6 days ago
Waaree Renewables shares jump 4% on securing Rs 346 crore solar project
Shares of Waaree Renewables Technologies Ltd jumped nearly 4% in morning trade after the company announced it had secured a significant Letter of Award (LOA) for a large-scale solar project. The contract involves the Engineering, Procurement, and Construction (EPC) of a 300 MW AC / 435 MW DC ground-mounted solar power project awarded by a domestic renewable energy generation company.
The total value of the contract is approximately ₹346.33 crore, excluding taxes, marking a notable addition to Waaree's growing portfolio of solar infrastructure projects. This order strengthens the company's position as a key player in India's renewable energy sector, particularly in utility-scale solar EPC execution.
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This commercial order, entirely domestic in nature, is scheduled to be executed during the financial year 2025–26, further boosting Waaree's order book and revenue visibility for the upcoming fiscal period. Investors responded positively to the news, reflecting confidence in the company's execution capabilities and future growth potential.
Waaree Renewables shares opened at ₹1,025.00, hitting a high of ₹1,067.70 and a low of ₹1,022.10 during the session. The stock remains close to its 52-week high of ₹1,170.00, indicating strong upward momentum. Its 52-week low stands at ₹841.15.
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