Waaree Renewable Technologies Lands LOA for 300MW Ground Mount Solar EPC Project
Waaree Renewable Technologies Limited has secured a Letter of Award (LOA) to execute a major Engineering, Procurement, and Construction (EPC) contract for a large-scale solar project. The order involves providing the EPC services for a 300MW/450MWp Ground Mount Solar facility, along with two years of operation and maintenance services.The contract was awarded by Sunsational Power Private Limited (SPPL), which is noted as a domestic entity. The total aggregate order size stands at 300MW/450MWp.
As detailed in the transaction parameters, the project is scheduled for completion during the financial year 2026-27. This commercial order falls under related party transactions since SPPL is a subsidiary of Waaree Renewable Technologies Limited, and the contract was executed at arm's length.
Key details regarding the commercial order are provided below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Sunsational Power Private Limited (SPPL) |
| Nature of Transaction | Commercial Order (LOA for EPC services) |
| Project Scope | 300MW / 450MWp Ground Mount Solar Project |
| Additional Services | Two Years Operation & Maintenance |
| Entity Type | Domestic |
| Estimated Completion Period | Financial Year 2026-27 |
| Relationship Status | SPPL is a wholly-owned subsidiary of Waaree Renewable Technologies Limited, making this a related party transaction. |
WAAREERTL Stock Price Movement
As of 1:06 PM in live trading, shares of Waaree Renewable Technologies Limited are slipping by 1.06%, currently valued at ₹960. The stock has seen a total traded volume of 131,500 shares as the market progresses.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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