Rs 49,000 crore order book: Solar EPC company receives order worth Rs 156.66 crore from a Leading Renewable Energy Company

Waaree Renewable Technologies Limited (WRTL), a leading Solar EPC company, has been awarded a significant Letter of Award (LOA) by a leading domestic renewable energy company for the execution of an Engineering, Procurement, and Construction (EPC) project. The contract is for the development of a Ground Mount Solar Power Project with a capacity of 150 MWac/ 217.5 MWp and is valued at approximately Rs 156.66 crore (excluding Taxes). This major domestic project is scheduled to be completed by WRTL during the financial year 2026-2027.

About the Company

Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Group, specialises in Solar EPC (Engineering, Procurement, and Construction) and acts as a solar developer. Based in Mumbai, WRTL finances, constructs, owns, and operates solar projects, primarily focusing on long-term investments within the commercial and industrial sectors. The company aims to provide clean energy solutions by setting up on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants), thereby helping clients reduce carbon emissions and contributing to the growing renewable energy market.

The company has a market cap of over Rs 13,000 crore and has delivered good profit growth of 143 per cent CAGR over the last 5 years. The company’s Order Book as of September 30, 2025, stands at Rs 25+ GW or Rs 49,000 crore. The shares of the company have an ROE of 65 per cent and an ROCE of 85 per cent. The stock gave multibagger returns of 400 per cent in just 2 years, 1,240 per cent in 3 years and a whopping 37,300 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.