Waaree Renewable Technologies Secures Turnkey EPC Contract for 350MW/1400MWh BESS
Waaree Renewable Technologies Limited has signed a turnkey contract for the execution of Engineering, Procurement, and Construction (EPC) works for a large Battery Energy Storage System (BESS). The contract, which includes two years of operation and maintenance services, was awarded by Waaree Forever Energies Private Limited (WFEPL).The agreement solidifies Waaree Renewable Technologies’ role in developing grid-connected energy infrastructure. The total aggregate order size for the project is stated as 350MW/1400MWh.
Waaree Forever Energies Private Limited (WFEPL) is the entity awarding the order, classifying the transaction as a commercial and domestic order. Given that WFEPL is a subsidiary company of the holding company, the agreement falls under related party transaction guidelines.
The project development is scheduled for completion during the financial year 2026-27, according to the terms of the contract.
Key details of the order are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity | Waaree Forever Energies Private Limited (WFEPL) |
| Contract Scope | EPC for 350MW/1400MWh grid connected BESS |
| Contract Nature | Commercial Order |
| Transaction Type | Domestic, Related Party Transaction |
| Project Size | 350MW/ 1400MWh |
| Scheduled Completion | Financial year 2026-27 |
WAAREERTL Stock Price Movement
On Monday, Waaree Renewable Technologies Limited shares slipped by 0.68% to settle at ₹933.8, after trading through a range that concluded significantly below Monday's opening price of ₹940. The equity recorded a total volume of 263,592 shares traded 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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