Waaree Energies Stock Soars: Solar Giant Secures Massive 362.5 MWp Order

Waaree Energies' share price surged over 4% on February 20, 2025, reaching an intraday high of Rs 2,319. The rally was fueled by a significant order win for 362.5 MWp of solar modules from Khaba Renewable Energy, a subsidiary of Engie India. The company will supply its advanced 600Wp Elite BiN-08 n-type TOPCon modules for NHPC projects. This order strengthens Waaree's position in India's renewable energy sector, showcasing its 15 GW module and 5.4 GW cell manufacturing capabilities. Additionally, Waaree reported a 295.65% increase in Q3 FY25 net profit, reaching Rs 471.39 crore, with revenue jumping 116.6% year-on-year.

 

Source: Business Standard