Rs 53,000 Crore Order Book: Multibagger Solar Stock Wins 800 MW Module Supply Order; FII & DII Stakes Increase

Indian equity benchmarks traded higher during Monday's afternoon session, with the benchmark Nifty 50 index gaining 289.80 points, or 1.23 per cent, to 23,912.70. Amid the positive market sentiment, Waaree Energies share price traded 0.91 per cent higher at Rs 3,058.90, following the company's announcement of a fresh solar module supply order.

Waaree Energies Secures 800 MW Solar Module Order

Waaree Energies Limited informed stock exchanges that it has received an order for the supply of 800 MW of solar photovoltaic modules from a domestic entity described as a leading energy solutions provider.

According to the company's regulatory filing, the contract involves a one-time supply of solar modules aggregating 800 MW, with deliveries scheduled to be executed during FY 2026-27. While the company disclosed the capacity involved in the order, it did not reveal the financial value of the contract.
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Order Strengthens Waaree Energies FY27 Execution Pipeline

The latest order adds to Waaree Energies' growing order pipeline and provides further visibility for its solar module business during FY27. As one of India's largest solar module manufacturers, the company continues to benefit from increasing domestic demand driven by renewable energy capacity additions and government-led clean energy initiatives.

The company clarified that neither its promoters nor promoter group entities have any interest in the customer awarding the contract. It also stated that the transaction does not qualify as a related-party transaction.

Growing Focus On Domestic Renewable Energy Demand

India continues to witness strong demand for solar modules as utilities, commercial consumers and industrial players accelerate renewable energy adoption. Large-scale solar projects, coupled with supportive government policies and domestic manufacturing incentives, have strengthened demand for locally manufactured modules.

The latest order further reinforces Waaree's position in the domestic solar manufacturing ecosystem and adds to its order execution visibility for the current financial year.

Institutional Holdings Increase

The company's shareholding pattern reflects rising institutional participation during the March 2026 quarter. FII holding increased to 7.06 per cent in Q4 FY26 from 6.91 per cent in Q3 FY26, while DII holding rose significantly to 4.32 per cent in Q4 FY26 from 2.86 per cent in Q3 FY26, indicating growing interest from institutional investors in the company.

About Waaree Energies

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, executes engineering, procurement and construction (EPC) projects, and is also engaged in power generation activities.

As of FY25, Waaree had a total solar module manufacturing capacity of 15 GW, including manufacturing facilities in Gujarat and a 1.6 GW module manufacturing facility in Texas, USA. The company has operations across 24 countries and continues to expand its presence in both domestic and international solar markets.

What are your views on Waaree Energies' latest 800 MW solar module order and the outlook for India's solar manufacturing sector? Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.