WAAREE Energies Ltd. Secures 180 MWp Solar Module Supply Contract.
January 20, 2025
WAAREE Energies Ltd., a leading player in the renewable energy sector, announced today that it has received a significant Letter of Award (LoA) for the supply of solar photovoltaic (PV) modules with a capacity of 180 MWp. The contract has been awarded by a renowned customer specializing in owning, developing, and operating renewable power projects across India.
Key Details of the Contract
The details of the agreement, as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been disclosed as follows:
- Entity Awarding the Contract: A well-established domestic customer in the renewable energy sector.
- Nature of the Contract: One-time supply of 180 MWp Solar PV Modules.
- Commencement Timeline: The supply is scheduled to begin in the financial year 2025-26.
- Commercial Size: The contract encompasses the supply of solar modules with a total capacity of 180 MWp.
- Promoter Interest: Neither the promoters nor any promoter group companies hold an interest in the awarding entity.
- Related Party Transactions: The contract does not fall under related party transactions.
Strategic Significance
This contract reinforces WAAREE Energies Ltd.’s leadership in the Indian solar energy market, underscoring its ability to meet large-scale requirements and contribute significantly to India’s renewable energy goals. The company’s robust infrastructure and cutting-edge technology position it as a trusted partner for delivering high-quality solar modules to industry leaders.
Official Announcement
The official disclosure regarding the Letter of Award can be accessed on the company’s website or through the following link on the BSE website:
Download the Official Contract Document
About WAAREE Energies Ltd.
Headquartered in Mumbai, WAAREE Energies Ltd. is a key player in the renewable energy sector, specializing in manufacturing solar modules and providing solar energy solutions. The company remains committed to advancing India’s sustainable energy landscape by delivering innovative and efficient renewable energy products.
Disclaimer:
This announcement is intended solely for informational purposes and does not constitute an offer, solicitation, or recommendation to buy, sell, or hold any securities of WAAREE Energies Ltd. The information provided is based on publicly available data as of the date mentioned and may be subject to change without prior notice. Readers are advised to consult professional advisors for any investment-related decisions.
This content is written by Chiman Soni, a CS Executive student and founder of Corporate Laws Hub.
Important Disclaimer
This content is written by Chiman Soni, a CS Executive student and founder of Corporate Laws Hub. The information provided is for educational purposes only and should not be construed as legal or financial advice.
Readers should consult qualified professionals for specific legal or financial queries.
Content Sources
Information compiled from: MCA, ICSI, SEBI, Income Tax Department, GST Portal, IP India, Supreme Court of India, BSE, NSE, and other authoritative sources.
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