Waaree Renewable Technologies Ltd has enhanced its order value to ₹1.03 billion from ₹902.9 million and expanded contract capacity from 30 MWP to 35 MWP. The move strengthens its renewable energy portfolio, signaling robust growth and reinforcing India’s push toward large-scale solar infrastructure and clean energy adoption.
Waaree Renewable Technologies Ltd, one of India’s leading solar energy companies, has reported a significant enhancement in its ongoing project contract. The company confirmed that the order value has been raised to ₹1.03 billion, up from the earlier ₹902.9 million, while the contract capacity has been expanded from 30 MWP to 35 MWP.
Key Highlights
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Order Value Boost: The revised contract reflects a 14% increase in value, underscoring growing demand for renewable energy solutions.
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Capacity Expansion: The project’s solar capacity has been scaled up to 35 MWP, strengthening Waaree’s footprint in India’s clean energy transition.
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Strategic Growth: The enhancement highlights Waaree’s ability to secure larger contracts and deliver scalable renewable projects, aligning with India’s ambitious solar targets.
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Market Sentiment: Analysts view the development as a positive signal for investors, showcasing Waaree’s strong execution capabilities and rising order book.
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Sector Context: With India aiming for 500 GW of renewable capacity by 2030, Waaree’s expansion reinforces its role as a key contributor to the country’s green energy roadmap.
This announcement reflects Waaree’s continued momentum in the renewable sector, positioning it as a front-runner in solar infrastructure development.
Sources: Economic Times, Moneycontrol, Waaree Group