Waaree Energies Limited announced receiving a substantial order on February 23, 2026, for the supply of 500MW of solar modules. The customer is a renowned Independent Power Producer (IPP) engaged in solar power development. The supply is scheduled to occur across the FY 2026-27. This development highlights Waaree’s continued success in the renewable energy sector and confirms the non-related party nature of the transaction.
Major New Supply Contract Secured
Waaree Energies Limited confirmed on February 23, 2026, that it has secured a significant new contract for the supply of solar modules. The order size amounts to 500MW of solar modules, underscoring the company’s capacity in the renewable energy supply chain.
Customer Profile and Scope
The contract was awarded by a renowned customer identified as a solar power developer and an Independent Power Producer (IPP). The brief terms confirm the requirement is specifically for the Supply of Solar Modules. The transaction is classified as a One time engagement.
Financial Year and Transaction Details
The broad commercial consideration relates to the supply of 500 MW Solar modules, scheduled for fulfillment during the FY 2026-27 period. Further regulatory confirmations established that the awarding entity is a Domestic Entity. Importantly, the company confirmed that neither its promoter group nor group companies hold any interest in the awarding entity, and the order does not fall under related party transactions.
Source: BSE
