Waaree Renewable Technologies534618Major contract win

Receives Letter of Award for EPC Works of 200 MW / 500MWh Battery Energy Storage Project

Waaree Renewable Technologies has received a Letter of Award (LOA) for Engineering, Procurement and Construction (EPC) works of a Battery Energy Storage Project (BESS).

By ScoutQuest · Fri 30 Oct 2026, 5:23 PM IST · 2 min read

Project Capacity: 200 MW / 500MWh
Work Scope: Engineering, Procurement and Construction (EPC) works of a Battery Energy Storage Project (BESS)
Completion Schedule: financial year 2027-28

What was announced

Waaree Renewable Technologies Ltd has received a Letter of Award (LOA) for execution of Engineering, Procurement and Construction (EPC) works of a Battery Energy Storage Project (BESS). The company received the intimation of the Letter of Award on October 30, 2026 at 03:44 pm (IST).

Project details as stated

Capacity: 200 MW / 500MWh
Work scope: Engineering, Procurement and Construction (EPC) works of the battery energy storage project
Awarding entity: a leading Independent Power Producer (IPP)
The order has been awarded by a domestic entity and is a domestic order
Nature of the order: Commercial Order
Completion: the project is scheduled to be completed during the financial year 2027-28, as per the terms of the order
The broad consideration or size of the order is stated as 200 MW / 500MWh

What is an EPC order, in simple words

Under an EPC contract, the company takes responsibility for the engineering (design), procurement (buying the equipment and materials) and construction of the project. In this case the project is a battery energy storage system, which stores electricity and releases it when needed. The company is the contractor executing the project for the entity that awarded the order.

Two numbers to note in the capacity

200 MW is the power rating, i.e. how much charge or discharge the system can handle at a point in time.
500MWh is the energy capacity, i.e. how much electricity the system can store in total.

Related party and interest checks

The promoter / promoter group / group companies have no interest in the entity that awarded the order.
The order does not fall within related party transactions.

How to read this

This is an order-win disclosure. It adds a battery energy storage EPC project to the company's order book, with the revenue linked to execution scheduled in financial year 2027-28. The awarding entity is described only as a leading Independent Power Producer, and the order size is stated in capacity terms of 200 MW / 500MWh.

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