The commercial order has been enhanced from Rs 90.29 crore to Rs 102.93 crore (exclusive of taxes), an increase of Rs 12.64 crore, with all other terms and conditions of the contract remaining unchanged.

Originally planned at 30 MWp, the project is now scheduled for completion in FY 2026-27. The company confirmed that neither its promoters nor promoter group have any interest in the entity awarding the order, and the contract does not qualify as a related party transaction.

Waaree Renewable Technologies, based in Mumbai, is a subsidiary of the Waaree Group and leads the group’s Solar EPC operations. In addition to engineering, procurement, and construction, the company develops, finances, builds, owns, and operates solar power projects as part of its long-term investment approach.

The company’s consolidated net profit surged 117.2% to Rs 116.30 crore on 47.7% jump in net sales to Rs 774.78 crore in Q2 FY26 over Q2 FY25.

Shares of Waaree Renewable Technologies rose 0.70% to Rs 952.10 on the BSE.