Waaree Renewable revises solar project capacity and order value

Waaree Renewable Technologies Limited has informed the stock exchanges of a revision to the capacity and value of a previously announced solar project. The disclosure was made through a regulatory filing dated 8 January 2026. The revision relates to a project award first disclosed on 9 September 2025.

The company stated that it has received a Letter of Award for a revised project capacity of 704 MWac and 1,000 MWp. This is lower than the earlier disclosed capacity of 870 MWac and 1,218 MWp. According to the filing, the revision was made due to grid evacuation constraints and optimisation of direct current overloading.

Following the reduction in capacity, the commercial order value has been proportionately revised. The contract value now stands at Rs 1,039.60 Crore excluding taxes, compared with Rs 1,252.43 Crore earlier. This reflects a reduction of Rs 212.83 Crore.

Waaree Renewable clarified that all other terms of the Work Order remain unchanged. This includes the scope of work, conditions, and pricing structure. The project is scheduled to be completed within the financial year 2026 to 2027.

The order has been awarded by Waaree Forever Energies Private Limited, referred to as WFEPL, which is a subsidiary of the company’s holding group. The transaction has been classified as a related party transaction.

The disclosure has been made under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.