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Waaree Renewable Technologies Wins 547 Cr. EPC Order for 412 MW Solar Project

Waaree Renewable Technologies Ltd. (Waaree) announced in a stock filing dated 4th February 2024 that it has secured a Letter of Award (LoA) worth Rs. 547.5 crore for developing a 412 MW solar power plant in India. With this order, the company’s unexecuted order book now stands at 1.161 GW.

As per terms of the LoA, Waaree will handle complete Engineering, Procurement, and Construction (EPC) of the solar power plant. Additionally, the company will provide Operation and Maintenance (O&M) services for the project for a period of 2 years at a cost of Rs. 6.798 crore. The project is scheduled to be completed by 31st December 2024.