Shares of Waaree Energies Ltd surged 2.83% to ₹2,460.40 following the company’s announcement of a major contract win under the Solar Energy Corporation of India Limited’s (SECI) SIGHT Scheme. The project involves developing a green hydrogen production facility with a capacity of 90,000 MT per annum, aligning with India’s goal to become a global leader in green hydrogen production.
Key Highlights:
- Contracting Entity: Waaree Clean Energy Solutions Private Limited, a wholly-owned subsidiary of Waaree Energies Ltd
- Project Scope: Development of a 90,000 MT per annum green hydrogen facility
- Scheme: Strategic Interventions for Green Hydrogen Transitions (SIGHT), Model-1, Tranche-II
- Notification of Award (NOA) Received: January 30, 2025
This milestone reflects Waaree Energies’ commitment to renewable energy expansion and technological innovation. The company emphasized transparency and stakeholder engagement, promising regular project updates on its website.
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
