Waaree Renewable Technologies, an India's EPC firm, was awarded a 704 MW (AC) solar project in India, with the project capacity remaining unchanged. The order value was revised downward from INR 12.52 billion (~ $139.26 million) to INR 10.40 billion (~ $115.68 million), reflecting a reduction of INR 2.12 billion (~ $23.58 million), or about 16.93%. The financial revision appeared to stem from commercial or optimization-related adjustments rather than any reduction in project scope. Despite the revised contract value, the project remained a large utility-scale installation and was added to the company’s existing renewable energy portfolio within India’s expanding solar market. A related development saw Waaree Energies commence 3 GW inverter production in Gujarat.