Introduction:
Green energy stock secured a ₹277.20 crore order for a 105 MWp ground-mount solar project on a turnkey basis, showcasing its EPC expertise and commitment to advancing India’s renewable energy transition while ensuring transparency and regulatory compliance.
Share Price movement of Waaree Renewable Technologies:
On January 20, 2025, Waaree Renewable Technologies Ltd opened at ₹1070.00, stock reached an intraday high of ₹1118.00, reflecting a 6% increase from the previous close of ₹1044.35. and a low of ₹1045.00. By 01:45 PM, it traded at ₹1087.65, with a market cap of ₹11338.38 crore.
Waaree Renewable Technologies received new order:
Waaree Renewable Technologies Limited announced receiving a Letter of Intent (LOI) for executing a 105 MWp ground-mount solar power project on a turnkey basis from a leading wind energy company. The project, valued at ₹277.20 crores (excluding taxes), marks a significant milestone for the company.
The project, scheduled for completion in FY 2025-26, emphasizes Waaree’s expertise in Engineering, Procurement, and Construction (EPC) solutions for renewable energy. This commercial order highlights the company’s role in supporting India’s clean energy transition, with no related party transactions involved.
As a domestic project, the LOI reinforces Waaree’s strong presence in India’s renewable energy market. The promoters and group companies have no vested interest in the awarding entity, ensuring transparency and compliance with SEBI regulations.
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Recent news About Waaree Renewable Technologies :
On January 10, 2025, Waaree Renewable Technologies announced the commissioning of a 50 MW solar power project in Gujarat. This project strengthens the company’s renewable energy portfolio and aligns with India’s vision for sustainable energy development.
Stock performance of Waaree Renewable Technologies for Period of 1 week, 6 months and 1 year:
Waaree Renewable Technologies delivered a 9.82% return over the past week, a decline of 44.3% over six months, and an impressive growth of 82.2% over one year, reflecting a mix of short-term challenges and long-term performance strength.
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 (BSE:WAAREERTL) specializes in solar energy solutions, including manufacturing, engineering, and executing solar power projects. With a focus on sustainability and innovation, it supports India’s clean energy goals through advanced technologies and efficient renewable energy solutions.
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.
