Core Announcement – Order Details
Awarding Entity: Solaris Horizon Energy Private Limited (SHEPL)
Domestic/International Order: Domestic Entity
Nature of Order/Contract:
Turnkey Contract for execution of Engineering, Procurement and Construction (EPC) works for 210MWp (150MWac) grid connected Ground Mount Solar Project with two years of operation and maintenance services. The order is classified as a Commercial Order.
Order Value:
Not Specified (disclosed only as aggregate order size of 210MWp/150MWac)
Materiality Context:
Not Specified
Execution Timeline:
The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order.
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
Yes. SHEPL is the step-down subsidiary company of Waaree Energies Limited. The transaction is confirmed to be done at "arm's length".
Promoter Group Involvement:
Yes. The awarding entity (SHEPL) is a step-down subsidiary of Waaree Energies Limited, which is the parent company of Waaree Renewable Technologies Limited.
Financial Implication:
Not Specified