Waaree Renewable Technologies (WRTL), the engineering, procurement, and construction (EPC) arm of the Waaree Group, has won an EPC contract to execute a 300 MW ground-mounted solar project for an unnamed Indian entity.

WRTL will complete the solar project during the financial year (FY) 2028.

The company has executed 10,000 solar EPC contracts, totaling 3.95 GW in operational capacity. It also provides EPC services for rooftop and floating solar projects.

Last December, WRTL secured a letter of award from an undisclosed Indian customer for the EPC of a 28.6 MW ground-mounted solar project on a turnkey basis. The contract is valued at approximately ₹965 million (~$10.74 million). Waaree will execute this order during FY 2027.

In October 2025, the company secured a letter of award for the EPC of a 150 MW ground-mounted solar project from an undisclosed renewable energy company for approximately ₹1.56 billion (~$17.81 million).

This January, WRTL announced the acquisition of approximately a 55% equity stake in power transmission and distribution company Associated Power Structures for a total consideration of around ₹12.25 billion (~$133.6 million). The acquisition is expected to be completed by April 30, 2026.

WRTL reported a consolidated revenue from operations of ₹8.51 billion (~$94.27 million) for the third quarter of the financial year 2026, a 136.18% year-over-year increase from ₹3.60 billion (~$39.93 million).

The company’s unexecuted EPC order book stood at a robust 2.92 GW, providing revenue visibility over the next 12–15 months, supported by a bidding pipeline of around 29 GW. During the quarter, the board also approved an 80 MW solar power park in Maharashtra, reinforcing its expansion strategy.

In June 2025, the company received a letter of award from Purvah Green Power for the EPC of a 300 MW solar power project in Bikaner, Rajasthan. The project’s contract value is ₹3.46 billion (~$38.34 million). The project is expected to be executed within the current financial year.