Waaree Renewable Technologies reports Enhanced Contract to Rs 1018 Cr
Filing Summary
Waaree Renewable Technologies Ltd, a subsidiary of Waaree Energies Ltd, has announced an enhancement in the scope of its existing contract for Engineering, Procurement, and Construction (EPC) works. The contract pertains to a Solar Power Plant with a capacity of 980 MWp / 700 MWac. The enhancement increases the contract value by INR 27 Crore, bringing the total to INR 1018 Crore, inclusive of taxes. The terms and conditions remain unchanged. The contract is with a domestic entity, and the execution timeline will be mutually decided.
Waaree Renewable Technologies Ltd, a subsidiary of Waaree Energies Ltd, has received an enhancement in the scope of work under its existing contract for Engineering, Procurement, and Construction (EPC) services. The contract involves a Solar Power Plant with a capacity of 980 MWp / 700 MWac. This update was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The enhancement in the scope of work increases the contract value by INR 27 Crore, bringing the total contract value to INR 1018 Crore, inclusive of taxes. The terms and conditions of the contract remain unchanged. The contract is awarded by a domestic entity, identified as one of India’s leading renewable energy companies.
The time period for the execution of the contract will be mutually decided by the involved parties. The company confirmed that there is no interest from the promoter or promoter group in the entity awarding the contract, and the transaction does not fall under related party transactions.
The company received the intimation of this enhancement on November 10, 2025, at 03:30 p.m. (IST). The disclosure includes all requisite details as per the SEBI circular dated November 11, 2024.
Waaree Renewable Technologies Ltd focuses on providing comprehensive EPC services for solar power projects. As a subsidiary of Waaree Energies Ltd, it leverages its expertise in renewable energy to execute large-scale solar projects on a turnkey basis, contributing to the expansion of solar infrastructure in India.