Shares of Waaree Renewable Technologies Ltd. are expected to remain in the spotlight today following the company’s announcement of a significant order win. The renewable energy major has secured a 2012.47 MWp DC solar photovoltaic (PV) project, valued at ₹1,234 crore (excluding taxes), marking one of the largest deals in its portfolio.
Shares of Waaree Renewables ended at Rs 1,423.30, up o.5% on the NSE on Wednesday, November 27. The stock so far this year has surged close to 260%. However, in the last one month, the stock has given negative returns of nearly 5%.
The project, awarded by a domestic entity, will involve Engineering, Procurement, and Construction (EPC) for a ground-mounted solar installation. The substantial size of the order underlines Waaree Renewable’s growing dominance in the renewable energy sector, particularly in the solar EPC domain.
This development is expected to generate strong investor interest, with the stock likely to see heightened trading activity today. As India accelerates its transition toward renewable energy, Waaree Renewable’s robust project pipeline and execution capabilities position it as a key player in the market.
