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Waaree Renewable Technologies Secures EPC Order for 28.60 MW Solar Power Project

Waaree Renewable Technologies has secured an INR 96.51 crore Letter of Award for turnkey EPC execution of a 28.60 MWac/39.80 MWp ground-mounted solar power project, slated for completion in FY 2026–27.

January 01, 2026. By Mrinmoy Dey

Waaree Renewable Technologies (Waaree RTL) has announced that the company has received a Letter of Award (LoA) worth INR 96.51 crore for the execution of engineering, procurement and construction (EPC) works of a 28.60 MWac/39.80MWp ground-mounted solar power project, on a turnkey basis.

The project is scheduled to be completed during the financial year 2026-27, the company stated in a regulatory filing.

In October 2025, the company secured an EPC contract worth INR 156.66 crore for a 150 MWac/217.5 MWp ground-mounted solar power project, slated for completion in FY 2026–27.

In September 2025, the company bagged an EPC order worth INR 1,252.43 crore from Waaree Forever Energies for an 870 MWac/1,218 MWp grid-connected solar power project, including substation, transmission line, and O&M services for two years.

In July 2025, Waaree Renewable Technologies secured an INR 26.17 crore EPC contract for a 21 MW AC/29.4 MW DC ground-mounted solar power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0.

In June 2025, the company bagged solar EPC order worth INR 346.33 crore to develop ground-mounted solar power project with an aggregate capacity of 300 MW AC/435 MW DC.

In May 2025, the company secured 94 MW AC/131.6 MW DC ground-mounted solar power project worth INR 114.23 crore from a renewable energy generation company under MSKVY 2.0. 

In Q2 FY26, the company reported its highest ever quarterly revenue of INR774.78 crore, compared to INR 524.47 crore in Q2 FY25, delivering a growth of 47.73 percent.

“India’s solar EPC sector is also rapidly evolving and our integrated capabilities place us at the forefront of this transformation. With a robust solar EPC unexecuted orderbook of 3.48 GWp, we are strategically positioned to execute large-scale, integrated energy projects and lead India’s energy transition by serving value across the lifecycle from design and delivery to commissioning and O&M. Further the company is also building substation and transmission line for specific solar power project,” stated Manmohan Sharma, CFO, Waaree Renewable Technologies, in a statement issued post the announcement of Q2 FY26 result.

The company’s unexecuted order book stands at 3.48 GWp to be executed between 12-15 months and has a bidding pipeline of about 27 GWp, it said.
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