Waaree Renewable Share Price in Focus After Securing ₹1,252 Crore EPC Order for 1,218 MWp Solar Project

Waaree Renewable Technologies Limited has secured a significant Engineering, Procurement and Construction (EPC) contract valued at approximately ₹1,252.43 crore (excluding taxes). The Letter of Award (LOA) was received on September 9, 2025, at 10:42 a.m. from Waaree Forever Energies Private Limited, a domestic entity and a subsidiary of its holding company.

Massive 1,218 MWp Solar Project Awarded to Waaree Renewable

The project involves turnkey EPC execution for an 870 MWac / 1,218 MWp grid-connected ground mount solar power project. The scope of work includes the development of a 33kV/400kV substation, transmission line infrastructure, and 2 years of Operation and Maintenance (O&M) services. Scheduled for completion in FY 2026-27, the project is subject to standard statutory approvals.

This contract solidifies Waaree Renewable's presence in the high-capacity solar infrastructure segment, contributing to India’s clean energy goals while enhancing the company’s project portfolio and revenue pipeline.

Contract Details and Relationship Disclosure

The awarding entity, Waaree Forever Energies Private Limited, is a related party as it is a subsidiary of the holding company. The transaction has been confirmed to be at arm’s length and in compliance with SEBI’s regulatory norms.

The nature of the order is commercial, and it reinforces Waaree Renewable’s role as a key EPC player in the domestic renewable energy market.

Read More: Waaree Energies Board Approves to Acquire 64% Stake in Kotsons for ₹192 Crore!

Waaree Renewable Technologies Share Price Performance

On September 9, 2025, Waaree Renewable Technologies share price opened at ₹1,019.00 on NSE, above the previous close of ₹1,012.80. During the day, it surged to ₹1,062.80 and dipped to ₹1,009.00. The stock is trading at ₹1,034.50 as of 12:34 PM. The stock registered a significant gain of 2.14%.

Over the past week, it has moved up by 0.78%, over the past month, it has moved up by 3.60%, and over the past 3 months, it has moved up by 0.13%.

Conclusion

Waaree Renewable Technologies’ new ₹1,252 crore EPC contract marks a major milestone in its growth journey. With a focus on execution, scale, and sustainability, the company continues to lead in India’s renewable energy sector through high-impact projects like this 1,218 MWp solar installation.

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