Waaree Renewable's Solar EPC Order Value Rises to ₹1,480 Crore After Scope Expansion

20 Jun 2025 , 09:00 PM

Waaree Renewable Technologies Ltd (WRTL) announced on Friday that the value of its existing solar EPC (Engineering, Procurement, and Construction) contract has been increased by ₹246.92 crore, bringing the total order size to ₹1,480.40 crore.

The scope of the project covers a 2,012.47 MWp ground-mounted solar PV plant, and despite the revised valuation, the original terms and conditions of the contract remain unchanged. In a filing with the stock exchanges dated June 20, 2025, the company confirmed that the upward revision in scope has been formally communicated and accepted under the existing agreement.

The solar project is being developed for a domestic client, although the name has not been disclosed. The timeline for execution will be mutually decided between the two parties going forward. The original announcement regarding this large-scale solar EPC order was made in November 2024, when Waaree first disclosed it had secured the commercial agreement.

Waaree Renewable Technologies Limited further clarified that this order does not involve any related party transactions, and neither the company’s promoters nor affiliated group entities have any financial interest in the client organization.

In the National Stock Exchange, shares of Waaree Renewable Technologies Ltd closed at ₹986.90 which is a 4.63% gain on June 20, 2025. Waaree Renewable Technologies Ltd shares have gained 15% in the last year and in the year-to-date, and a 2.94% dip in the last month.

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