Waaree Renewable Technologies Limited has announced receiving a Letter of Award (LOA) for the Engineering, Procurement, and Construction (EPC) works of a 450 MWp Solar Power Project. The LOA was received on October 27, 2026. The company anticipates project completion during the financial year 2027-28. This award signifies a substantial addition to the company’s project pipeline and future revenue potential.
Waaree Renewable Technologies Secures Major Solar Project Award
Waaree Renewable Technologies Limited has officially received a Letter of Award (LOA) for a significant solar power project. The award is for the execution of Engineering, Procurement, and Construction (EPC) works for a 450 MWp Solar Power Project. This development marks a crucial step in the company’s expansion within the renewable energy sector.
Project Details and Timeline
The Letter of Award was received by the company on October 27, 2026, at 12:36 PM IST. As per the terms outlined in the LOA, the project is scheduled to be completed within the financial year 2027-28. The entity awarding the contract is described as a leading Independent Power Producer (IPP) Company and is a domestic entity. The consideration for the order is represented by the project’s capacity of 450 MWp.
Company’s Position
This new award strengthens Waaree Renewable Technologies Limited’s order book and underscores its capabilities in delivering large-scale solar power projects. The company confirmed that neither its promoter group nor any group companies have any interest in the entity that awarded the contract, and the transaction does not fall within related party transactions.
Source: BSE
