Shares of Waaree Renewable Applied sciences Ltd surged 3% to the touch a day’s excessive of Rs 1,062.80 on ninth September. This surge occurred after the corporate knowledgeable exchanges that it had acquired a Letter of Award (LoA) value Rs 1,252 crore from Waaree Eternally Energies for a solar energy challenge.
Waaree Eternally Energies, which awarded the challenge, is a subsidiary of the holding firm.
The challenge covers the turnkey EPC execution of an 870 MWac / 1,218 MWp grid-connected solar energy plant. It’ll embrace a 33kV/400kV substation, transmission line, and two years of operation and upkeep (O&M) providers.
The plant, with a complete capability of 870 MWac / 1,218 MWp, is predicted to be accomplished within the monetary 12 months 2026-27. This completion is, nevertheless, topic to approvals.
At 3:30 PM, the shares of Waaree Renewable ended 3.03% larger at Rs 1,043.50 on NSE.
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