Waaree Renewable gains after securing additional Rs 31 crore under existing solar EPC order
Mumbai, June 18 -- 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 tr...
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