Waaree Energies share price trade higher in the early trade on February 20 after the company received an order for supply of solar modules to Khaba Renewable Energy.
At 09:20am, Waaree Energies was quoting at Rs 2,248.80, up Rs 28.30, or 1.27 percent, on the BSE.
The company received an order for supply of solar modules for 362.5 MWp from Khaba Renewable Energy, a subsidiary of Engie India.
The supply of modules is scheduled to commence in FY 2025-26.
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The company had set up and commenced operations at 1.40 GW solar cell manufacturing facility at its factory at Gujarat with effect from February 07, 2025.
Last month, Waaree Clean Energy Solutions, a wholly owned subsidiary of the company has received a Notification of Award (NOA) from the Solar Energy Corporation of India Limited (SECI) for setting up a production facility of 90,000 MT/Annum for Green Hydrogen in India under the Strategic Interventions for Green Hydrogen Transitions (SIGHT) Scheme (Model-1, Tranche-II).
The company had reported a four-fold surge in net profit, at Rs 492.7 crore in the December quarter, up from Rs 124.5 crore that it reported in the same period last year. Revenue saw a 116 percent jump to Rs 3,457.28 crore, up Rs 596.18 crore in the year-ago period.
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