Waaree Energies saw its shares climb 3% in morning trade after announcing a major international order secured by its U.S. subsidiary, Waaree Solar Americas. As of 9:20 AM, the shares were trading 2.82% higher at Rs 3,030.50.
The deal, confirmed on June 27, 2025, is for the supply of 540MW of solar modules to a prominent U.S.-based developer known for utility-scale solar and energy storage projects. While the customer’s name hasn’t been disclosed, the company is described as a key player in the American renewable energy space.
According to Waaree’s exchange filing, the order is split across timelines—270MW will be delivered in 2025, and the remaining 270MW will be supplied between 2027 and 2028. This is a one-time contract and forms part of Waaree’s broader strategy to expand its global reach.
The company also clarified that the deal does not involve any related parties, nor do any promoter group entities have a stake in the customer awarding the order.
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