Waaree Renewable Technologies Ltd Share Price – NSE /  BSE

Power Infrastructure, Small Cap

The revised order pertains to the execution of Engineering, Procurement and Construction (EPC) works for a solar power project with a capacity of 980 MWp / 700 MWac. Following the enhancement, the contract value has increased by Rs 30.91 crore, taking the total order size to Rs 1,044.69 crore, inclusive of taxes.

The company clarified that while the commercial value of the contract has increased, the aggregate project capacity remains unchanged at 980 MWp / 700 MWac, as originally disclosed on 20 February 2024. All other terms and conditions of the contract remain unchanged. The execution timeline will be mutually decided between the parties.

WRTL further stated that the contract does not qualify as a related-party transaction and that neither the company's promoters nor promoter group entities have any interest in the awarding entity.

The company clarified that the contract does not constitute a related-party transaction and that neither its promoters nor promoter group entities have any interest in the award.

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.

On the financial front, the company reported a 66.02% year-on-year increase in consolidated net profit to Rs 155.74 crore for the quarter ended March 2026, compared with Rs 93.81 crore in the corresponding quarter of the previous year. Consolidated revenue from operations surged 131.31% to Rs 1,102.40 crore from Rs 476.58 crore reported in the quarter ended March 2025.

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Waaree Renewable Technologies has received an enhancement in the scope of work under the existing contract for the execution of Engineering, Procurement, and Construction (EPC) works for a Solar Power Plant of 980 MWp / 700 MWac. The scope of the commercial order has been enhanced by Rs. 30.91 crore totalling to Rs. 1,044.69 crore (Inclusive of taxes).

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 company?s 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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Waaree Renewable Technologies has signed Letter of Award of the execution of Engineering, Procurement and Construction (EPC) contract for 300MW/450MWp Ground Mount Solar project with Two years of operation and maintenance services from its wholly-owned subsidiary.