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Waaree Renewable Wins ₹346 Crore Solar Project in Rajasthan

Written by: Kusum KumariUpdated onJun 4, 2025, 4:48 PM IST
Waaree secures ₹346.33 crore EPC solar project in Bikaner, Rajasthan; 300 MW AC capacity with robotic cleaning, to be completed in FY26.
Waaree Renewable Wins ₹346 Crore Solar Project in Rajasthan
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Waaree Renewable Technologies Ltd (WRTL) has bagged a major solar project worth ₹346.33 crore in Bikaner, Rajasthan. The order was given by a well-known Indian renewable energy company.

Project Details

The company received a Letter of Award (LOA) for a 300 MW AC / 435 MW DC ground-mounted solar power project. This includes full Engineering, Procurement, and Construction (EPC) work.

One of the highlights of the project is the use of advanced robotic cleaning systems, which will help improve performance and reduce future operation and maintenance (O&M) costs.

Timeline and Completion

The project is expected to be completed in the financial year 2025–26, making it a key addition to India’s clean energy goals.

Sunil Rathi, Executive Director at WRTL, expressed excitement about the project and emphasized the importance of the partnership for future growth.

Waaree Renewable Technologies Share Price Performance

As of June 4, 2025, at 3:30 PM IST, Waaree Renewable Technologies share price was trading at ₹1,095.10, up ₹63.20 or 6.12% for the day. The stock opened at ₹1,040.00, hit a high of ₹1,099.00 and a low of ₹1,039.20 during the session. 

Read More: Did Coforge Shares Really Hit a 52-Wk Low Today, June 4? Here's What Actually Happened.

Financial Highlights

Earlier, the company posted strong Q4 FY25 results:

  • Profit: ₹93.77 crore (up 82.75% YoY)
  • Revenue: ₹476.58 crore (up 74.37% YoY)

FY25 Highlights:

  • Full-year profit: ₹228.92 crore
  • Total revenue: ₹1,597.75 crore

Conclusion

Waaree Renewable Technologies continues to strengthen its position in India’s solar sector with large-scale projects and strong financials. The new Rajasthan order, along with advanced technology and steady growth, signals a bright and sustainable future for the company.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jun 4, 2025, 4:48 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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