Rs 47,000 Crore Order Book: Solar Company Secures 692MW Solar Module Orders Across Domestic and International Markets
DSIJ Intelligence-2 / 25 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 95.2 per cent from its 52-week low of Rs 1,808.65 per share.
On October 24, 2025, Waaree Energies Limited announced the receipt of multiple significant orders for the supply of solar modules, totaling 692MW across domestic and international markets.
In the domestic segment, the company received three separate orders for 220MW, 210MW, and 140MW of solar modules. These were placed by well-known Indian customers engaged in the ownership, development, and operation of renewable power projects across the country.
In the international segment, Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies, secured an order for 122MW of solar modules. This order came from a leading U.S.-based developer and owner-operator specializing in utility-scale solar and energy storage projects across the United States.
According to the company, the orders were awarded by both domestic and international entities and are one-time in nature. The supply of all modules, totaling 692MW, is scheduled during the financial years 2025–26 and 2026–27. The company further clarified that these orders do not involve any interest from the promoter or promoter group and are not categorized as related party transactions.
About the Company
Waaree Energies Limited, an Indian Solar energy company, has been a significant player in the global solar industry since its inception in 1990. With an aggregate installed capacity of 15 GW, the company is India's largest manufacturer and exporter of solar PV modules. Waaree's product portfolio includes a diverse range of solar solutions, such as multicrystalline, monocrystalline, and advanced TOPCon modules. The company operates 5 manufacturing facilities in India. Waaree is expanding its facilities to reach 21 GW by 2027, including backwards integration into solar cells, ingot and wafer production.
The company has a market cap of over Rs 1,01,000 crore. As of March 31, 2025, Waaree Energies Limited boasts a substantial 25-GW or Rs 47,000 Order Book for solar PV modules, including domestic, export, and franchisee orders. The stock is up by 95.2 per cent from its 52-week low of Rs 1,808.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.