Waaree Renewable Technologies (WAAREERTL) has received a letter of award (LoA) for a revised project capacity of 704 MWac/1,000 MWp, reflecting changes in evacuation considerations and DC overloading optimisation.
As a result, the contract value has been reduced from Rs 1,252.43 crore to Rs 1,039.60 Crore, marking a decrease of Rs 212.83 crore, excluding taxes. Despite the reduced capacity and corresponding contract value, all other terms, conditions, scope of work, and pricing structure remain unchanged and continue to apply in full force. The project, as per the revised terms, is expected to be completed in the financial year 2026-27.
This revision highlights the company's ongoing efforts to ensure efficiency and optimise its operations, while maintaining the integrity of the project.