Waaree Renewable Technologies Ltd’s Solar EPC Contract Enlarged by ₹272.2 Crore, Now Worth ₹1,018 Crore

Waaree Renewable Technologies Ltd announced a significant enhancement in the scope of its existing solar EPC contract, upping the order value from approximately ₹746 crore to ₹1,018 crore. This extension reflects expanding project requirements, including additional solar capacity and infrastructure components.

The contract is for the turnkey development of a large-scale ground-mounted solar photovoltaic project. Waaree’s responsibilities cover comprehensive engineering, procurement of solar modules and balance-of-plant materials, construction, installation, and commissioning.

This enhanced contract highlights Waaree’s growing leadership in India’s fast-expanding renewable energy market. The company continues delivering robust execution capabilities and is aligned with national goals for substantial solar capacity addition by 2030.

Senior company executives emphasized their commitment to excellence in project delivery, aiming to maximize energy efficiency through sophisticated technology such as horizontal single-axis trackers and bifacial modules.

The augmented EPC contract will drive further revenue growth and strengthen Waaree’s position as a key player in the renewable energy infrastructure segment.

Key Highlights

EPC contract value increased by ₹272.2 crore, now totaling ₹1,018 crore

Turnkey solar power project with enhanced capacity and infrastructure

Involves engineering, procurement, construction, and commissioning

Use of advanced tech such as single-axis trackers and bifacial modules

Reinforces Waaree’s leadership in India’s rapidly growing solar market

Supports India's renewable energy targets for 2030

Anticipated boost in revenue and market standing for Waaree

Sources: Waaree Renewable Technologies Ltd official website, Moneycontrol, AngelOne, Economic Times