Waaree Renewable Technologies Gains 2.15% After It Secures ₹156.66 Crore EPC Order for 150 MWac Solar Project

Mumbai, October 16: Waaree Renewable Technologies Ltd share price is witnessing heavy investor demand today, on October 16. As of 11:11 AM, the shares are up by 2.15%, or 75.60 points, and are trading at ₹3,594. Until now, the shares have traded within a range of ₹3,609.90 and ₹3,526. The current traded volume stands at 12.85 lakh shares, with the company’s market cap at ₹1,01,204 crore. The shares have their 52-week high at ₹3,865 and their 52-week low at ₹1,863.

Waaree Renewable Technologies Limited is a renewable energy company and provides solar Engineering, Procurement, and Construction (EPC). The company was established in 1999 and is headquartered in Mumbai, Maharashtra. The shares of the company are listed on NSE with the ticker symbol WAAREEENER and 534618.

Key Trigger: Securing ₹156.66 Crore EPC Order for 150 MWac Solar Project

The rise in the share price comes after the company announced that it has received a Letter of Award (LOA) worth approximately ₹156.66 crore. The LOA is for an Engineering, Procurement and Construction (EPC) contract for a 150 MWac / 217.5 MWp ground-mounted solar power project. The company also announced that it will be executing the order within the financial year 2026-27.

The order is significant for the company as it will lead to revenue visibility and contribute positively to the company’s order book. It will also help the company in getting new such orders as the company can leverage this project to showcase its future potential.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/504402e9-01be-4c69-b118-1305396c7eb3.pdf

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