Waaree Renewable Technologies Limited (Waaree RTL) has received an upward revision in capacity under its existing Engineering, Procurement and Construction (EPC) contract for a ground-mounted solar power project, reinforcing its growing presence in India’s renewable energy sector.
In a regulatory update referencing its earlier disclosure dated July 15, 2024, the company confirmed that the project capacity has been enhanced from 30 MWp to 35 MWp. The scope of work remains unchanged and continues to include turnkey EPC execution along with comprehensive Operation and Maintenance (O&M) services.
The project has been awarded by one of India’s largest manufacturers of pig iron, castings and seamless tubes, marking a significant domestic industrial collaboration aimed at expanding clean energy usage. With the capacity enhancement, the overall commercial value of the contract has risen from ₹90.29 crore to ₹102.93 crore, excluding taxes. This represents an incremental order value of ₹12.64 crore, while all other contractual terms and conditions remain intact.
Waaree RTL will develop the ground-mounted solar power plant on a turnkey basis, covering design, engineering, procurement, installation, commissioning, and long-term operations and maintenance. The project is scheduled for completion during the financial year 2026–27, aligning with India’s broader push toward higher renewable energy adoption in the industrial sector.
The company clarified that the order has been awarded by a domestic entity and does not involve any related-party transactions. Additionally, neither the promoter nor promoter group entities have any interest in the awarding company.
