Waaree Renewable shares hit 5% upper circuit in early trading after the company announced securing a major contract for a 2012.47 MWp DC solar photovoltaic (PV) project. The landmark project, valued at ₹1,234 crore (excluding taxes), marks a significant milestone for the renewable energy leader and India’s green energy ambitions.
The company will oversee the Engineering, Procurement, and Construction (EPC) of the ground-mounted solar installation, awarded by a domestic client. The agreement reflects Waaree’s growing expertise in delivering large-scale renewable energy projects and reinforces its position as a key player in India’s solar power sector. With an execution timeline to be mutually agreed upon, the project demonstrates the increasing adoption of sustainable energy solutions in India.
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