Rs 47,000 Crore Order Book: Solar modules manufacturer bags international order of 500-MW from the United States

DSIJ Intelligence-1 / 26 Aug 2025/ Categories: Mindshare, Trending

Rs 47,000 Crore Order Book: Solar modules manufacturer bags international order of 500-MW from the United States

The stock is up over 80 per cent from its 52-week low of Rs 1,808.65 per share.

Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies Ltd, has bagged an international order to supply 452 MW of solar modules to a prominent developer and operator of utility-scale solar and energy storage projects in the United States. This one-time order is a significant milestone for the company, solidifying its presence in the international solar market. The supply of the solar modules will be executed over two financial years, 2025-26 and 2026-27.

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.

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The company has a market cap of over Rs 93,000 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 over 80 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.