Waaree Renewable Technologies Increases Solar Project Capacity
Filing Summary
Waaree Renewable Technologies Ltd, a subsidiary of Waaree Energies Ltd, announced an enhancement in the capacity of its existing contract for a ground mount solar power project. The capacity has been increased from 30 MWp to 35 MWp. The contract value has been revised from Rs. 90 Cr to Rs. 102 Cr, exclusive of taxes. The terms and conditions remain unchanged. The project is scheduled for completion in the fiscal year 2026-27. This update follows the initial disclosure on July 15, 2024, and complies with SEBI regulations.
Waaree Renewable Technologies Ltd, a subsidiary of Waaree Energies Ltd, has announced an enhancement in the capacity of its existing contract for a ground mount solar power project. The capacity has been increased from 30 MWp to 35 MWp. This update follows the initial disclosure made on July 15, 2024.
The contract value has been revised from Rs. 90 Cr to Rs. 102 Cr, exclusive of taxes. The enhancement amounts to Rs. 12 Cr. The terms and conditions of the contract remain unchanged. The project includes Engineering, Procurement, and Construction (EPC) works, along with Operation and Maintenance (O&M).
The order was awarded by a domestic entity, identified as one of the largest manufacturers of pig iron, castings, and seamless tubes. The project is scheduled for completion during the fiscal year 2026-27. The company received the intimation of this enhancement on December 29, 2025.
There is no interest from the promoter or promoter group in the entity that awarded the contract. Additionally, the contract does not fall within related party transactions.
Waaree Renewable Technologies Ltd focuses on the development and execution of solar power projects. As a subsidiary of Waaree Energies Ltd, it is involved in providing comprehensive solar solutions, including EPC and O&M services. The company aims to expand its renewable energy portfolio through strategic project enhancements and collaborations.