Waaree Renewable shares gain 5% on order worth Rs 1,233.5 crore for solar PV project

Waaree Renewable Technologies

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Waaree Renewable Technologies share price rose 5 percent in the early trade on November 28 has received an order worth Rs 1,233 crore for construction of ground mount solar PV project.

At 09:23am, Waaree Renewable Technologies was quoting at Rs 1,494.45, up Rs 71.15, or 5.00 percent, on the BSE.

"..... received a term sheet for the execution of engineering, procurement and construction (EPC) works for ground mount solar PV project of 2012.47 MWp DC capacity," company said.

Catch all the market action on our live blog

Earlier in this month, the company received an order worth Rs 146.77 crore to set up solar power project of 41.6 MW DC capacity at Cuddalore District in Tamil Nadu

In the quarter ended September 2024, the company had reported a muted 1 percent increase in revenue to Rs 3,574.37 crore. The net profit, however, surged 15 percent to Rs 361 crore.

Last month, Waaree Energies made a strong stock market debut after listing at Rs 2,500, commanding a solid premium of 66.3 percent over the issue price of Rs 1,503 per share on the National Stock Exchange (NSE).

Waaree Energies, one of the major players in the solar energy industry in India, is focused on PV module manufacturing with an aggregate installed capacity of 12 GW as of June 30, 2023. It operates five manufacturing facilities, with one factory each located at Surat, Tumb, Nandigram, and Chikhli in Gujarat, and the IndoSolar Facility in Noida, Uttar Pradesh.

The share touched a 52-week high of Rs 3,037.75 and a 52-week low of Rs 270.22 on 26 April, 2024 and 30 November, 2023, respectively.

Currently, the stock is trading 50.8 percent below its 52-week high and 453.05 percent above its 52-week low.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.