Waaree Renewable Tech bags Rs 103-cr solar EPC order

Waaree Renewable Technologies informed that it has received a commercial order worth Rs 102.75 crore from one of the largest domestic manufacturers of pig iron, castings and seamless tubes.

The order is for the engineering, procurement and construction (EPC) of a ground-mounted solar power project of 25 MWac/35 MWp on a turnkey basis, along with 50 MW of evacuation infrastructure.

The company said the project is scheduled to be completed in FY27 as per the terms of the order. It added that the order has been awarded by a domestic entity and does not fall under related-party transactions.

Waaree Renewable Technologies, based in Mumbai, is a subsidiary of the Waaree Group and leads the group?s Solar EPC operations. In addition to engineering, procurement, and construction, the company develops, finances, builds, owns, and operates solar power projects as part of its long-term investment approach.

The company?s consolidated net profit surged 117.2% to Rs 116.30 crore on 47.7% jump in net sales to Rs 774.78 crore in Q2 FY26 over Q2 FY25.

Shares of Waaree Renewable Technologies fell 1.89% to Rs 988 on the BSE.

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