StockWatch
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Power Generation
Business Update1 Nov 2026, 02:00 pm

Waaree Renewable Technologies Signs 5-Year O&M Agreement for 360MWp Solar Project

AI Summary

Waaree Renewable Technologies Limited has secured a five-year Operation and Maintenance (O&M) agreement for a 360MWp Solar Power Project. The agreement was signed with a leading Independent Power Producer (IPP) company, identified as a domestic entity. The company received the Letter of Award (LOA) on October 31, 2026. This commercial order is for the O&M of the 360MWp solar power project, with execution timelines to be determined by the order's terms. The promoter and promoter group have no interest in the awarding entity, and the transaction does not fall under related party transactions.

Key Highlights

  • Secured 5-year O&M agreement for 360MWp solar project.
  • Agreement signed with a leading domestic Independent Power Producer.
  • Commercial order for Operation and Maintenance services.
  • No promoter interest in the awarding entity.
  • Transaction is not a related party transaction.