Introduction:
Green energy stock has secured a major EPC contract for a 2,012.47 MWp DC solar PV project worth ₹12,334.78 million. This milestone highlights its growing role in driving sustainable energy initiatives within the renewable sector.
Share Price movement of Waaree Renewable Technologies:
On November 28, 2024, Waaree Renewable Technologies Ltd (BSE: WAAREERTL) opened at ₹1,494.45, maintaining the same as its intraday high, with an intraday low of ₹1,451.20. The stock is currently trading at ₹1,494.45, reflecting a 5.00% rise from its previous close of ₹1,423.30, with a market capitalization of ₹15,579.13 crore.
Waaree Technologies shares hit upper circuit:
Waaree Renewable Technologies Limited (WRTL) has secured a term sheet to execute Engineering, Procurement, and Construction (EPC) services for a ground-mounted Solar PV project with a capacity of 2,012.47 MWp DC. The project is valued at approximately ₹12,334.78 million, excluding taxes.
The client, engaged in renewable energy projects, has entrusted WRTL with the development of this substantial solar installation. The specific timeline for project execution will be mutually determined, ensuring alignment with both parties’ schedules and objectives.
This contract does not involve any related party transactions, as neither WRTL’s promoters nor group companies have interests in the awarding entity. Securing this project underscores WRTL’s growing prominence in the renewable energy sector and its commitment to advancing sustainable energy solutions.
Also Read: Suraksha Diagnostic Ltd IPO: All You Need to Know About GMP – Get the Details!
Recent news About Waaree Renewable Technologies:
Waaree Renewable Technologies Ltd announced the establishment of a new production facility for solar PV modules, boosting its capacity to cater to increasing demand in domestic and international renewable energy markets, further solidifying its industry position.
Stock performance of Waaree Technologies Renewable for Period of 1 week, 6 months and 1 year:
Waaree Renewable Technologies Ltd showcased varied stock performance, with a 1.91% gain over the past week, a decline of 40.5% over six months, and an impressive 427% growth over the last year, reflecting significant long-term investor confidence despite recent volatility.
Also Read: Rajputana Biodiesel IPO Day 3: Check GMP, Price Band, Allotment Dates Here
Shareholding pattern of Waaree Renewable Technologies Ltd:
| Summary | Sep-24 | Jun-24 | Mar-24 |
| Promoter | 74.40% | 74.50% | 74.50% |
| FII | 1.00% | 0.80% | 0.20% |
| DII | 0% | 0.00% | 0.00% |
| Public | 24.60% | 24.70% | 25.30% |
About Waaree Renewable Technologies:
Waaree Renewable Technologies Ltd, headquartered in Mumbai, specializes in renewable energy solutions, particularly solar power. It offers comprehensive services, including Engineering, Procurement, and Construction (EPC), promoting sustainable energy initiatives and contributing to India’s transition towards cleaner and more efficient energy systems.
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.
