Waaree Renewables secures ₹740 crore of solar EPC order for 125 MWAC project

On Tuesday, Waaree Renewables declared that a consortium of three firms, with the involvement of the company, has secured ₹740 crores of solar EPC order for a 125 MWAC project.

According to the regulatory filing, the 125 MWAC project is set to be completed within 18 months of signing the contract.

The company signed a contract for an Engineering, Procurement, and Construction (EPC) order worth ₹740 crores from the well-known power distribution company. Along with a consortium of three firms, one of the member WAAREERTL has secured the contract of EPC for a 125 MWAC project, which includes turnkey execution and operation and maintenance.

Waaree renewables declared that in the previous year, it secured a term sheet to work on the EPC project for a ground-mounted solar PV project with a capacity of 2012.47 MWp DC.

The estimated cost of the project is around ₹1,233.50 crore. This project comprises the development and execution of a large-scale renewable energy project.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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