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Waaree Renewable Technologies Order Value Raised to Rs. 1,480.40 Crore

Synopsis:

Waaree Renewable Technologies Ltd has received a Rs. 246.92 crore upward revision on its 2,012.47 MWp solar EPC project, raising the total order value to Rs. 1,480.40 crore.


Waaree Renewable Technologies Ltd (WRTL) has announced an upward revision in the value of its ongoing solar EPC project. The revised contract adds Rs. 246.92 crore to the previous order, taking the total contract value to Rs. 1,480.40 crore. This large-scale order pertains to a 2,012.47 megawatt peak (MWp) ground-mounted solar photovoltaic project currently underway for a domestic client.

The revised scope was confirmed in a regulatory filing dated 20 June 2025. Importantly, all existing terms of the contract remain unchanged, and the project does not involve any related party transactions.

Also read: HAL Wins Rs. 511 Crore SSLV Tech Deal from ISRO for Rocket Launches

WAAREE RENEWABLE TECH LTD

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988.42.50 (0.25 %)

Updated - 23 June 2025
996.00day high
DAY HIGH
972.10day low
DAY LOW
211243
VOLUME (BSE)

Key Takeaways

  • Total project value revised to Rs. 1,480.40 crore

  • Additional scope worth Rs. 246.92 crore added

  • Project capacity remains at 2,012.47 MWp

  • Order continues for a domestic client

  • Waaree Renewable Technologies Ltd share price closed at Rs. 986.90, up 4.63%

Also read: JSW Energy Joins Raigarh Champa Bidding After NCLAT Clears Fresh Round

Project Scope And Financial Overview

The original contract was announced in November 2024, and this revision reflects an expansion in the scope of engineering, procurement, and construction (EPC) responsibilities. The client entity remains undisclosed, but the project is confirmed to be domestic. The execution timeline will be finalised mutually between the parties involved.

Project Details

Parameter

Details

Revised Order Value

Rs. 1,480.40 crore

Increase from Original

Rs. 246.92 crore

Project Type

Ground-mounted solar PV

Project Capacity

2,012.47 MWp

Project Location

India (domestic entity)

Related Party Involvement

None

Market Response And Outlook

Following the announcement, Waaree Renewable Technologies Ltd share price rose 4.63% to close at Rs. 986.90 on the NSE. The revised order strengthens the company’s EPC pipeline and adds momentum to its project execution capabilities.

The boost in project value indicates growing demand for large-scale solar infrastructure in India. As execution progresses, investor focus may remain on timelines, cash flows, and future expansions—factors likely to influence Waaree Renewable Technologies Ltd share price in the near term.

The revised contract also underlines Waaree’s position in India's rapidly scaling renewable energy ecosystem. As large utility-scale projects expand, developments like these will likely continue impacting Waaree Renewable Technologies Ltd share price.

Also read: NLC India Bags LoA for 250 MW Battery Storage Projects in Tamil Nadu

Source: Economic Times

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