Shares of Waaree Energies Ltd rallied 4% on 11 June after the corporate’s wholly-owned subsidiary, Waaree Photo voltaic Americas, obtained a big order for 599 megawatts (MW) of photo voltaic modules from a well-known worldwide consumer.
In a BSE submitting, the corporate introduced, “Waaree Photo voltaic Americas, a wholly-owned subsidiary of the corporate, has obtained an order for the availability of 599 MW photo voltaic modules from a widely known buyer engaged within the growth and operation of utility-scale photo voltaic and vitality storage initiatives throughout america.”
Waaree Energies has emerged as a key participant in India’s photo voltaic vitality sector, holding the excellence of being the nation’s largest photo voltaic PV module producer. The corporate at the moment accounts for practically 44% of India’s photo voltaic module exports and fulfils about 21% of the nation’s home demand. Waaree has considerably expanded its manufacturing capability, scaling up from 2 GW to 13.2 GW, which is a exceptional development trajectory that underscores its dominant place within the business.
Waaree’s improved margins and return on fairness (RoE) place the corporate for future development.
Waaree Energies, based in December 1990, is an Indian maker of photo voltaic PV modules. In March 2025, promoters owned a 64.30% share within the photo voltaic module producer. The Mumbai-based firm has an put in capability of just about 15 GW for photo voltaic PV modules and 5.4 GW for photo voltaic cells.
At 2:30 pm, the shares of Waaree Energies had been buying and selling 0.94% greater at Rs 2,864.60 on NSE.
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