Latest news with #WaareeRenewableTechnologiesLimited
Business Upturn
17-07-2025
- Business
- Business Upturn
Waaree Renewable Tech Q1 Results: Revenue up 155% YoY to Rs 603.19 crore, Net Profit up 207% YoY
Waaree Renewable Technologies Limited reported a stellar performance for the quarter ended June 30, 2025 (Q1 FY26), with net profit rising over 207% year-on-year (YoY) and revenue growing by 155% YoY. The company's revenue from operations stood at ₹603.19 crore, up from ₹236.35 crore in Q1 FY25. This translates into a strong 155% YoY growth as the company continued to execute its EPC contracts at scale. Total income grew to ₹608.02 crore, compared to ₹239.11 crore YoY. Net profit for the quarter rose to ₹86.39 crore, a sharp 207% jump from ₹28.16 crore in the same period last year. This growth was driven by higher revenue and improved operational efficiency, despite higher expenses compared to last year. On a sequential basis (QoQ), net profit was slightly lower than the ₹93.76 crore reported in Q4 FY25, reflecting normal seasonal trends and higher costs. The company continues to strengthen its position in the renewable EPC segment, supported by a robust project pipeline. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
03-06-2025
- Business
- Time of India
Waaree Renewable Technologies bags ₹345 crore order for 300 MW solar project in Rajasthan
New Delhi: Waaree Renewable Technologies Limited (WRTL) has secured an EPC order exceeding ₹345 crore for the turnkey execution of a 300 MW AC / 435 MW DC ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order was awarded by a domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025–26. The scope of the contract includes design, engineering, procurement, construction, testing, and commissioning of the project. It also includes the development of a 33/220kV pooling substation. The project will integrate robotic cleaning systems for improved plant performance and to reduce long-term operations and maintenance costs. 'This project is a testament to our robust technical expertise and proven execution strength,' Sunil Rathi, Executive Director, WRTL, said in a statement. 'We are honored to have been bestowed with a project of this magnitude and strategic importance. This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future.' WRTL has executed over 2.8 GW of solar EPC installations and is currently handling an additional 4.4 GW of projects across India.
Time of India
16-05-2025
- Business
- Time of India
Waaree Renewable secures ₹114.22 crore order for 94 MW solar projects in Maharashtra
New Delhi: Waaree Renewable Technologies Limited (WRTL) has secured a Letter of Award (LOA) valued at ₹114.22 crore for engineering, procurement and construction (EPC) of 94 MW AC solar photovoltaic (PV) plants across multiple locations in Maharashtra under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0, the company said. The contract was awarded by a renewable energy generation company following a competitive bidding process. The project will be executed as part of the MSKVY 2.0 initiative launched by the Government of Maharashtra to provide daytime electricity to farmers through decentralized solar power generation. India's total installed solar capacity has crossed 97 GW as of 2024, with a target to reach 280 GW by 2030, driven by central and state-level policies and increasing private sector participation. Sunil Rathi, Executive Director, Waaree Renewable Technologies Limited, said, 'This Letter of Award is more than just a project win—it's a reaffirmation of the trust our partners place in us. At WRTL, we don't just build solar plants—we deliver certainty, speed, and scale. Whether it's a multi-megawatt utility project or a smaller distributed installation, we approach every assignment with the same precision, passion, and professionalism. Our ability to execute projects of any size with consistency and excellence is what sets us apart—and keeps our clients coming back. Through this project, we are proud to contribute meaningfully to the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0 by enabling clean, daytime electricity for farmers and supporting rural energy independence. This is how we power progress—one megawatt at a time.' WRTL said the company continues to receive repeat orders from customers across sectors and maintains a strong position in the solar EPC segment, with capabilities spanning design, procurement, construction and commissioning of solar infrastructure. The MSKVY 2.0 scheme aims to enhance rural energy access and reduce dependence on conventional energy sources through decentralised renewable power installations.
