transaction does not fall within related party transactions.
As of January 14, 2026, at 12:37 PM, Waaree Renewable Technologies share price on NSE was trading at ₹985.30 down by 2.09% from the previous closing price.
Waaree Renewable Technologies' receipt of this EPC contract for a 25MWac solar project signifies a strategic advancement in its project portfolio. With a substantial order value and a clear execution timeline, the company is poised to make a significant impact in the renewable energy sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Jan 14, 2026, 1:13 PM IST
Team Angel One
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