Waaree Renewable Tech secures EPC contract for 300 MW solar project

Waaree Renewable Technologies announced that it has received a Letter of Award (LoA) from Sunsational Power Private Limited (SPPL) for the execution of an Engineering, Procurement and Construction (EPC) contract.

The contract pertains to a 300 MW/450 MWp ground-mounted solar power project and includes operation and maintenance (O&M) services for a period of two years.

According to the company, the project is scheduled for completion during FY2026-27, in line with the terms of the contract. The aggregate order size stands at 300 MW/450 MWp.

Waaree Renewable Technologies clarified that SPPL is a subsidiary of the company and that the contract therefore qualifies as a related-party transaction. The company added that its promoter and promoter group entities have an interest in the awarding entity through this subsidiary relationship.

 

Waaree Renewable Technologies (WRTL) is a subsidiary company of the Waaree Group and is spearheading the Solar EPC business. We are also a solar developer that finances, constructs, owns, and operates solar projects. Headquartered in Mumbai, we operate across geographies, focusing on long-term investments within the commercial and industrial customer segments.

The companys consolidated net profit surged 124.74% to Rs 120.19 crore in Q3 FY26 as against Rs 53.48 crore in Q3 FY25. Revenue from operations zoomed 136.18% year on year (YoY) to Rs 851.06 crore in Q3 FY26 over Q3 FY25.

The counter slipped 2.04% to Rs 950.65 on the BSE.

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