Business Update6 Aug 2026, 01:51 pm
Waaree Renewable Technologies Secures 210MWp EPC Order
AI Summary
Waaree Renewable Technologies Ltd (WAAREERTL) has signed a turnkey contract for Engineering, Procurement, and Construction (EPC) works for a 210MWp (150MWac) solar project. The order includes two years of operation and maintenance services. The project is scheduled for completion in the financial year 2027-28. The entity awarding the contract is Solaris Horizon Energy Private Limited (SHEPL), a step-down subsidiary of Waaree Energies Limited, indicating a related party transaction executed at arm's length. This order signifies continued business development in the renewable energy sector for WAAREERTL.
Key Highlights
- Secured a 210MWp (150MWac) EPC order for a solar project.
- Contract includes two years of operation and maintenance services.
- Project execution expected within FY 2027-28.
- Order awarded by SHEPL, a related entity.
- Transaction is considered a commercial order.
Price Impact
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