Waaree Energies shares gain 7% on its US arm securing order worth $176 million

Waaree Energies share price surged as much as 7 percent on Thursday after its wholly-owned subsidiary bagged a mega order worth $176 million.

Shares of the company surged to a high of Rs 2,994.5 per share on the NSE, rising 7 percent. The stock has been gaining for the last two days.

The company in an exchange filing, said "Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies Limited has received an order on May 28, 2025 for supply of 586 MW solar modules for an amount of 176 Mn USD from a renowned customer who is a developer and owneroperator of utility scale solar and energy storage projects across the United States."

The supply of modules is scheduled to commence from the financial year 2026-27, the company said in an exchange filing.