Waaree Energies Share Price In Focus; Secures 524 MWp Solar PV Orders

On December 02, 2024, Waaree Energies, announced receiving significant orders for the supply of 524 MWp of Solar PV modules from prominent domestic customers in the renewable energy sector. The supply is set to begin in FY 2024-25 and continue into FY 2025-2026.

Waaree Energies Boosts Solar Market Presence

These orders, totalling 524 MWp (364 MWp and 160 MWp), comply with SEBI’s regulatory requirements. Waaree Energies confirmed that the contracts are with domestic entities and are one-time orders.

The company also clarified that the promoters or group companies have no interest in the entities awarding the contracts, and these transactions are not related-party dealings. This deal further strengthens Waaree Energies’ position in the Indian solar market.

Waaree Energies Share Price Performance

On December 03, 2024, Waaree Energies’ share price traded 1.15% lower at ₹2,706.75 at 9:45 AM on the NSE. The stock opened at ₹2,755.05, higher than the previous close of ₹2,738.30.

Waaree Energies Q2 FY25 Order Book Highlights

In its second-quarter results for the fiscal year 2025, Waaree Energies reported an impressive order book of approximately 20 GW as of September 30, 2024, reflecting strong customer confidence in its execution capabilities.

The Board of Directors has approved an investment of up to ₹6,000 million for the establishment and development of infrastructure, including land and connectivity, to support the development of Renewable Power projects and the bidding pipeline.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.