Renewable energy stock to watch after it receives order worth ₹740 Cr for solar power projectRenewable energy stock to watch after it receives order worth ₹740 Cr for solar power project

Introduction:

Renewable energy stock, part of a three-member consortium, secured a ₹740.06 crore EPC contract for a 125 MWAC solar project. This turnkey order enhances its role in India’s clean energy sector, reinforcing its expertise in large-scale solar infrastructure development.

Share Price movement of Waaree Renewable Technologies:

On March 11, 2025, Waaree Renewable Technologies Ltd opened at ₹819.95, reaching a high of ₹825.00 up 0.61%, low of ₹764.00, and its previous close of ₹829.90. The stock is currently trading at ₹802.85, with a market cap of ₹8,369.44 crore.

Waaree Renewable Technologies share price rise:

Waaree Renewable Technologies Limited, as part of a three-member consortium, has secured a ₹740.06 crore EPC contract for a 125 MWAC (181.3 MWp DC) solar power project. The turnkey project includes engineering, procurement, construction, and maintenance for a domestic power distribution company.  

The consortium will finalize internal arrangements, with the project scheduled for completion within 18 months. This contract strengthens the company’s role in India’s renewable energy sector, reinforcing its commitment to sustainable power solutions while securing a significant commercial order.  

The project is awarded by a domestic entity with no involvement of related parties or promoter group interests. This order highlights Waaree Renewable’s growing industry presence and expertise in large-scale solar infrastructure, supporting India’s clean energy transition.

Also Read:  Defence stock in focus after it signs JV agreement with Nibe group for manufacturing of defence and aerospace products

Stock performance of Waaree Renewable Technologies for Period of 1 week, 6 months and 1 year:

Waaree Renewable Technologies stock showed mixed performance across different periods. Over the past week, it gained 5.17%, reflecting short-term momentum. However, in six months, it declined by 44.3%, indicating weakness. Over the last year, the stock dropped 48.6%, highlighting significant long-term underperformance.

Also Read: Infra stock in focus after receiving order from Varanasi Aurangabad NH-2 Tollway

Shareholding pattern of Waaree Renewable Technologies:

Summary	Dec-24	Sep-24	Jun-24
Promoter	74.40%	74.40%	74.50%
FII	1.00%	1.00%	0.80%
DII	0.00%	0%	0.00%
Public	24.60%	24.60%	24.70%

About Waaree Renewable Technologies:

Waaree Renewable Technologies Ltd (BSE:534618) focuses on solar energy solutions, offering EPC services and turnkey renewable projects. It plays a key role in India’s clean energy sector, developing large-scale solar infrastructure and supporting sustainable power generation through innovation and advanced technology integration.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.