The project will be executed on an EPC basis and is scheduled to be completed during FY27, the company said in a regulatory filing.

The order has been awarded by a domestic entity and is classified as a commercial order.

Waaree Renewable Technologies further said that WFEPL is a subsidiary of its holding company and the transaction falls under related-party transactions.

Waaree Renewable Technologies (WRTL) is a subsidiary company of the Waaree Group and is spearheading the Solar EPC business. We are also a solar developer that finances, constructs, owns, and operates solar projects. Headquartered in Mumbai, we operate across geographies, focusing on long-term investments within the commercial and industrial customer segments.

The company’s consolidated net profit surged 124.74% to Rs 120.19 crore in Q3 FY26 as against Rs 53.48 crore in Q3 FY25. Revenue from operations zoomed 136.18% year on year (YoY) to Rs 851.06 crore in Q3 FY26 over Q3 FY25.

Shares of Waaree Renewable Technologies shed 0.68% to close at Rs 936 on the BSE.