Waaree Renewable Technologies534618Major contract win

Signs five-year O&M agreement for 360MWp solar power project

Waaree Renewable Technologies has signed a five-year Operations & Maintenance (O&M) agreement for a 360MWp solar power project.

By ScoutQuest · Sun 1 Nov 2026, 1:36 PM IST · 1 min read

Contract Tenure: five years
Project Capacity: 360MWp
Letter of Award Received: October 31, 2026, at 07:18 p.m. (IST)

What was signed

Waaree Renewable Technologies Limited has signed an Operations and Maintenance (O&M) agreement for a solar power project of 360MWp capacity. The agreement runs for five years.

Who awarded it

The update describes the awarding entity as a leading Independent Power Producer (IPP) Company. It is a domestic entity, and the order is classified as a Commercial Order.

Key terms stated

Tenure of the O&M agreement: five years
Project capacity covered: 360MWp
Domestic or international: Domestic
Time period of execution: as per the terms of the order
Size of the order: described as the O&M of a 360MWp solar power project

Other disclosures

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

Timeline

The company states it received the intimation / Letter of Award on October 31, 2026, at 07:18 p.m. (IST). The disclosure to the exchanges is dated November 01, 2026.

How to read this

An O&M agreement means the company takes on the job of operating and maintaining an already-planned or operating solar plant for its owner over the contract period, in return for a commercial consideration. This is a services role rather than building the plant itself. For a reader tracking the business, the two measurable parameters stated here are the 360MWp of capacity covered and the five-year tenure. The update describes the order size as the O&M of that 360MWp project.

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