Introduction:
Leading green energy company has secured a 362.5 MWp solar module supply order from Khaba Renewable Energy Pvt Ltd, a subsidiary of Engie India. The contract is set to commence in FY 2025-26, strengthening its role in renewable energy expansion.
Also Read: Auto stock jumps 3% after receiving order to supply 320 diesel fuel busses from Tamil Nadu Govt
Share price movement of Waaree Energies:
On February 20, 2025, Waaree Energies Ltd. opened at ₹2,237.95, up 0.79% from its previous close of ₹2,220.50. The stock hit a high of ₹2,319.00 (4.43%) and a low of ₹2,220.30. By 10:26 AM, it traded at ₹2,289.70, rising 3.12%, with a market cap of ₹65,779.23 crore.
Waaree Energies Wins 362.5 MWp Order:
Leading solar company Waaree Energies Limited has revised its earlier announcement, confirming that Khaba Renewable Energy Pvt Ltd, a subsidiary of Engie India, has awarded it a contract for the supply of 362.5 MWp solar PV modules.
The order is a one-time domestic contract, with module supply scheduled to commence in FY 2025-26. This significant deal strengthens Waaree Energies’ position in India’s renewable energy sector, reinforcing its role in supporting the nation’s transition to sustainable energy solutions.
Waaree Energies clarified that there is no promoter or related party interest in the awarding entity. The contract reflects the company’s growing influence in large-scale solar projects, further solidifying its leadership in the industry.
Recent news on Waaree Energies:
As of January 30, 2025, Waaree Energies Ltd. reported a multifold surge in net profit to ₹506.8 crore for Q3 FY24, driven by higher income. Total income rose to ₹3,545.2 crore, with strong growth in solar and renewable energy sectors.
Stock performance of Waaree Energies for Period of 1 week and 1 month:
Waaree Energies Ltd. recorded a 1.20% gain over the past week but saw a 17.0% decline in the last month. Despite short-term volatility, the company remains focused on growth in the renewable energy sector, strengthening its market position.
Also Read: IT stock hits 5% upper circuit after signing MoU with Powerhouse Technology
Shareholding pattern of Waaree Energies:
| Particulars | Dec 2024 | Oct 2024 |
| Promoter | 64.30% | 64.30% |
| FII | 1.40% | 2.20% |
| DII | 2.70% | 3.00% |
| Public | 31.60% | 30.50% |
About Waaree Energies:
Waaree Energies Ltd. (NSE: WAAREEENER), incorporated in December 1990, is a leading Indian manufacturer of solar PV modules with a 12 GW installed capacity. It operates five manufacturing facilities in India and has a strong international presence.
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.
