Waaree Renewable Technologies Secures Letters of Award for 800 MWac Solar PV Projects
Waaree Renewable Technologies Limited has received two Letters of Award (LOA) for the Engineering, Procurement, and Construction (EPC) works of ground-mounted Solar PV plants. The contracts aggregate a total capacity of 800 MWac / 1,082 MWp.The company secured these commercial orders from one of India's leading Renewable Energy companies.
Waaree has received the LOAs for two distinct projects: a plant rated at 400 MWac / 530 MWp and another plant rated at 400 MWac / 552 MWp. The total capacity across both plants amounts to 800 MWac / 1,082 MWp.
The contracts involve the EPC of ground-mounted Solar PV projects and are designated as commercial orders from a domestic entity. There is no interest by the promoter or any group companies in the awarding entity, nor do the contracts fall under related party transactions.
Key project details for these two LOAs include:
| Feature | Details |
|---|---|
| Nature of Order | Commercial order for Engineering, Procurement and Construction (EPC) works |
| Capacity 1 | 400 MWac / 530 MWp |
| Capacity 2 | 400 MWac / 552 MWp |
| Aggregate Capacity | 800 MWac / 1,082 MWp |
| Awarding Entity | One of India's leading Renewable Energy companies (Domestic) |
| Execution Timeline | Scheduled for completion during the financial year 2027-28 |
The projects are set to be completed during the financial year 2027-28, according to the terms outlined in the orders.
WAAREERTL Stock Price Movement
Shares of Waaree Renewable Technologies Limited slipped on Friday, settling at ₹932.00 after shedding 0.63%. The stock traded a total volume of 276,473 shares during the session.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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