Business Update10 Aug 2026, 10:59 am
Waaree Renewable Technologies Secures 124MWp EPC Project
AI Summary
Waaree Renewable Technologies Limited has announced the receipt of a Letter of Award (LOA) for Engineering, Procurement, and Construction (EPC) works for a ground-mounted Solar PV project of 124 MWp (88 MWac). The project is scheduled for completion during the financial year 2026-27. This award signifies a significant business development for the company in the renewable energy sector, reinforcing its role as a key player in India's solar energy landscape. The company confirmed that the promoter group has no interest in the entity awarding the contract and that it does not fall under related party transactions.
Key Highlights
- Received LOA for EPC works of a 124 MWp solar PV project.
- Project execution is planned for FY 2026-27.
- The order is classified as a commercial, domestic order.
- No promoter interest in the awarding entity.
- Transaction is not a related party transaction.
Price Impact
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