EPC Contract
Waaree Renewable Technologies Secures EPC Awards for 800 MWac / 1,082 MWp Solar PV Projects
NSE
WAAREERTL
BSE
534618
- Waaree Renewable Technologies Limited (WRTL) has received two Letters of Award (LoAs) from one of India’s leading renewable energy companies for the Engineering, Procurement and Construction (EPC) of two ground-mounted Solar PV plants aggregating 800 MWac / 1,082 MWp.
- The domestic commercial projects are scheduled for completion during FY2027-28, strengthening the company’s EPC execution pipeline in the utility-scale solar segment.
PRICE-SENSITIVE TRIGGER
Event: Waaree Renewable Technologies received two Letters of Award for EPC execution of 800 MWac / 1,082 MWp Solar PV projects.
Type: EPC Contract
Impact: Positive
Immediate Effect: The awards expand the company’s utility-scale solar EPC order pipeline and provide execution visibility through FY2027-28.
Metrics:
Key Contract Metrics:
- Project Capacity: 800 MWac / 1,082 MWp
- Project 1: 400 MWac / 530 MWp
- Project 2: 400 MWac / 552 MWp
- Order Type: Domestic Commercial EPC Order
- Execution Timeline: FY2027-28
- Awarding Entity: One of India’s leading renewable energy companies
Highlight:
- 800 MWac / 1,082 MWp awarded across two Solar PV projects.
What Happened ?
Waaree Renewable Technologies informed the stock exchanges that it has received two Letters of Award for executing Engineering, Procurement and Construction works for two ground-mounted Solar PV plants.
Together, the projects comprise 800 MWac / 1,082 MWp of installed capacity and will be executed for a domestic renewable energy company. The company received the LoAs on 25 July 2026.
key details
EPC Solar Project Awards:
- The company received two Letters of Award covering EPC execution for two ground-mounted Solar PV plants with capacities of 530 MWp and 552 MWp, respectively.
- The combined project size is 800 MWac / 1,082 MWp, making it a significant addition to Waaree Renewable Technologies’ utility-scale EPC portfolio.
- Both contracts have been awarded by one of India’s leading renewable energy companies and are classified as domestic commercial orders.
- The projects are scheduled to be completed during FY2027-28, in accordance with the contractual terms specified in the Letters of Award.
- The company confirmed that the promoter, promoter group and group companies have no interest in the awarding entity and that the contracts do not constitute related-party transactions.
Note:
- The filing does not disclose the financial value of the contracts or project locations.
- The announcement is limited to project capacity, execution scope and regulatory disclosures.
Risk Analysis
Summary:
- Execution of the projects within the scheduled timeline remains the key operational factor, while the company has not disclosed the contract value.
Key Risks:
- The financial consideration for the contracts has not been disclosed in the filing.
- Revenue recognition will depend on project execution milestones through FY2027-28.
- Large EPC projects remain subject to execution, procurement and scheduling risks.
- Any delay in project execution could postpone completion beyond the planned financial year.
Worst Case:
- Execution delays could defer project completion and the associated revenue recognition beyond FY2027-28.
Risk Level: Low
Company Commentary
- Received two Letters of Award for EPC execution of ground-mounted Solar PV plants aggregating 800 MWac / 1,082 MWp.
- Projects have been awarded by one of India’s leading renewable energy companies.
- Both projects are scheduled for completion during FY2027-28.
- The orders are domestic commercial contracts and are not related-party transactions.
Official Exchange Filing: Waaree Renewable Technologies Limited
