Waa Solar Bags ₹225 Crore MPUVNL Order for PM-KUSUM Solar Projects – EQ
In Short : Waa Solar has secured a ₹225 crore order from Madhya Pradesh Urja Vikas Nigam Limited for the development of solar power projects under the PM-KUSUM scheme. The order strengthens the company’s project portfolio while supporting decentralized solar generation, farmer income enhancement, and India’s broader goals of clean energy expansion and rural energy transformation.
In Detail : Waa Solar achieved a significant business milestone by securing a ₹225 crore project order from Madhya Pradesh Urja Vikas Nigam Limited under the PM-KUSUM scheme. This development reinforces the company’s position as an active participant in India’s growing renewable energy landscape.
The order involves the execution of solar power projects designed to support decentralized electricity generation. These projects aim to enhance energy access in rural areas while promoting sustainable power solutions aligned with national renewable energy objectives.
PM-KUSUM plays a strategic role in India’s clean energy transition by encouraging solar adoption at the grassroots level. Through this scheme, solar power is integrated with agricultural infrastructure, reducing dependence on conventional energy sources and improving energy reliability for farmers.
For Waa Solar, the contract adds meaningful scale to its project pipeline and revenue visibility. Securing a large government-backed order reflects the company’s technical capability, execution strength, and compliance with stringent project requirements.
The project is expected to contribute positively to Madhya Pradesh’s renewable energy capacity while supporting grid decentralisation. Such initiatives help reduce transmission losses and create a more resilient and locally balanced power ecosystem.
From a financial perspective, the ₹225 crore order enhances Waa Solar’s order book and provides medium-term execution opportunities. The project also strengthens the company’s credibility in bidding for future government and utility-scale solar tenders.
The initiative supports farmer welfare by enabling solar-powered infrastructure that can lower energy costs and create additional income streams. This aligns with broader rural development goals and promotes the use of clean energy in agriculture-driven economies.
At a national level, projects under the PM-KUSUM scheme contribute to India’s renewable capacity targets and emission reduction goals. They also support energy security by reducing reliance on fossil fuels and imported energy sources.
Looking ahead, Waa Solar’s successful order win positions the company for continued growth in the distributed solar segment. As policy focus remains strong on decentralized and agricultural solar solutions, such projects are expected to play a key role in India’s long-term clean energy transition.
