Waaree Renewable Technologies Limited has received a Letter of Award (LOA) for execution of Engineering, Procurement and Construction (EPC) works for a ground-mounted Solar PV project. The project comprises 291 MWp of solar capacity and 280 MWh of Battery Energy Storage System (BESS).
The award was received from a domestic thermal power generating company, though the specific entity name was not disclosed. The order is classified as a commercial order and is entirely domestic in nature.
Key Project Details
- Project Type: Ground-mounted Solar PV with Battery Energy Storage System
- Capacity: 291 MWp solar PV + 280 MWh BESS
- Execution Timeline: Scheduled for completion during financial year 2027-28
- Order Type: EPC (Engineering, Procurement and Construction)
- Award Entity: Domestic thermal power generating company
Corporate Governance Aspects
The company confirmed 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 is not a related party transaction
Timing
The Letter of Award was received on August 28, 2026, at 12:21 pm (IST).
Financial Impact
The disclosure does not quantify the monetary value or financial impact of the order. The size is indicated by the capacity metrics (291 MWp solar PV and 280 MWh BESS) rather than monetary terms.