Shares of Waaree Renewable Applied sciences Ltd soared 11% on 16 October after the corporate introduced securing a LOA from a famend renewable power firm.
Waaree Renewable introduced in an alternate submitting that it has obtained a Letter of Award (LOA) from a famend renewable power firm for the execution of EPC works for a 150 MWac/217.5 MWp floor mount solar energy undertaking. The order totals round Rs 156.66 crore.
Based on the phrases of the deal, the undertaking is anticipated to be completed within the fiscal 12 months 2026–27.
Based on the company, the unexecuted order e book is 3.48 GWp, which will probably be accomplished through the subsequent 12-15 months. The bidding pipeline is stable at 27+ GWp.
Based on the administration, India’s renewable power momentum continues to develop, with complete put in capability reaching 256.1 GW as of September 2025, marking a big milestone within the nation’s clear power transition, bringing it midway to the five hundred GW goal of 2030 and additional aligning with India’s long-term internet zero imaginative and prescient.
Photo voltaic power accounts for 127.33 GW of complete renewable put in capability, demonstrating its vital position within the nation’s clear power transition, which is fueled by robust legislative assist and bold nationwide targets.
India’s photo voltaic EPC market is likewise shortly evolving, and our built-in expertise place us on the forefront of that shift. With a robust photo voltaic EPC unexecuted orderbook of three.48 GWp, the corporate is well-positioned to execute large-scale, built-in power initiatives and lead India’s power transition by offering worth all through the lifecycle, from design and supply to commissioning and O&M (Operations and Upkeep). As well as, the corporate is creating substations and transmission traces for specialised solar energy initiatives, in response to administration.
At 1:35 pm, the shares of Waaree Renewable have been buying and selling 10.81% larger at Rs 1,308 on NSE.
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