Waaree Transpower, a subsidiary of Waaree Energies, has secured a ₹160 crore export contract for Medium Voltage Skids used in Battery Energy Storage Systems. This deal highlights the company’s push into the global energy storage market and adds to its expanding order book.
Waaree Transpower Private Limited, a subsidiary of Waaree Energies Ltd., has secured a significant export order valued at approximately ₹160 crore. The contract involves supplying 8.3 MVA Medium Voltage (MV) Skids for Battery Energy Storage Systems (BESS) to an international energy storage technology provider. Shipments related to this project commenced in July 2026.
The MV Skids are 20-foot, containerized, and stackable electrical units designed to facilitate easier transport and installation for large-scale energy storage projects. By entering the export market for BESS components, the company is positioning itself as a participant in the broader global supply chain for renewable energy infrastructure, which requires stable storage solutions to manage electricity from wind and solar sources.
This order adds to the substantial scale of the Waaree group. As of late July 2026, the Waaree Energies group reported a record order book of approximately ₹61,500 crore. This latest contract represents a strategic effort to diversify revenue streams into the high-growth energy transition sector, expanding beyond its traditional business in solar module and transformer manufacturing.
While the order signals strong demand, investors may monitor risks associated with such large-scale international contracts. Execution risk is a primary factor, as scaling manufacturing and adhering to strict international delivery timelines for complex equipment can be challenging.
Additionally, the company operates in a sector sensitive to raw material price volatility, particularly for components required in battery storage. Any significant fluctuation in material costs could exert pressure on profit margins. Furthermore, the company’s success in this space remains tied to global and domestic policy support for grid-level transmission and BESS adoption.
The key monitorables for investors going forward will be the pace of project execution, the ability to maintain stable profit margins amidst supply chain complexities, and the continued growth of the order book as the company scales its international operations.