Latest news with #WaareeRenewableTechnologies
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Business Standard
4 days ago
- Business
- Business Standard
Waaree Renewable share price pops 4% on securing order worth ₹346 crore
Waaree Renewable share price: Waaree Renewable Technologies (Waaree Renewable) shares were buzzing in trade on Wednesday, June 4, 2025, with the stock rising up to 3.55 per cent to hit an intraday high of ₹1,068 per share. However, by 10:50 AM, Waaree Renewable shares were off day's high, and were trading merely 1.32 per cent higher at ₹1,045 per share. In comparison, BSE Sensex was trading 0.21 per cent higher at 80,911.08 levels. Catch Latest Stock Market Updates Today LIVE What led to the uptick in Waaree Renewable share price? Waaree Renewable shares popped after it bagged a Letter of Award (LOA) from a renewable generation company for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 300 MW AC/435 MW DC capacity. The cost of the project is approximately ₹346.33 crore, excluding taxes. In an exchange filing, Waaree Renewable said, 'We are pleased to inform that 'Waaree Renewable Technologies' has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of solar power project of 300 MW AC/435 MW DC capacity.' Under the terms of the order, Waaree Renewable shall develop the Ground mount solar power project of 300 MW AC /435 MW DC capacity Notably, the project is scheduled to be completed in the financial year 2025- 26 (FY26), Waaree Renewable revealed, in a statement. ALSO READ | Tata Tech shares slip as 2.1% equity change hands in block deal Waaree Renewable Q4 results Waaree Renewable's profit zoomed 82.73 per cent year-on-year (Y-o-Y) to ₹93.77 crore in the March quarter of financial year 2025 (Q4FY25), from ₹51.31 crore in the March quarter of financial year 2024 (Q4FY24). The company's revenue from operations climbed 74.37 per cent Y-o-Y to ₹476.58 crore in Q4FY25, from ₹273.31 crore a year ago. Earnings before interest, tax, depreciation and amortisation (Ebitda), or operating profit, jumped 67.79 per cent Y-o-Y to ₹126.33 crore, from ₹75.29 crore a year ago. Operating profit margin or Ebitda margin, however, squeezed to 26.51 per cent in the March quarter of financial year 2025, from 27.55 per cent in the March quarter of financial year 2024. About Waaree Renewable Waaree Renewable, a subsidiary of Waaree Group, is among the leading players in India's solar EPC space, with a strong legacy of over 10,000 project installations totaling more than 2.32 GW. Headquartered in Mumbai, the company offers end-to-end solar solutions—ranging from engineering and construction to financing and operation—across diverse geographies. Focused on long-term investments, particularly in the commercial and industrial segments, it provides both on-site (rooftop and ground-mounted) and off-site (open access) solar solutions to help clients cut their carbon footprint.
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Business Standard
5 days ago
- Business
- Business Standard
Here's why Waaree Renewable share is buzzing in trade today; details
Waaree Renewable share price: Waaree Renewable Technologies (Waaree Renewable) shares were in demand on June 3, 2025, with the scrip rising up to 4.11 per cent to hit an intraday high of ₹1,068.05 per share. However, by 1:30 PM, Waaree Renewable shares were off day's high, and were trading merely 0.5 per cent higher at ₹1,031.05 per share. In comparison, BSE Sensex was trading 0.88 per cent lower at 80,656.39 levels. Why did Waaree Renewable share price rise? Waaree Renewable shares rose after securing a Letter of Award (LOA) worth approximately ₹346.33 crore from a renewable generation company, for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 300 MW AC/435 MW DC capacity. In an exchange filing, Waaree Renewable said, 'We are pleased to inform that Waaree Renewable Technologies has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of solar power project of 300 MW AC/435 MW DC capacity.' Under the terms of the order, Waaree Renewable shall develop the Ground mount solar power project of 300 MW AC /435 MW DC capacity. Notably, the project is scheduled to be completed in the financial year 2025- 26 (FY26), Waaree Renewable revealed, in a statement. Waaree Renewable Q4 results Waaree Renewable's profit zoomed 82.73 per cent year-on-year (Y-o-Y) to ₹93.77 crore in the March quarter of financial year 2025 (Q4FY25), from ₹51.31 crore in the March quarter of financial year 2024 (Q4FY24). The company's revenue from operations climbed 74.37 per cent Y-o-Y to ₹476.58 crore in Q4FY25, from ₹273.31 crore a year ago. Earnings before interest, tax, depreciation and amortisation (Ebitda), or operating profit, jumped 67.79 per cent Y-o-Y to ₹126.33 crore, from ₹75.29 crore a year ago. Operating profit margin or Ebitda margin, however, squeezed to 26.51 per cent in the March quarter of financial year 2025, from 27.55 per cent in the March quarter of financial year 2024. Its unexecuted order book stood at 3.2 GWp, which is to be executed between 12-15 months. Meanwhile, the Bidding pipeline remains at about 30 GWp. About Waaree Renewable Waaree Renewable, a subsidiary of the Waaree Group, is at the forefront of India's Solar EPC (Engineering, Procurement, and Construction) landscape. Backed by the Group's strong legacy, which includes the successful installation of over 10,000 solar projects with a cumulative capacity exceeding 2.32 GW, Waaree Renewable plays a crucial role in the transition to clean energy. The company not only engineers and builds solar systems but also finances, owns, and operates solar power projects, establishing itself as a full-spectrum solar solutions provider. Headquartered in Mumbai, the company operates across multiple geographies with a focus on long-term investments, particularly within the commercial and industrial sectors. By offering both on-site solar installations—such as rooftop and ground-mounted systems—and off-site solar farms through open access models, Waaree Renewable enables clients to reduce their carbon footprint effectively.
Business Standard
5 days ago
- Business
- Business Standard
Waaree Renewable jumps on bagging major solar EPC contract
Waaree Renewable Technologies rose 3.28% to Rs 1,059.44 after the company secured a letter of award (LoA) for the engineering, procurement, and construction (EPC) of a large-scale solar power project. The new contract is valued at approximately Rs 346.33 crore. The project, awarded by a domestic renewable generation company, involves the development of a ground-mount solar power plant with a capacity of 300 MW AC / 435 MW DC. Waaree Renewable Technologies is tasked with completing the project within the financial year 2025-26, as per the terms stipulated in the LoA. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The companys consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24.
Business Standard
21-05-2025
- Business
- Business Standard
Waaree Renewable Tech incorporates WOS, Sunsational Power
Waaree Renewable Technologies announced that it has incorporated a wholly owned subsidiary (WOS), Sunsational Power, to develop and manage renewable energy plants. The subsidiary has been incorporated to generate, accumulate, transmit, distribute, purchase, sell and supply electricity power or any other energy from non-conventional energy sources on a commercial basis. It will also construct, establish, operate, and maintain energy generation stations and plants across the country. In addition, the company will engage in managing, owning, controlling, erecting, commissioning, operating, running, leasing or transferring to third person/s, Power plants based on non-conventional energy sources i.e. Solar, Wind, Mechanical, Electrical and Hydel. It will also act as an Engineering, Procurement, and Construction (EPC) contractor for such power projects. Sunsational Power will also setup solar parks and renewable energy systems anywhere in India. The company has subscribed to a share capital of Rs 1 lakh, divided into 10,000 shares of Rs 10 each, holding a 100% stake in Sunsational Power Private. However, certificate of incorporation is awaited. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The companys consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The scrip declined 2.10% to end at Rs 1,021.55 on Tuesday, 20 May 2025.
Business Standard
16-05-2025
- Business
- Business Standard
Waaree Renewable Technologies wins solar project of 94 MW AC/ 131.6 MW DC
Waaree Renewable Technologies has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of solar power project including Operation and Maintenance (O&M) of 94 MW AC/131.6 MW DC capacity. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0). The order is valued at Rs 114.23 crore.
