Latest news with #WRTL
Business Standard
2 days ago
- Business
- Business Standard
Waaree Renewable Tech's solar EPC order value rises by Rs 247-cr to Rs 1,480-cr
Waaree Renewable Technologies announced that the value of its existing solar engineering, procurement, and construction (EPC) order has been revised upward by Rs 246.92 crore, bringing the total order value to Rs 1,480.40 crore. The order pertains to a 2,012.47 megawatt peak (MWp) ground-mounted solar PV project, and all existing terms and conditions of the original contract remain unchanged. In a regulatory filing, the company confirmed it received the revised scope of work under the same contract on June 20, 2025. The project continues to be executed for a domestic entity. The project execution timeline is expected to be decided mutually. This enhancement in scope follows Waarees original announcement in November 2024 about securing the commercial contract for the large-scale renewable energy project. The company clarified that the contract does not fall under related party transactions and that the promoters or group companies have no vested interest in the client entity. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The companys consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The scrip rallied 4.37% to settle at Rs 984.80 on Friday, 20 June 2025.
Mint
03-06-2025
- Business
- Mint
Waaree Renewable Technologies secures solar project order worth ₹345 crore in Rajasthan
New Delhi, Jun 3 (PTI) Waaree Renewable Technologies Ltd (WRTL) on Tuesday announced securing a solar project worth ₹ 345 crore in Rajasthan from a prominent domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025-26, the company said. WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order, valued at more than ₹ 345 crore, was awarded by a prominent domestic renewable energy generation company, the company said, without disclosing any further details. "This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future," said Sunil Rathi, Executive Director, WRTL. The scope of work includes engineering, procurement, construction and commissioning of the solar plant, along with the development of a 33/220 kV pooling substation. The project will also feature advanced robotic cleaning systems to ensure high performance and reduce long-term operations and maintenance (O&M) costs. Waaree Renewable Technologies said it has received a letter of award for setting up a solar power project under Mukhyamantri Saur Krushi Vahini Yojana-2.0 for ₹ 114.23 crore from a leading renewable energy firm. The project is scheduled to be completed in 2025-26 as per the terms of the order, a regulatory filing said. The company has been awarded the Letter of Award for the execution of engineering, procurement and construction works of the solar power project including operation and maintenance (O&M) of 94 MW AC/131.6 MW DC capacity. The order value is approximately ₹ 114.23 crore. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0. Waaree Renewable Technologies Ltd (WRTL) posted about 83 per cent rise in its consolidated net profit to ₹ 93.76 crore in the March quarter on account of higher income. It had reported a net profit of ₹ 51.31 crore in the January-March period of the preceding 2023-24, the company said in an exchange filing. The company's total income rose to ₹ 481.43 crore from ₹ 275.35 crore in the same quarter a year ago. Its expenses stood at ₹ 356.25 crore against ₹ 203.27 crore in the year-ago quarter.
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Business Standard
03-06-2025
- Business
- Business Standard
Waaree Renewable Technologies bags Rs 345 cr solar project in Rajasthan
Waaree Renewable Technologies Ltd (WRTL) on Tuesday announced securing a solar project worth Rs 345 crore in Rajasthan from a prominent domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025-26, the company said. WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order, valued at more than Rs 345 crore, was awarded by a prominent domestic renewable energy generation company, the company said, without disclosing any further details. "This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future," said Sunil Rathi, Executive Director, WRTL. The scope of work includes engineering, procurement, construction and commissioning of the solar plant, along with the development of a 33/220 kV pooling substation. The project will also feature advanced robotic cleaning systems to ensure high performance and reduce long-term operations and maintenance (O&M) costs. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
03-06-2025
- Business
- Mint
Waaree Renewable Technologies secures solar project order worth ₹345 crore in Rajasthan
New Delhi, Jun 3 (PTI) Waaree Renewable Technologies Ltd (WRTL) on Tuesday announced securing a solar project worth ₹ 345 crore in Rajasthan from a prominent domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025-26, the company said. WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order, valued at more than ₹ 345 crore, was awarded by a prominent domestic renewable energy generation company, the company said, without disclosing any further details. "This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future," said Sunil Rathi, Executive Director, WRTL. The scope of work includes engineering, procurement, construction and commissioning of the solar plant, along with the development of a 33/220 kV pooling substation. The project will also feature advanced robotic cleaning systems to ensure high performance and reduce long-term operations and maintenance (O&M) costs. Waaree Renewable Technologies said it has received a letter of award for setting up a solar power project under Mukhyamantri Saur Krushi Vahini Yojana-2.0 for ₹ 114.23 crore from a leading renewable energy firm. The project is scheduled to be completed in 2025-26 as per the terms of the order, a regulatory filing said. The company has been awarded the Letter of Award for the execution of engineering, procurement and construction works of the solar power project including operation and maintenance (O&M) of 94 MW AC/131.6 MW DC capacity. The order value is approximately ₹ 114.23 crore. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0. Waaree Renewable Technologies Ltd (WRTL) posted about 83 per cent rise in its consolidated net profit to ₹ 93.76 crore in the March quarter on account of higher income. It had reported a net profit of ₹ 51.31 crore in the January-March period of the preceding 2023-24, the company said in an exchange filing. The company's total income rose to ₹ 481.43 crore from ₹ 275.35 crore in the same quarter a year ago. Its expenses stood at ₹ 356.25 crore against ₹ 203.27 crore in the year-ago quarter. Waaree Renewable Technologies Limited (WRTL) is an arm of Waaree Energies.
Time of India
03-06-2025
- Business
- Time of India
Waaree Renewable Technologies bags ₹345 crore order for 300 MW solar project in Rajasthan
New Delhi: Waaree Renewable Technologies Limited (WRTL) has secured an EPC order exceeding ₹345 crore for the turnkey execution of a 300 MW AC / 435 MW DC ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order was awarded by a domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025–26. The scope of the contract includes design, engineering, procurement, construction, testing, and commissioning of the project. It also includes the development of a 33/220kV pooling substation. The project will integrate robotic cleaning systems for improved plant performance and to reduce long-term operations and maintenance costs. 'This project is a testament to our robust technical expertise and proven execution strength,' Sunil Rathi, Executive Director, WRTL, said in a statement. 'We are honored to have been bestowed with a project of this magnitude and strategic importance. This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future.' WRTL has executed over 2.8 GW of solar EPC installations and is currently handling an additional 4.4 GW of projects across India.
