Waaree Renewable Technologies has bagged a Rs 1,252.43 crore order from Waaree Forever Energies, a subsidiary of the group holding company. Waaree Renewable said that, as part of the order, the company will develop a turnkey EPC execution of an 870 MWac / 1218 MWp Grid Connected Ground Mount Solar Power Project.
The order also includes a 33kV/400kV substation, a transmission line, and two years of Operation and Maintenance (O&M) services. Further, Waaree Renewable stated that the project is scheduled to be completed by FY26-FY27.
Wareee Renewable FY25 business
Waaree Renewable operates under the parent company Waaree Energies. The company is actively involved in the solar energy development sector, where it finances, constructs, owns, and operates solar projects.
As per the company’s annual report, Waaree Renewable’s revenue from operations stood at Rs 1,597 crore for FY25. The company’s revenue jumped 113 per cent annually over 3 years. Its FY25 EBITDA came in at Rs 310 crore, and its FY25 profit was at Rs 228 crore.
As per the company records, Waaree Renewables has installed over 10,000 solar projects and has a total operating capacity of over 600 MW.
Waaree Renewable share price
On Tuesday, after receiving the massive Rs 1,252 crore order, Waaree Renewable’s share price jumped over 2.5 per cent. Waaree Renewable was listed in April this year and has gained over 21 per cent since its debut.