Waaree Renewable Technologies' share price is currently in focus as it trades higher, after the company has been awarded a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 300 MW AC/435 MW DC capacity.
The share price of Waaree Renewable Technologies is up by 1.41% as of 11 AM on June 3, 2025. This movement follows after the company announced it has received a significant solar power project contract awarded by CESC’s subsidiary.
CESC Limited, through its subsidiary Purvah Green Power Private Limited, has issued a Letter of Award to Waaree Renewable Technologies Limited. The contract covers the design, development, supply, installation, erection, testing, and commissioning of a 300 MW AC / 435 MW DC solar power generating station located in Bikaner, Rajasthan.
Valued at approximately ₹346.33 crore excluding taxes, the project is scheduled for completion during the financial year 2025-26, according to the terms of the award.
The share price of Waaree Renewable Technologies is up by 1.41% as of 11 AM on June 3, 2025.
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The contract was awarded to a domestic entity, Waaree Renewable Technologies Limited, which has no promoter or promoter group connection with CESC. Therefore, this transaction is not classified as a related party deal.
This project represents a sizeable commercial commitment for CESC and its subsidiary, reflecting the company’s focus on expanding renewable energy capacity amid India’s energy transition policies.
The contract awarded by CESC reinforces Waaree Renewable Technologies’ position as a key player in India’s solar power sector. This project not only highlights Waaree’s growing capabilities but also reflects the increasing demand for renewable energy infrastructure across the country.
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Published on: Jun 3, 2025, 11:49 AM IST
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