Mumbai, Sept. 9 -- The order, valued at approximately Rs 1,252.43 crore, has been awarded by Waaree Forever Energies, a subsidiary of the holding company. The turnkey Engineering, Procurement and Construction (EPC) contract includes the setup of a grid-connected ground mount solar power project, a 33kV/400kV substation, transmission line works, and two years of operations and maintenance services.

The project is scheduled for completion in the financial year 2026-27, subject to statutory approvals. The order qualifies as a related party transaction, being awarded by its group company, but has been undertaken at arm's length.

Waaree Renewable Technologies, based in Mumbai, is a subsidiary of the Waaree Group and leads the group's Solar E...