June 17, 2026
Key Update: Contract Enhancement
Waaree Renewable Technologies Ltd. has received an enhancement in the scope of work under an existing contract. The contract is for the execution of Engineering, Procurement, and Construction (EPC) works for a Solar Power Plant.
Detailed Terms from Annexure A
- Awarding Entity: The order was awarded by one of India's leading Renewable Energy companies. The specific name of the entity is not disclosed.
- Significant Terms: The enhancement is for the execution of EPC work for a Solar power plant of 980 MWp / 700 MWac.
- Entity Jurisdiction: The awarding entity is a domestic company.
- Order Value: The commercial order has been enhanced by ₹30.91 Crore. The total contract value now stands at ₹1,044.69 Crore (inclusive of taxes). It is explicitly stated that all other terms and conditions of the contract remain unchanged from the original award.
- Nature of Order: The order is a Commercial Order.
- Execution Time Period: The time period for execution is to be mutually decided between the parties.
- Aggregate Order Size: The aggregate size of the order remains the same as per the first disclosure submitted on February 20, 2024, which is 980 MWp / 700 MWac.
- Promoter/Group Interest: The company confirms that its promoters, promoter group, or group companies do NOT have any interest in the entity that awarded the order.
- Related Party Transaction: The company confirms that the order does NOT fall within related party transactions.
Timeline and Receipt
The intimation of this contract enhancement was received by the company on June 17, 2026, at 02:30 PM (IST). The letter was digitally signed by Heema Kalpeshkumar Shah, Company Secretary (ACS 52919), on the same date.