Waaree Renewable Technologies wins 285 MWp solar EPC project

Detailed summary

Waaree Renewable Technologies has signed a work order for a 285 MWp solar project from a leading independent power producer, with execution scheduled for FY28.

Waaree Renewable Technologies Ltd, the engineering, procurement and construction (EPC) arm of the Waaree Group, has signed a work order for a 285 MWp solar power project from a leading independent power producer (IPP).

In a regulatory filing dated November 7, the company said it had received the work order on November 6 at 6:40 pm. The domestic commercial order involves EPC works for the solar power project, which is scheduled to be completed during FY28.

The company did not disclose the financial value of the contract. It also clarified that the promoter group has no interest in the entity awarding the order and that the contract does not fall under related-party transactions.

The order win comes against the backdrop of mixed profitability trends in the September quarter. Waaree Renewable Technologies reported a 30% year-on-year decline in net profit to ₹82 crore for Q2 FY27, compared…

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