Deals8 Jan 2026, 05:08 pm
Waaree Renewable Technologies Ltd Receives Letter of Award for Revised Project Capacity of 704 MWac/1000 MWp
AI Summary
Waaree Renewable Technologies Ltd (WAAREERTL) has received a Letter of Award for a revised project capacity of 704 MWac / 1,000 MWp. This revision is pursuant to evacuation considerations and optimization of DC overloading, resulting in a proportionate reduction in the contract value. The project is scheduled to be completed in the financial year 2026-27. The commercial order has been reduced from INR 1,252.43 Crore to INR 1,039.60 Crore, resulting in a reduction of INR 212.83 Crore. WFEPL, a subsidiary company of WAAREERTL's holding company, is the entity that awarded the order.
Key Highlights
- WAAREERTL receives Letter of Award for revised project capacity of 704 MWac/1000 MWp
- Project revision due to evacuation considerations and DC overloading optimization
- Proportionate reduction in contract value
- Project scheduled for completion in financial year 2026-27
- Commercial order reduced from INR 1,252.43 Crore to INR 1,039.60 Crore