Waaree RTL's Solar EPC Contract Value Jumps to ₹1510 Cr! ☀️

Hey there, finance enthusiasts! 👋 Let’s dive into some exciting news from the renewable energy sector. Waaree Renewable Technologies Limited (WAAREERTL) just announced a significant update regarding one of its key projects.

The company has received a “further revised scope of work” for an existing Engineering, Procurement, and Construction (EPC) contract. What does that mean for Waaree RTL? Well, it’s a boost to their bottom line!

This update pertains to a massive ground-mount Solar PV project with a capacity of 2012.47 MWp. While the project’s capacity remains consistent with earlier disclosures, the financial value of the EPC work has seen a healthy increase. The scope of work has been enhanced by an additional ₹29.65 Crore, bringing the total contract value to a whopping ₹1510.06 Crore (excluding taxes). That’s a substantial figure in the renewable energy space! 💰

For those wondering about the client, the contract was awarded by a domestic entity, though the specific name hasn’t been disclosed. Importantly, Waaree RTL has confirmed that there’s no promoter or related-party interest involved in this transaction, and the terms and conditions of the original contract remain unchanged.

As for the project timeline, the execution period will be mutually decided, which is common for large-scale infrastructure projects.

This announcement came in during market hours today, July 30, 2025, at 10:12 a.m. IST. Waaree RTL’s stock (WAAREERTL) was last traded at ₹1040.5, showing a slight dip of 0.5% before market close.

This revised contract value underscores Waaree RTL’s continued momentum in the rapidly expanding Indian solar sector. It’s definitely a development to keep an eye on as the company continues to execute its renewable energy projects! 🚀

source: Corporate Announcement

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