Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, has announced a significant development. The company received a Letter of Intent (LOI) for the execution of an Engineering, Procurement, and Construction (EPC) project for a ground-mounted solar power plant with a capacity of 105 MWp (DC).
Key Details of the Project:
- Project Value: ₹277.20 crore (excluding taxes).
- Nature of Project: Ground-mounted solar power project on a turnkey basis.
- Awarding Entity: A leading wind energy company.
- Timeline: The project is scheduled for completion in FY 2025-26.
- Location: Domestic.
Strategic Importance:
This project highlights Waaree’s growing capabilities in renewable energy EPC solutions. The order reinforces the company’s presence in the domestic renewable sector, further bolstering its portfolio in large-scale solar power projects.
For Waaree, this contract underscores its commitment to executing projects efficiently while contributing to the renewable energy transition in India.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
