Waaree Renewable Technologies Ltd, a solar power EPC major, has secured a massive Rs 990.60 crore order from a domestic company for the execution of EPC work for a solar power plant. The plant will have a capacity of 980 MWp /700 MWac and it will be executed on a turnkey basis. The company’s shares flared up to Rs 4,650.15 after this announcement.
The Rs 990.60 crore order secured by Waaree Renewable Technologies Ltd is for the execution of EPC work for a solar power plant of 980 MWp /700 MWac on a turnkey basis. This order is a major win for the company and underlines its expertise in the solar power segment.
The announcement of this order has had a positive impact on the company’s shares, which went up to Rs 4,650.15, hitting the upper price band. This surge in the share price is a reflection of the market’s positive response to the company’s latest achievement.
This development highlights the growing importance of solar power in the country and the opportunities it presents for companies operating in the sector. Waaree Renewable Technologies Ltd’s ability to secure such a large order further cements its position as a major player in the solar power EPC segment.
The successful execution of this project will not only be a significant achievement for Waaree Renewable Technologies Ltd but will also contribute to the country’s renewable energy goals. Overall, this order signifies a major milestone for the company and reinforces its commitment to the development of solar power in India.
