NSEBagging/Receiving of orders/contracts2d ago · 28 Aug 2026, 02:29 pm

Bagging/Receiving of orders/contracts

Waaree Energies Limited · WAAREEENER

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Waaree Energies Limited has received a Letter of Award from Solar Energy Corporation of India Limited for a 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution Renewable Energy Power Project in Solapur, Maharashtra.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10

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Full Announcement

Waaree Energies Limited has informed the Exchange about Intimation of Receipt of Letter of Award.

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WAAREE_28082026142932_LOA_signed.pdf

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August 28, 2026 To To The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G, Dalal Street, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 544277 Trading Symbol: WAAREEENER Dear Sir/ Madam, Sub: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Letter of Award. This is to inform you that Waaree Forever Energies Private Limited (“WFEPL”), a wholly owned subsidiary of Waaree Energies Limited (“the Company”) has received intimation of Letter of Award (“LOA”) on August 27, 2026 from Solar Energy Corporation of India Limited (“SECI”) for development of 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution (“ESS”) Renewable Energy Power Project in Solapur, Mahrashtra. The requisite details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations") read with the SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure I. The above intimation is also available on the website of the Company i.e. www.waaree.com. Kindly take the information on record. Thanking you, Yours faithfully, For Waaree Energies Limited Rajesh Ghanshyam Gaur Company Secretary & Compliance Officer M.No. A34629 WAAREE Energies Ltd. Registered Office: 602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400. Email: waaree@waaree.com.Website:www.waaree.com Corporate Identity Number:L29248MH1990PLC059463 Annexure – I Sr No. Particulars Information 1. Name of the entity awarding the Solar Energy Corporation of India Limited order(s)/contract(s); (“SECI”) 2. Significant terms and conditions of Development of 700 MW Solar and 700 order(s)/contract(s) awarded, in brief; MW/2800 MWh Energy Storage Solution (“ESS”) Renewable Energy Power Project in Solapur, Mahrashtra. 3. Whether order(s) / contract(s) have Domestic Entity been awarded by domestic/international entity; 4. Nature of order(s)/contract(s); One Time 5. Time period if any, associated with the The Power Purchase Agreement is valid order(s)/contract(s); for 25 years from scheduled Commencement of Supply Date. 6. Broad commercial consideration or Development of 700 MW Solar and 700 size of the order(s)/contract(s) MW/2800 MWh Energy Storage Solution (“ESS”) Renewable Energy Power Project in Solapur, Mahrashtra. 7. Whether the promoter/ promoter No group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; 8. Whether the order(s)/contract(s) No would fall within related party transactions? If yes, whether the same is done at “arm’s length” WAAREE Energies Ltd. Registered Office: 602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400. Email: waaree@waaree.com.Website:www.waaree.com Corporate Identity Number:L29248MH1990PLC059463