Waaree Renewable Technologies Limited (WAAREERTL) announced the signing of a significant Engineering, Procurement, and Construction (EPC) contract. The project involves the execution of a Ground Mount Solar PV Plant with a capacity of 300MWac/420MWp. The order was awarded by a Domestic Entity involved in renewable energy generation. Execution is scheduled to be completed during the financial year 2027-28, representing a key commercial milestone for the company.
New Commercial EPC Contract Secured
Waaree Renewable Technologies Limited is pleased to report that it has entered into a definitive Contract for the execution of Engineering, Procurement, and Construction (EPC) works. This is a Commercial Order awarded by a Domestic Entity specializing in power generation through renewable energy sources.
Project Capacity and Timeline Details
The newly awarded project scope focuses on developing a large-scale Ground Mount Solar PV Plant. The aggregate order size is specified as 300MWac, which corresponds to 420MWp capacity. Regarding the execution schedule, the project is planned for completion during the financial year 2027-28, subject to the specific terms outlined in the agreement.
Disclosure Confirmation
The company confirms that the details provided comply with relevant disclosure requirements for material events. Importantly, the transaction does not involve any related party transactions, ensuring the contract is executed at “arm’s length”. Furthermore, no promoter or promoter group companies have any reported interest in the awarding entity.
Source: BSE
