Waaree Renewable Technologies Ltd has secured a (LoA)

Project & Pipeline Highlights Project Scope: Turnkey EPC execution for a 291 MWp ground-mounted solar PV installation paired with a 280 MWh Battery Energy Storage System (BESS). Financial terms were not disclosed. Order Book Visibility: This win further fortifies the company's robust unexecuted order book, which stood at over ₹5,300 crore at the end of the June quarter. Active Bidding Pipeline: The firm is actively pursuing future growth avenues, evaluating over 37 GWp of solar projects, 10 GWh of BESS projects, and ₹20,000 crore in Transmission and Distribution (T&D) opportunities. Q1 Financial Performance Metric Reported Value YoY Growth Revenue from Operations ₹924 Crore +53% EBITDA ₹173 Crore +48% Net Profit Not specified +34% EBITDA Margin 18.8% Contracted from 19.5% Strategic Diversification Beyond its core solar EPC business, Waaree is aggressively scaling its integrated energy solutions capabilities. The recent acquisition of a 55% stake in Associated Power Structures Pvt Ltd bolsters the company's in-house expertise in the T&D sector, enabling more comprehensive, end-to-end project execution for grid-scale clients. Following the announcement on August 28, 2026, shares of Waaree Renewable Technologies saw positive market reception, advancing 0.58% to trade at ₹880 on the ***** Renewable Technologies Ltd has secured a Letter of Award