| Engineering, Procurement and Construction (EPC) Services | EPC contracts for residential, commercial, and utility-scale solar power projects including rooftop, floating, and ground-mounted systems. | Strong order pipeline, proven execution capability, integration within Waaree Group supply chain, and reputed client relationships. | B2B customers including government agencies, developers, and industrial clients. | Large-scale ground-mounted projects and floating solar installations. | 1572 | 98 | Revenue through project execution contracts billed on milestones and completion. | Contractual milestone-based payments on executed work. | Supportive government solar policies, capacity expansion targets, and rising demand for renewable infrastructure. | |
| Power Generation and Sale | Sale of solar power generated from own or managed solar plants. | Portfolio of commissioned plants and integration with EPC expertise ensuring operational efficiency. | Utilities and commercial power consumers under PPA models. | Operational solar power plants with stable cash flows. | 25 | 2 | Recurring revenue from power purchase agreements with utilities or end users. | Long-term power sale contracts. | Increasing commissioned solar assets and renewable power demand. | |
