Waaree Renewable Technologies Secures Turnkey EPC Contract for 210MWp Solar Project
Waaree Renewable Technologies Limited has secured a turnkey contract to execute the Engineering, Procurement, and Construction (EPC) works for a major grid connected Ground Mount Solar Project. The order involves a project size of 210MWp (150MWac), which includes provision for two years of operation and maintenance services.The contract was awarded by Solaris Horizon Energy Private Limited (SHEPL). The overall agreement signifies a commercial order from a domestic entity, with the project scheduled for completion during the financial year 2027-28.
As SHEPL is identified as a step down subsidiary company of Waaree Energies Limited, the transaction falls under related party transactions.
Details regarding the significant terms and conditions of this commercial order are presented below:
| Particulars | Details |
|---|---|
| Client Entity | Solaris Horizon Energy Private Limited (SHEPL) |
| Project Scope | Grid connected Ground Mount Solar Project EPC |
| Contract Size | 210MWp (150MWac) |
| Service Duration | Two years of operation and maintenance services |
| Execution Timeline | Scheduled to be completed during the financial year 2027-28 |
The agreement, which establishes a commercial order with SHEPL, confirms Waaree Renewable Technologies Limited’s role in developing the project.
WAAREERTL Stock Price Movement
Waaree Renewable Technologies Limited shares slipped by 0.83% to settle at ₹906.05 today, closing lower after a day of trading volatility. The equity saw a volume of 121,666 shares traded, having moved within the intraday range of ₹905 and ₹919.5.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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