Waaree Renewable Technologies Ltd has secured a major EPC contract

Waaree Renewable Technologies Ltd has secured a major EPC contract, strengthening its position in India’s fast-growing solar sector. 📰 Deal Highlights Contract size: 300 MW / 450 MWp with Sunsational Power. Scope: Engineering, Procurement & Construction (EPC) + 2 years of O&M services. Timeline: Completion in FY 2026–27. Significance: Strengthens Waaree’s EPC portfolio and recurring revenue visibility. 📊 Funda mentals Snapshot Metric Status (FY25–26) Implication Revenue ~₹3,200 crore Strong growth from EPC & module sales. Net Profit ~₹420 crore Healthy profitability. Order Book >5 GW EPC projects Robust pipeline ensures visibility. Debt-to-Equity ~0.3 Comfortable leverage. ROE ~18% Efficient capital use. ⚡ Growth Drivers India’s renewable push: Target of 500 GW non-fossil fuel capacity by 2030. Solar EPC demand: Rising corporate & utility-scale projects. Recurring O&M revenues: Adds stability to earnings. Export potential: Waaree expanding module exports to US & EU. ⚠️ Risks Policy uncertainty in renewable subsidies. Competition from Adani Green, Tata Power Solar, ReNew Power. Execution risk in large EPC projects. Commodity price volatility (solar glass, polysilicon). 🔮 Outlook This contract enhances Waaree’s visibility in FY27 earnings and strengthens its positioning as a leading solar EPC player. With strong fundamentals, low leverage, and recurring O&M revenues, Waaree is well-placed to benefit from India’s renewable energy boom.