Waaree Renewable Technologies Ltd

 Waaree Renewable Technologies has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of 870 MWac/1218 MWp Grid Connected Ground Mount Solar Power Project, which includes a 33kV/400kV Substation and transmission line works. The project scope also covers two years of Operation and Maintenance (O&M) Services. The order is valued at Rs 1,252.43 crore and is to be completed in FY 2026-27.Powered by Capital Market - Live

The order, valued at approximately Rs 1,252.43 crore, has been awarded by Waaree Forever Energies, a subsidiary of the holding company. The turnkey Engineering, Procurement and Construction (EPC) contract includes the setup of a grid-connected ground mount solar power project, a 33kV/400kV substation, transmission line works, and two years of operations and maintenance services. The project is scheduled for completion in the financial year 2026-27, subject to statutory approvals. The order qualifies as a related party transaction, being awarded by its group company, but has been undertaken at arm's length. Waaree Renewable Technologies, based in Mumbai, is a subsidiary of the Waaree Group and leads the group's Solar EPC operations. In addition to engineering, procurement, and construction, the company develops, finances, builds, owns, and operates solar power projects as part of its long-term investment approach. Its activities span multiple geographies, with a primary focus on commercial and industrial customers. Formed to capitalize on the expanding renewable energy sector, Waaree Renewable Technologies serves its clients by implementing on-site solar installations'including rooftop and ground-mounted systems'as well as off-site open access solar farms dedicated to providing clean energy solutions. On a consolidated basis, net profit of Waaree Renewable Technologies surged 205.44% to Rs 86.44 crore while net sales rose 155.21% to Rs 603.19 crore in Q1 June 2025 over Q1 June 2024. Powered by Capital Market - Live

Waaree Renewable Techs. announced that the Annual General Meeting(AGM) of the company will be held on 23 September 2025.Powered by Capital Market - Live

Net profit of Waaree Renewable Technologies rose 205.44% to Rs 86.44 crore in the quarter ended June 2025 as against Rs 28.30 crore during the previous quarter ended June 2024. Sales rose 155.21% to Rs 603.19 crore in the quarter ended June 2025 as against Rs 236.35 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales603.19236.35 155 OPM %19.4917.38 - PBDT118.8140.81 191 PBT116.5739.27 197 NP86.4428.30 205 Powered by Capital Market - Live

Sterlite Technologies Ltd, Godfrey Phillips India Ltd, Mishra Dhatu Nigam Ltd and TVS Holdings Ltd are among the other gainers in the BSE's 'A' group today, 15 July 2025.Waaree Renewable Technologies Ltd spiked 13.04% to Rs 1102.55 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 4.2 lakh shares were traded on the counter so far as against the average daily volumes of 48678 shares in the past one month. Sterlite Technologies Ltd soared 8.95% to Rs 113.2. The stock was the second biggest gainer in 'A' group. On the BSE, 9.63 lakh shares were traded on the counter so far as against the average daily volumes of 31.96 lakh shares in the past one month. Godfrey Phillips India Ltd surged 8.20% to Rs 9781.6. The stock was the third biggest gainer in 'A' group. On the BSE, 42637 shares were traded on the counter so far as against the average daily volumes of 10071 shares in the past one month. Mishra Dhatu Nigam Ltd added 7.96% to Rs 433.35. The stock was the fourth biggest gainer in 'A' group. On the BSE, 9.01 lakh shares were traded on the counter so far as against the average daily volumes of 79334 shares in the past one month. TVS Holdings Ltd gained 5.96% to Rs 12194.85. The stock was the fifth biggest gainer in 'A' group. On the BSE, 614 shares were traded on the counter so far as against the average daily volumes of 364 shares in the past one month. Powered by Capital Market - Live

Waaree Renewable Techs. will hold a meeting of the Board of Directors of the Company on 17 July 2025.Powered by Capital Market - Live

The company shall develop the ground mount solar power project including operation and maintenance (O&M) 21 MW AC /29.4 MW DC capacity. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0). The project is scheduled to be completed in the financial year 2025- 26, as per the terms of the order. Waaree Renewable Technologies (WRTL) is a subsidiary company of Waaree Group and is spearheading the solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on a 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The counter shed 0.94% to settle at Rs 989.10 on the BSE.Powered by Capital Market - Live

According to an exchange filing, the company will undertake the project on a turnkey engineering, procurement, and construction (EPC) basis. The final contract value and execution timeline will be mutually decided at a later stage, following the signing of a definitive agreement between the two parties. The company further clarified that the transaction does not involve any related parties. Neither the promoter, promoter group, nor any group companies have any interest in Viet Khanh or the project. Waaree Renewable Technologies (WRTL) is a subsidiary company of Waaree Group and is spearheading the solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on a 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The counter rose 0.32% to Rs 988 on the BSE. Powered by Capital Market - Live

The order pertains to a 2,012.47 megawatt peak (MWp) ground-mounted solar PV project, and all existing terms and conditions of the original contract remain unchanged. In a regulatory filing, the company confirmed it received the revised scope of work under the same contract on June 20, 2025. The project continues to be executed for a domestic entity. The project execution timeline is expected to be decided mutually. This enhancement in scope follows Waaree's original announcement in November 2024 about securing the commercial contract for the large-scale renewable energy project. The company clarified that the contract does not fall under related party transactions and that the promoters or group companies have no vested interest in the client entity. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The scrip rallied 4.37% to settle at Rs 984.80 on Friday, 20 June 2025. Powered by Capital Market - Live

The new contract is valued at approximately Rs 346.33 crore. The project, awarded by a domestic renewable generation company, involves the development of a ground-mount solar power plant with a capacity of 300 MW AC / 435 MW DC. Waaree Renewable Technologies is tasked with completing the project within the financial year 2025-26, as per the terms stipulated in the LoA. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The company's consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live