Waaree Renewable Technologies shares surge 5% as company bags LoA worth Rs 990.6 crore for solar power plant

According to CNBC-TV18, Waaree Renewable Technologies has secured a Letter of Award (LoA) valued at Rs 990.6 crore for the execution of an Engineering, Procurement, and Construction (EPC) solar power plant. The plant boasts a capacity of 980 MWp/700 MWac.

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Following this announcement, the company’s shares surged nearly 5% higher, reaching ₹4,650.15.