Waaree Energies Lands Major Solar Module Order

Waaree Energies has secured a significant order to supply up to 1 GW of solar PV modules to a domestic firm engaged in renewable energy projects. The deliveries are to start in FY 2024-25 and FY 2025-2026. Company's shares rose 2.25% following this announcement.

Waaree Energies announced on Monday its acquisition of a significant contract to supply up to 1 GW capacity in solar PV modules to a domestic renewable energy company.

This order was detailed in a regulatory filing, indicating Waaree would deliver these modules beginning in the fiscal years 2024-25 and 2025-26.

Following the announcement, Waaree Energies' shares traded 2.25% higher, reaching Rs 2,965.85 per share on the Bombay Stock Exchange.