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2d ago

Waaree Renewable Wins Rs 1,252 Crore EPC Order for 1.2 GWp Solar Project as Shares Rise 5%

An internal mandate from a group subsidiary lifts revenue visibility, sharpening attention on execution through FY27.

Waaree Renewable shares jump 5% on Rs 1,252 crore order win; all you need to know
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Overview

  • Waaree Renewable received a Rs 1,252.43 crore Letter of Award from Waaree Forever Energies, a subsidiary of the group holding company.
  • The contract covers a turnkey EPC for an 870 MWac/1,218 MWp grid-connected ground-mount solar plant.
  • Scope includes a 33kV/400kV substation, transmission line works, and two years of operations and maintenance.
  • The company expects the project to be completed in FY27, adding to its medium-term order pipeline.
  • The stock rose about 5% intraday, hitting a high of Rs 1,063.45 on the BSE, with shares later trading around Rs 1,037.80 and a market cap near Rs 10,818 crore.