Waaree Renewable Technologies Limited (WAAREERTL) has announced a fresh order win in the renewable energy space, further strengthening its position in India’s growing solar power sector. On January 14, 2026, the company confirmed that it has received a Letter of Award (LOA) for a new ground-mounted solar power project.
Project Scope and Capacity
The contract involves the execution of Engineering, Procurement, and Construction (EPC) works for a ground-mount solar power plant with a capacity of 25 MWac / 35 MWp. The project will be developed on a turnkey basis, covering end-to-end execution from design to commissioning.
In addition to the solar plant, the scope of work also includes evacuation infrastructure for up to 50 MW, ensuring seamless transmission of power from the project site to the grid.
Order Value
The total order value is estimated at ₹102.75 crore, excluding applicable taxes. This order adds meaningful scale to Waaree Renewable Technologies’ EPC portfolio and reflects continued demand from large industrial players for clean energy solutions.
Awarding Entity
The project has been awarded by a domestic company, described as one of India’s largest manufacturers of pig iron, castings, and seamless tubes, highlighting the increasing adoption of renewable energy by energy-intensive industries.
Project Timeline
The solar project is expected to be completed during the financial year 2026–27, aligning with the client’s sustainability and power transition objectives.
Regulatory and Governance Disclosure
WAAREERTL has clarified that the contract is a regular commercial order. The company also confirmed that the transaction does not fall under related-party dealings, and that its promoter group has no interest in the awarding entity, ensuring full compliance with regulatory norms.