Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, has disclosed receipt of a Letter of Award (LOA) for execution of Engineering, Procurement and Construction (EPC) works for a ground-mounted Solar PV project. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Project Details
- Project Capacity: 124 MWp (88 MWac) solar PV project
- Nature of Work: Engineering, Procurement and Construction (EPC)
- Project Type: Ground-mounted solar installation
- Awarding Entity: Domestic renewable energy solutions company (name not disclosed)
- Order Type: Commercial order
- Geographic Scope: Domestic (India)
Execution Timeline
The project is scheduled to be completed during the financial year 2026-27, as per the terms of the order.
Contract Considerations
The order size is specified as 124 MWp (88 MWac), though the financial value of the contract is not disclosed in the filing.
Related Party Considerations
The company confirms that:
- The promoter/promoter group/group companies have no interest in the entity that awarded the order
- The order does not constitute a related party transaction
- The transaction is not required to be conducted at "arm's length" as it doesn't involve related parties
Timeline of Events
- Award Receipt Date: August 10, 2026, at 10:08 am (IST)
- Disclosure Date: August 10, 2026