Waaree Renewable secures 704 MWAC solar project; order value revised to ₹10.4 billion

Waaree Renewable Technologies Ltd announced that it has received a Letter of Award (LoA) for a 704 MWAC solar project, reinforcing its leadership in India’s renewable energy sector. The project, one of the largest in its portfolio, is expected to contribute meaningfully to the country’s clean energy transition.

The company clarified that the commercial order value has been revised from ₹12.52 billion to ₹10.4 billion, aligning with updated contractual terms and execution parameters. Despite the reduction, the award strengthens Waaree’s order book and enhances visibility for revenue generation in upcoming quarters.

Key Highlights

• Project size: 704 MWAC solar project
• Order value: Revised from ₹12.52 billion to ₹10.4 billion
• Strategic impact: Strengthens order pipeline and revenue visibility
• Sectoral relevance: Supports India’s renewable energy expansion goals
• Execution outlook: Delivery expected to span multiple phases over upcoming quarters

Sources: BSE Corporate Filing; Waaree Renewable Technologies Ltd Announcement