Rs 53,000 Crore Order Book: Multibagger Solar Stock Bags Additional 212 MW Module Supply Order, Total Capacity Rises to 562 MW
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Waaree Energies has strengthened its international order book with a fresh 212 MW solar module contract, taking the total order from the customer to 562 MW.
✨ Key Takeaways
Waaree Energies Ltd has received an additional order to supply 212 MW of Solar modules from an international customer that owns and operates utility-scale renewable power projects. The latest order adds to an existing 350 MW contract from the same customer, taking the total order capacity to 562 MW.
According to the company's exchange filing, the order is for the supply of solar modules during FY27. The contract has been awarded by an international entity and is a one-time order.
The company said the additional 212 MW order is incremental to the previously announced 350 MW contract, strengthening its order pipeline in the international market.
Waaree Energies also clarified that neither its promoter nor promoter group companies have any interest in the customer awarding the contract. It further stated that the transaction does not qualify as a related party transaction.
Waaree Energies Share Price
Waaree Energies Ltd share price ended Friday's trading session at Rs 2,840.70, up 0.37 per cent from the previous close of Rs 2,830.30. During the session, the stock opened at Rs 2,837.10, touched an Intraday high of Rs 2,848.00, and slipped to a low of Rs 2,810.00.
About Waaree Energies Ltd
Waaree Energies Ltd, incorporated in 1990 and headquartered in Mumbai, is one of India's leading solar energy companies. The company manufactures solar photovoltaic modules and solar cells, undertakes engineering, procurement and Construction (EPC) projects, and is also engaged in power generation activities.
Disclaimer: The article is for informational purposes only and not investment advice.