Author: abhishek2019cs034abesit@gmail.com

  • GreenLine Partners with Dabur India to Decarbonise its Road Logistics Operations

    GreenLine Mobility Solutions Ltd., an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks, today announced its partnership with Dabur India Ltd., one of India’s leading FMCG companies, to help decarbonise its supply chain through LNG-powered fleet.

    Under the partnership, GreenLine will deploy its LNG-powered trucks across Dabur India’s logistics operations, supporting the company’s efforts to build a greener and more sustainable supply chain. The shift to LNG-powered transportation will help reduce emissions from long-haul freight while maintaining operational efficiency and reliability.

    The collaboration reflects the growing momentum among Indian companies to adopt lower-emission freight solutions as part of their broader decarbonisation strategies and transition towards more sustainable supply chains.

    Commenting on the partnership, Charles Devlin D’Costa, Vice President –Sales, GreenLine Mobility Solutions Ltd said, “We are pleased to partner with Dabur India, one of India’s most respected consumer goods companies, as it adopts greener road transportation solutions. It is encouraging to see more leading Indian companies making low-emission logistics an integral part of their business strategy. Every such partnership strengthens the momentum towards cleaner freight mobility, bringing us a step closer to transforming India’s road logistics ecosystem. At GreenLine, we remain committed to enabling businesses across sectors to accelerate the transition to lower-emission transportation.”

    Samrat Sehgal, Global Director of Supply Chain, Dabur India said, “Reducing the environmental footprint of our supply chain is an important part of Dabur India’s sustainability roadmap. Our partnership with GreenLine enables us to integrate lower-emission transportation into our logistics operations while maintaining efficiency and reliability. We believe collaborations like these will play a key role in building a more sustainable and future-ready supply chain.”

    GreenLine is driving the transition towards lower-emission road freight in India through its growing fleet of LNG- and EV-powered heavy commercial trucks. Today, the company operates over 1,000 vehicles across major freight corridors, serving industries including steel, cement, mining, FMCG and chemicals. Its fleet has collectively travelled more than 100 million kilometres, helping customers reduce over 27,000 tonnes of CO₂ emissions.

  • GreenLine Partners with Dabur India to Decarbonise its Road Logistics Operations

    GreenLine Mobility Solutions Ltd., an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks, today announced its partnership with Dabur India Ltd., one of India’s leading FMCG companies, to help decarbonise its supply chain through LNG-powered fleet.

    Under the partnership, GreenLine will deploy its LNG-powered trucks across Dabur India’s logistics operations, supporting the company’s efforts to build a greener and more sustainable supply chain. The shift to LNG-powered transportation will help reduce emissions from long-haul freight while maintaining operational efficiency and reliability.

    The collaboration reflects the growing momentum among Indian companies to adopt lower-emission freight solutions as part of their broader decarbonisation strategies and transition towards more sustainable supply chains.

    Commenting on the partnership, Charles Devlin D’Costa, Vice President –Sales, GreenLine Mobility Solutions Ltd said, “We are pleased to partner with Dabur India, one of India’s most respected consumer goods companies, as it adopts greener road transportation solutions. It is encouraging to see more leading Indian companies making low-emission logistics an integral part of their business strategy. Every such partnership strengthens the momentum towards cleaner freight mobility, bringing us a step closer to transforming India’s road logistics ecosystem. At GreenLine, we remain committed to enabling businesses across sectors to accelerate the transition to lower-emission transportation.”

    Samrat Sehgal, Global Director of Supply Chain, Dabur India said, “Reducing the environmental footprint of our supply chain is an important part of Dabur India’s sustainability roadmap. Our partnership with GreenLine enables us to integrate lower-emission transportation into our logistics operations while maintaining efficiency and reliability. We believe collaborations like these will play a key role in building a more sustainable and future-ready supply chain.”

    GreenLine is driving the transition towards lower-emission road freight in India through its growing fleet of LNG- and EV-powered heavy commercial trucks. Today, the company operates over 1,000 vehicles across major freight corridors, serving industries including steel, cement, mining, FMCG and chemicals. Its fleet has collectively travelled more than 100 million kilometres, helping customers reduce over 27,000 tonnes of CO₂ emissions.

  • Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Limited(WRTL), the EPC arm of the Waaree Group, stands among the leading players in the EPC and T&D space. Beyond its core renewable EPC business, WRTL has been expanding its capabilities across adjacent segments.

    The recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthens the company’s presence in the transmission and distribution (T&D) space. Company is also actively pursuing EPC opportunities in Battery Energy Storage Systems and Data Centre. These steps reflect WRTL’s effort to build a broader and more integrated presence across the clean energy value chain. It has announced its unaudited financial results for the quarter ended on June 30, 2026.

    Waaree Renewable Technologies Limited (WRTL) reported a strong financial performance for the first quarter of FY27, driven by robust execution across its renewable energy EPC business. Revenue from operations rose 53.23% year-on-year to Rs. 924.25 crore in Q1 FY27, compared to Rs. 603.19 crore in the corresponding quarter last year. EBITDA increased 47.58% YoY to Rs. 173.48 crore, while Profit After Tax (PAT) grew 37.70% YoY to Rs. 118.97 crore, reflecting the company’s sustained growth momentum.

    The company also maintained a healthy project pipeline, with a consolidated unexecuted order book exceeding Rs. 5,300 crore. Its bidding pipeline remains robust, comprising more than 37 GWp of solar projects, over 10 GWh of Battery Energy Storage System (BESS) opportunities, and transmission & distribution (T&D) projects worth over Rs. 20,000 crore. During the quarter, WRTL secured significant new orders, including a 1,520 MWh BESS project and a 450 MWp ground-mounted solar power project. Additionally, the company strengthened its presence in the transmission and distribution sector by acquiring a 55% equity stake in Associated Power Structures Pvt. Ltd. (APSPL).

    Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said, “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at ₹ 924.25 crores compared to ₹603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery.

    India’s installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country’s clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power.

    During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner.

    Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders.

  • Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Limited(WRTL), the EPC arm of the Waaree Group, stands among the leading players in the EPC and T&D space. Beyond its core renewable EPC business, WRTL has been expanding its capabilities across adjacent segments.

    The recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthens the company’s presence in the transmission and distribution (T&D) space. Company is also actively pursuing EPC opportunities in Battery Energy Storage Systems and Data Centre. These steps reflect WRTL’s effort to build a broader and more integrated presence across the clean energy value chain. It has announced its unaudited financial results for the quarter ended on June 30, 2026.

    Waaree Renewable Technologies Limited (WRTL) reported a strong financial performance for the first quarter of FY27, driven by robust execution across its renewable energy EPC business. Revenue from operations rose 53.23% year-on-year to Rs. 924.25 crore in Q1 FY27, compared to Rs. 603.19 crore in the corresponding quarter last year. EBITDA increased 47.58% YoY to Rs. 173.48 crore, while Profit After Tax (PAT) grew 37.70% YoY to Rs. 118.97 crore, reflecting the company’s sustained growth momentum.

    The company also maintained a healthy project pipeline, with a consolidated unexecuted order book exceeding Rs. 5,300 crore. Its bidding pipeline remains robust, comprising more than 37 GWp of solar projects, over 10 GWh of Battery Energy Storage System (BESS) opportunities, and transmission & distribution (T&D) projects worth over Rs. 20,000 crore. During the quarter, WRTL secured significant new orders, including a 1,520 MWh BESS project and a 450 MWp ground-mounted solar power project. Additionally, the company strengthened its presence in the transmission and distribution sector by acquiring a 55% equity stake in Associated Power Structures Pvt. Ltd. (APSPL).

    Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said, “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at ₹ 924.25 crores compared to ₹603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery.

    India’s installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country’s clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power.

    During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner.

    Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders.

  • Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Limited(WRTL), the EPC arm of the Waaree Group, stands among the leading players in the EPC and T&D space. Beyond its core renewable EPC business, WRTL has been expanding its capabilities across adjacent segments.

    The recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthens the company’s presence in the transmission and distribution (T&D) space. Company is also actively pursuing EPC opportunities in Battery Energy Storage Systems and Data Centre. These steps reflect WRTL’s effort to build a broader and more integrated presence across the clean energy value chain. It has announced its unaudited financial results for the quarter ended on June 30, 2026.

    Waaree Renewable Technologies Limited (WRTL) reported a strong financial performance for the first quarter of FY27, driven by robust execution across its renewable energy EPC business. Revenue from operations rose 53.23% year-on-year to Rs. 924.25 crore in Q1 FY27, compared to Rs. 603.19 crore in the corresponding quarter last year. EBITDA increased 47.58% YoY to Rs. 173.48 crore, while Profit After Tax (PAT) grew 37.70% YoY to Rs. 118.97 crore, reflecting the company’s sustained growth momentum.

    The company also maintained a healthy project pipeline, with a consolidated unexecuted order book exceeding Rs. 5,300 crore. Its bidding pipeline remains robust, comprising more than 37 GWp of solar projects, over 10 GWh of Battery Energy Storage System (BESS) opportunities, and transmission & distribution (T&D) projects worth over Rs. 20,000 crore. During the quarter, WRTL secured significant new orders, including a 1,520 MWh BESS project and a 450 MWp ground-mounted solar power project. Additionally, the company strengthened its presence in the transmission and distribution sector by acquiring a 55% equity stake in Associated Power Structures Pvt. Ltd. (APSPL).

    Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said, “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at ₹ 924.25 crores compared to ₹603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery.

    India’s installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country’s clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power.

    During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner.

    Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders.

  • Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Limited(WRTL), the EPC arm of the Waaree Group, stands among the leading players in the EPC and T&D space. Beyond its core renewable EPC business, WRTL has been expanding its capabilities across adjacent segments.

    The recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthens the company’s presence in the transmission and distribution (T&D) space. Company is also actively pursuing EPC opportunities in Battery Energy Storage Systems and Data Centre. These steps reflect WRTL’s effort to build a broader and more integrated presence across the clean energy value chain. It has announced its unaudited financial results for the quarter ended on June 30, 2026.

    Waaree Renewable Technologies Limited (WRTL) reported a strong financial performance for the first quarter of FY27, driven by robust execution across its renewable energy EPC business. Revenue from operations rose 53.23% year-on-year to Rs. 924.25 crore in Q1 FY27, compared to Rs. 603.19 crore in the corresponding quarter last year. EBITDA increased 47.58% YoY to Rs. 173.48 crore, while Profit After Tax (PAT) grew 37.70% YoY to Rs. 118.97 crore, reflecting the company’s sustained growth momentum.

    The company also maintained a healthy project pipeline, with a consolidated unexecuted order book exceeding Rs. 5,300 crore. Its bidding pipeline remains robust, comprising more than 37 GWp of solar projects, over 10 GWh of Battery Energy Storage System (BESS) opportunities, and transmission & distribution (T&D) projects worth over Rs. 20,000 crore. During the quarter, WRTL secured significant new orders, including a 1,520 MWh BESS project and a 450 MWp ground-mounted solar power project. Additionally, the company strengthened its presence in the transmission and distribution sector by acquiring a 55% equity stake in Associated Power Structures Pvt. Ltd. (APSPL).

    Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said, “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at ₹ 924.25 crores compared to ₹603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery.

    India’s installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country’s clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power.

    During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner.

    Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders.

  • Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Limited(WRTL), the EPC arm of the Waaree Group, stands among the leading players in the EPC and T&D space. Beyond its core renewable EPC business, WRTL has been expanding its capabilities across adjacent segments.

    The recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthens the company’s presence in the transmission and distribution (T&D) space. Company is also actively pursuing EPC opportunities in Battery Energy Storage Systems and Data Centre. These steps reflect WRTL’s effort to build a broader and more integrated presence across the clean energy value chain. It has announced its unaudited financial results for the quarter ended on June 30, 2026.

    Waaree Renewable Technologies Limited (WRTL) reported a strong financial performance for the first quarter of FY27, driven by robust execution across its renewable energy EPC business. Revenue from operations rose 53.23% year-on-year to Rs. 924.25 crore in Q1 FY27, compared to Rs. 603.19 crore in the corresponding quarter last year. EBITDA increased 47.58% YoY to Rs. 173.48 crore, while Profit After Tax (PAT) grew 37.70% YoY to Rs. 118.97 crore, reflecting the company’s sustained growth momentum.

    The company also maintained a healthy project pipeline, with a consolidated unexecuted order book exceeding Rs. 5,300 crore. Its bidding pipeline remains robust, comprising more than 37 GWp of solar projects, over 10 GWh of Battery Energy Storage System (BESS) opportunities, and transmission & distribution (T&D) projects worth over Rs. 20,000 crore. During the quarter, WRTL secured significant new orders, including a 1,520 MWh BESS project and a 450 MWp ground-mounted solar power project. Additionally, the company strengthened its presence in the transmission and distribution sector by acquiring a 55% equity stake in Associated Power Structures Pvt. Ltd. (APSPL).

    Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said, “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at ₹ 924.25 crores compared to ₹603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery.

    India’s installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country’s clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power.

    During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner.

    Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders.

  • Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Limited(WRTL), the EPC arm of the Waaree Group, stands among the leading players in the EPC and T&D space. Beyond its core renewable EPC business, WRTL has been expanding its capabilities across adjacent segments.

    The recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthens the company’s presence in the transmission and distribution (T&D) space. Company is also actively pursuing EPC opportunities in Battery Energy Storage Systems and Data Centre. These steps reflect WRTL’s effort to build a broader and more integrated presence across the clean energy value chain. It has announced its unaudited financial results for the quarter ended on June 30, 2026.

    Waaree Renewable Technologies Limited (WRTL) reported a strong financial performance for the first quarter of FY27, driven by robust execution across its renewable energy EPC business. Revenue from operations rose 53.23% year-on-year to Rs. 924.25 crore in Q1 FY27, compared to Rs. 603.19 crore in the corresponding quarter last year. EBITDA increased 47.58% YoY to Rs. 173.48 crore, while Profit After Tax (PAT) grew 37.70% YoY to Rs. 118.97 crore, reflecting the company’s sustained growth momentum.

    The company also maintained a healthy project pipeline, with a consolidated unexecuted order book exceeding Rs. 5,300 crore. Its bidding pipeline remains robust, comprising more than 37 GWp of solar projects, over 10 GWh of Battery Energy Storage System (BESS) opportunities, and transmission & distribution (T&D) projects worth over Rs. 20,000 crore. During the quarter, WRTL secured significant new orders, including a 1,520 MWh BESS project and a 450 MWp ground-mounted solar power project. Additionally, the company strengthened its presence in the transmission and distribution sector by acquiring a 55% equity stake in Associated Power Structures Pvt. Ltd. (APSPL).

    Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said, “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at ₹ 924.25 crores compared to ₹603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery.

    India’s installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country’s clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power.

    During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner.

    Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders.

  • Waaree Renewable Technologies Expands EPC Portfolio, Announces Q1 FY27 Financial Results

    Waaree Renewable Technologies Limited(WRTL), the EPC arm of the Waaree Group, stands among the leading players in the EPC and T&D space. Beyond its core renewable EPC business, WRTL has been expanding its capabilities across adjacent segments.

    The recent acquisition of Associated Power Structures Pvt. Ltd. (APSPL) strengthens the company’s presence in the transmission and distribution (T&D) space. Company is also actively pursuing EPC opportunities in Battery Energy Storage Systems and Data Centre. These steps reflect WRTL’s effort to build a broader and more integrated presence across the clean energy value chain. It has announced its unaudited financial results for the quarter ended on June 30, 2026.

    Waaree Renewable Technologies Limited (WRTL) reported a strong financial performance for the first quarter of FY27, driven by robust execution across its renewable energy EPC business. Revenue from operations rose 53.23% year-on-year to Rs. 924.25 crore in Q1 FY27, compared to Rs. 603.19 crore in the corresponding quarter last year. EBITDA increased 47.58% YoY to Rs. 173.48 crore, while Profit After Tax (PAT) grew 37.70% YoY to Rs. 118.97 crore, reflecting the company’s sustained growth momentum.

    The company also maintained a healthy project pipeline, with a consolidated unexecuted order book exceeding Rs. 5,300 crore. Its bidding pipeline remains robust, comprising more than 37 GWp of solar projects, over 10 GWh of Battery Energy Storage System (BESS) opportunities, and transmission & distribution (T&D) projects worth over Rs. 20,000 crore. During the quarter, WRTL secured significant new orders, including a 1,520 MWh BESS project and a 450 MWp ground-mounted solar power project. Additionally, the company strengthened its presence in the transmission and distribution sector by acquiring a 55% equity stake in Associated Power Structures Pvt. Ltd. (APSPL).

    Commenting on the results Mr. Manmohan Sharma, CFO, Waaree Renewable Technologies Limited said, “The global business environment continues to face multiple challenges, including geopolitical tensions tariff uncertainties supply chain adjustments and regional conflicts. Despite these headwinds, we are pleased to begin FY27 on a strong note, with consolidated revenue for Q1 FY27 at ₹ 924.25 crores compared to ₹603.19 crore in Q1 FY26, reflecting a robust growth of 53.23%. This performance was driven by steady execution across our EPC portfolio, efficient resource deployment, and a sustained focus on disciplined project delivery.

    India’s installed renewable energy capacity stood at over 288 GW as of June 2026, with solar capacity crossing 162 GW and remaining the leading driver of the country’s clean energy transition. With India targeting 500 GW of non-fossil fuel capacity by 2030, there remains a significant pipeline of projects yet to be built, providing a strong runway for utility-scale renewable development. Beyond this, BESS EPC and hybrid renewables represent an emerging growth opportunity, supported by rising demand for grid stability and round-the-clock clean power.

    During the quarter, we completed the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. This strengthens our capabilities in transmission and distribution (T&D), enabling us to offer integrated solutions while continuing to expand our renewable EPC business in a disciplined and scalable manner.

    Backed by a healthy unexecuted order book of Rs. 5,300+ crores, WRTL remains well positioned for sustained growth, supported by expanding O&M capabilities. Supported by a strong execution track record and expanding capabilities, we remain confident in our long-term growth strategy. We will continue to focus on disciplined execution, operational excellence, and delivering sustainable value to our stakeholders.

  • India Poised to Lead Global Green Hydrogen Economy, Says Union Minister Shripad Yesso Naik at Bharat Green Hydrogen Summit 2026

    India Poised to Lead Global Green Hydrogen Economy, Says Union Minister Shripad Yesso Naik at Bharat Green Hydrogen Summit 2026

    Mr Shripad Yesso Naik, Minister of State for Power and New & Renewable Energy, Govt of India, while addressing the 2nd edition of ‘Bharat Green Hydrogen Summit 2026’, organized by FICCI, said that the global energy transition has entered a new phase. “The question today is no longer whether Green Hydrogen will become a cornerstone of industrial decarbonisation, but which nations will lead this transformation. India is uniquely positioned to emerge as a global leader in the hydrogen economy. Let us work together to make ‘Made in India Green Hydrogen’ the world’s trusted symbol of clean energy, technological excellence and sustainable industrial growth,” he added.

    Minister Naik further stated that the National Green Hydrogen Mission has created a strong and future-ready ecosystem. Production incentives, indigenous electrolyser manufacturing, demand creation in refineries and fertilisers, pilot projects across mobility, shipping and steel, and an enabling regulatory framework are transforming policy intent into commercial reality.

    “Green Hydrogen in India is no longer an idea of the future; it is becoming a fast-growing economic opportunity. From commercial-scale production to recently inaugurated India’s first indigenously developed hydrogen-powered train, our progress reflects the breadth of capabilities needed to position India as a global hydrogen hub,” he emphasized.

    Mr Naik further added that becoming a global hydrogen hub will require more than production capacity. It will require innovation, cost competitiveness, resilient supply chains, internationally accepted standards, skilled human resources and enduring global partnerships. Governments, industry, startups, academia, financial institutions and international partners must work together to build a globally competitive hydrogen ecosystem.

    Mr Rushikesh Ganeshbhai Patel, Hon’ble Minister of State for Energy, Government of Gujarat said, “Gujarat is committed to becoming India’s green hydrogen growth engine. With abundant renewable energy resources, world-class ports, robust industrial infrastructure and a progressive Green Hydrogen Policy, the state offers an integrated ecosystem for production, innovation and exports. We invite industry to partner with Gujarat in building a globally competitive green hydrogen economy.”

    Mr Patel further stated that green hydrogen is not only an energy transition opportunity, but also an industrial transformation opportunity. “Gujarat is moving decisively from policy formulation to implementation by creating an enabling ecosystem that will attract investments, generate employment and position India as a global hub for green hydrogen and green ammonia,” he added.

    Mr Ed Jager, Minister, Commercial, High Commission of Canada in India while sharing the international perspective, said, “India’s ambition to become a global green hydrogen hub is both credible and achievable. Canada is committed to partnering with India through research, innovation, technology collaboration, standards, certification and financing to help build resilient global hydrogen value chains. Green hydrogen will succeed through long-term partnerships built on trust, predictable policy frameworks and bankable commercial projects.”

    Mr Rajnath Ram, Adviser – Energy, NITI Aayog, Government of India, said, “India’s Green Hydrogen Mission has entered the implementation phase. Strong policy support, demand aggregation, electrolyser manufacturing incentives and industry participation have laid the foundation for building a globally competitive green hydrogen ecosystem that will drive India’s clean energy future.”

    He added that the next phase of India’s green hydrogen journey must focus on execution, accelerating projects, strengthening domestic demand, enabling bankable offtake agreements and building resilient supply chains. “Together, these efforts will establish India as a trusted global supplier of green hydrogen and its derivatives,” said Mr Ram.

    Mr Derek Michael Shah, Chair, FICCI Green Hydrogen Committee and CEO & MD, L&T Energy GreenTech, said, “Green hydrogen represents one of the most significant industrial opportunities of this decade. India’s competitiveness in renewable energy, manufacturing capability and policy support provides a strong foundation for becoming a global leader in clean hydrogen production and exports. The future of India’s hydrogen economy will depend on building integrated ecosystems where renewable energy, hydrogen production, logistics, storage, manufacturing and end-use industries evolve together. Collaboration across government, industry and global partners will be the key to scaling this opportunity.”

    Mr Vipul Tuli, Chair, FICCI RE CEOs Committee and President & CEO, Renewables West, Sembcorp Industries, said, “Green hydrogen will power India’s next phase of industrial growth by strengthening energy security, accelerating decarbonisation and creating globally competitive manufacturing and export opportunities.”

    Ms Jyoti Vij, Director General, FICCI said, “India aims to capture approximately 10% of the global green hydrogen market by 2030. To achieve this, we shall focus on building world-class export infrastructure, securing trusted supply chains, and becoming a long-term strategic partner for countries pursuing decarbonisation.”

    FICCI-EY report, ‘Towards a Green Hydrogen Economy: India’s Export Competitiveness and Strategic Outlook’, highlighting India’s roadmap to becoming a globally competitive exporter of green hydrogen and its derivatives was released during the event.