Waaree Renewable Technologies Share Price in Focus on LOA for Solar Project

Waaree Renewable Technologies Limited (WAAREERTL), a subsidiary of Waaree Energies Limited, has received a Letter of Award (LOA) for executing Engineering, Procurement and Construction (EPC) of a solar power project. The project includes Operation and Maintenance (O&M) services for a 21 MW AC/29.4 MW DC ground mount solar project, awarded by one of the construction companies.

Project details and value

This commercial order, valued at approximately ₹26.17 crore (excluding taxes), has been awarded by a domestic entity and is scheduled for execution in the financial year 2025–26. The project is to be implemented under the Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0). As stated in the disclosure, “The Company shall develop the Ground mount solar power project, including Operation and Maintenance (O&M) 21 MW AC / 29.4 MW DC capacity.”

Compliance and governance disclosures

The disclosure, made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, clarifies that neither the promoter group nor any related parties have any interest in the awarding entity, and the transaction does not qualify as a related party transaction. The intimation of the award was received by the company on July 2, 2025, at 6:05 p.m. IST and submitted to both BSE and NSE.

Also Read: Waaree Energies US Subsidiary Secures 540 MW Solar Module Deal!

Waree Renewables Technologies Stock Price Performance

As of 3 July 2025, at 09:50 AM, Waaree Renewable Technologies share price is trading at ₹992 per share, reflecting a gain of 0.3% from the previous closing price. Over the past month, the stock has gained by approximately 6%.

Conclusion

With this LOA, Waaree Renewable Technologies continues its momentum in India’s solar infrastructure sector. This significant domestic order reflects the company’s strong execution capabilities and aligns with its long-term commitment to renewable energy expansion under key government initiatives.

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