Waaree Renewable Technologies Ltd announced that it has received a “term sheet” for the engineering, procurement, and construction (EPC) of a large-scale ground-mounted solar photovoltaic (PV) project with a capacity of 2012.47 MWp DC. The estimated value of the project stands at ₹1,233.5 crore (excluding taxes). The timeline for completing the project will be determined in agreement with the involved parties.
In a regulatory filing, the company stated, “We are pleased to inform you that Waaree Renewable Technologies Ltd has received a term sheet for executing EPC works for a ground-mounted solar PV project with a capacity of 2012.47 MWp DC.”
The announcement follows a strong financial performance for Waaree Renewable Technologies in the September quarter, where the company reported a consolidated net profit of ₹53.51 crore, nearly three times the ₹20.54 crore recorded in the same period last year. Total income also surged to ₹527.86 crore from ₹150.93 crore, reflecting the company’s robust growth trajectory.
Waaree Renewable Technologies Limited, a prominent player in the renewable energy sector, specializes in providing cutting-edge solar energy solutions. As part of the Waaree Group, the company is at the forefront of driving India’s transition toward clean and sustainable energy.
Waaree offers a diverse portfolio, including solar modules, rooftop solutions, EPC services, and innovative solar energy products, catering to residential, commercial, and industrial clients. With state-of-the-art manufacturing facilities and a commitment to quality and innovation, the company exports its products to over 68 countries. The company is recognized for its efforts in promoting green energy, contributing to India’s renewable energy targets, and enabling businesses and communities worldwide to adopt sustainable practices.
