Waaree Renewable Technologies Ltd, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has announced the signing of a non-binding Memorandum of Understanding (MoU) for executing Engineering, Procurement, and Construction (EPC) work for a 100 MWp solar power project on a turnkey basis.
The MoU has been signed with Viet Khanh Joint Stock Company, an international entity. As per the agreement, WAAREERTL will be responsible for developing a ground-mounted solar power project with a total capacity of 100 MWp. The final value of the order and the execution timeline will be determined upon the signing of a definitive agreement.
This order is entirely international in nature and currently remains non-binding. The promoter, promoter group, or any group companies of WAAREERTL have no interest in Viet Khanh Joint Stock Company, the entity awarding the contract. Furthermore, the transaction does not fall under related party transactions.