Waaree Renewable Technologies Limited (WRTL) has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works for a 291 MWp ground-mounted Solar PV project along with a 280 MWh Battery Energy Storage System (BESS). The company disclosed the award to the stock exchanges on August 28, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the company’s regulatory filing submitted to the National Stock Exchange of India Limited and BSE Limited, the order has been awarded by one of India’s thermal power generating companies. The filing does not identify the awarding company by name. WRTL has classified the order as a domestic commercial order.
The EPC award covers the development of a 291 MWp ground-mounted Solar PV project along with a 280 MWh BESS. The company has disclosed the project scope through these capacity figures, while the monetary value of the order has not been provided in the regulatory announcement.
LOA Received on August 28
WRTL stated that it received the intimation and Letter of Award on August 28, 2026, at 12:21 PM IST. The company subsequently made the required disclosure to the stock exchanges in accordance with applicable regulatory requirements.
The regulatory filing provides details of the order, including its nature, classification, awarding entity and expected completion period. The disclosure also sets out information regarding the relationship between WRTL and the entity awarding the contract.
The order has been classified as a domestic commercial order, with the EPC scope covering both the Solar PV generation facility and the associated battery storage system.
Order Awarded by Thermal Power Generating Company
The awarding entity is identified in WRTL’s filing as “one of India’s Thermal Power Generating Company.” The company has not disclosed the name of the entity in the regulatory announcement.
WRTL has stated that the promoter, promoter group and group companies have no interest in the entity awarding the order. The company has also confirmed that the transaction does not fall under related-party transactions.
The disclosure therefore establishes the domestic and commercial nature of the order while providing no further identification of the customer.
291 MWp Solar PV and 280 MWh BESS
The project consists of a 291 MWp ground-mounted Solar PV facility and a 280 MWh Battery Energy Storage System. Both components form part of the EPC works awarded to WRTL.
The regulatory filing specifies the Solar PV capacity in MWp and the storage capacity in MWh. It does not provide additional technical specifications for the BESS, including its power rating, battery chemistry, storage duration, technology provider or operating configuration.
Similarly, the filing does not identify the project location or provide details regarding the expected electricity generation from the Solar PV facility.
Accordingly, the project scope disclosed by WRTL is limited to the capacity and EPC information provided in the regulatory announcement.
Completion Scheduled for FY 2027–28
According to the terms of the order disclosed by WRTL, the project is scheduled for completion during financial year 2027–28.
The company has not provided a specific commissioning date or a detailed project execution schedule in the filing. The announced timeline therefore establishes FY 2027–28 as the stated completion period for the EPC works.
The regulatory disclosure also does not state the financial value of the contract. As a result, the monetary contribution of the award cannot be determined from the official announcement.
Regulatory Disclosure
WRTL submitted the announcement to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI Listing Regulations.
The communication was signed by Heema Shah, Company Secretary of Waaree Renewable Technologies Limited.
The filing formally records the receipt of the LOA and provides the principal details of the contract, including the nature of the order, project capacities, classification of the transaction and expected completion period.
The disclosure confirms that WRTL has been awarded EPC works covering a 291 MWp ground-mounted Solar PV project and a 280 MWh BESS by a domestic thermal power generating company.
Project Scope and Timeline
Under the awarded EPC scope, WRTL will execute works associated with the specified Solar PV and battery storage project. The Solar PV component has a capacity of 291 MWp, while the BESS component has an energy capacity of 280 MWh.
The project is scheduled for completion in FY 2027–28, according to the terms stated in the company’s disclosure.
The announcement does not provide the name of the awarding company, project location, contract value or further technical details of the BESS. These details have therefore not been included beyond what is stated in the official regulatory filing.
The company has also confirmed that the order is not a related-party transaction and that its promoter, promoter group and group companies have no interest in the awarding entity.
With the August 28 disclosure, Waaree Renewable Technologies has formally announced the EPC award for the combined Solar PV and battery storage project. The regulatory filing establishes the project’s 291 MWp Solar PV and 280 MWh BESS scope, its domestic commercial classification and the FY 2027–28 completion timeline.
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