Waaree Renewable Technologies witnessed a 5% surge in its shares after securing a significant Letter of Intent (LOI) for a 105 MWp (DC) ground-mounted solar power project. As of 11:57 AM, Waaree Renewable Technologies shares were trading 5.05% higher at Rs 1,097.10.
Valued at ₹277.20 crore (excluding taxes), this turnkey Engineering, Procurement, and Construction (EPC) project was awarded by a prominent wind energy company. Scheduled for completion in FY 2025-26, the domestic project marks a major milestone for Waaree in advancing renewable energy infrastructure.
Key Highlights:
- Project Value: ₹277.20 crore (excluding taxes).
- Awarding Entity: A prominent wind energy company.
- Timeline: Completion expected in FY 2025-26.
- Location: Domestic.
Waaree Renewable Technologies shares opened at ₹1,070.00, with a high of ₹1,110.00 and a low of ₹1,045.00 today. The 52-week high stands at ₹3,037.75, while the 52-week low is ₹500.00, showcasing significant price volatility over the past year.
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