Waaree Renewable Technologies Secures Major Scope Enhancement for Solar Power Plant EPC Contract
Waaree Renewable Technologies Ltd has announced a significant enhancement in the scope of work under its existing contract for the Engineering, Procurement, and Construction (EPC) works for a large-scale solar power plant. The company confirmed that the order represents an increase in the commercial value of the project.The enterprise is executing EPC works for a Solar Power Plant with a capacity totaling 980 MWp / 700 MWac. The contract relates to a Commercial Order awarded by one of India's leading Renewable Energy companies, and the scope enhancement has been successfully secured.
According to the details provided, the commercial order value was enhanced by Rs. 30.91 Cr., bringing the total value of the contract to Rs. 1,044.69 Cr., inclusive of taxes. The terms and conditions of the existing contract remain unchanged with this enhancement.
Key aspects of the expanded contract are detailed below:
| Particulars | Details |
|---|---|
| Order Nature | Commercial Order (Domestic Entity) |
| Capacity Size | 980 MWp / 700 MWac |
| Scope Enhancement Value | Rs. 30.91 Cr. |
| Total Contract Value | Rs. 1,044.69 Cr. (Inclusive of taxes) |
The total aggregate order size remains consistent with the initial disclosure made on February 20, 2024, maintaining the project scale of 980 MWp / 700 MWac. The execution timeline for the contract has been set to be mutually decided by both parties.
WAAREERTL Stock Price Movement
Shares of Waaree Renewable Technologies Limited today slipped by 0.06% to settle at ₹971.7 after trading in the post-market session. The stock saw a volume of 161,469 shares during the day's movements.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.