Introduction:
Leading solar energy company has secured a significant 150 MWp solar module supply order from a prominent renewable power project developer. The contract, valued for its scope, will support India’s growing renewable energy market with deliveries beginning in FY 2025-26.
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Share price movement of Waaree Energies:
On January 2, 2025, Waaree Energies Limited opened at ₹2,869.00, down 0.69% from its previous close of ₹2,860.80. The stock reached a high of ₹2,877.35 (0.58%) and a low of ₹2,830.15. By 12:24 PM, it traded at ₹2,841.00, with a market cap of ₹81,617.16 crore.
Waaree Energies Secures 150 MWp Solar Module Supply Order:
Waaree Energies Limited has secured a major order for the supply of solar modules, totaling 150 MWp, from a renowned customer in the renewable energy sector. The contract, a one-time order, reflects Waaree’s growing influence in the market.
The supply of solar PV modules is set to begin in the fiscal year 2025-26. This significant deal underscores the company’s strong foothold in India’s renewable energy space. The order was awarded by a domestic entity involved in the development of renewable power projects.
Waaree Energies has clarified that the order does not involve any related-party transactions and that it has been awarded at arm’s length. The company continues to strengthen its position in India’s solar energy sector.
Recent news on Waaree Energies:
As of December 7, 2024, Waaree Energies has incorporated a new wholly owned subsidiary, Waaree Renewable Energies Australia PTY Ltd. The subsidiary will focus on expanding the company’s renewable energy business in Australia.
Stock performance of Waaree Energies for Period of 1 week and 1 month:
Waaree Energies Limited has shown positive performance with a 1.38% return over the past week and a notable 6.13% increase over the last month. The company continues to demonstrate growth in the renewable energy sector.
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Shareholding pattern of Waaree Energies:
| All values in % | Oct 2024 |
| Promoter | 64.30% |
| FII | 2.20% |
| DII | 3.00% |
| Public | 30.50% |
About Waaree Energies:
Waaree Energies Limited (NSE: WAAREEENER) is India’s largest solar PV module manufacturer with 12 GW of installed capacity. It operates five manufacturing facilities across India and engages in solar project development and electricity sales.
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.
