Hot Pursuit     11-Mar-25
Waaree Renewable Tech bags LoA worth Rs 740 crore for solar power project
Waaree Renewable Technologies informed that it has received a letter of award (LOA) worth Rs 740.06 crore for EPC works on a solar power project with a capacity of 125 MWAC (181.3 MWp DC) on a turnkey basis, along with operation and maintenance.

The order was awarded by one of the leading power distribution companies, with a consortium comprising three members, including Waaree Renewable Technologies.

The total order size is 125 MWAC (181.3 MWp DC). The project is scheduled for completion within 18 months from the date of contract signing.

Waaree Renewable Technologies, a subsidiary of Waaree Group, is a leading solar EPC company based in Mumbai. In addition to EPC services, they also develop, finance, construct, own, and operate solar projects, focusing on commercial and industrial customers.

The company's consolidated net profit fell 16.71% to Rs 53.51 crore in Q3 FY25 as against Rs 64.25 crore posted in Q3 FY24. Revenue from operations increased 11.15% year on year to Rs 360.35 crore in the quarter ended 31 December 2024.

Shares of Waaree Renewable Technologies fell 2.69% to currently trade at Rs 810 on the BSE.

Previous News
  Waaree Renewables Technologies consolidated net profit rises 82.72% in the March 2025 quarter
 ( Results - Announcements 17-Apr-25   07:33 )
  Waaree Renewable Technologies receives LoA for solar power project
 ( Corporate News - 06-Sep-24   15:11 )
  Waaree Renewables Technologies receives credit ratings for bank facilities
 ( Corporate News - 17-Oct-24   19:05 )
  Waaree Renewables Technologies Ltd Spikes 5%, S&P BSE Utilities index Rises 1.51%
 ( Hot Pursuit - 18-Apr-24   09:30 )
  Waaree Renewables Technologies reports consolidated net profit of Rs 0.25 crore in the December 2021 quarter
 ( Results - Announcements 09-Feb-22   08:10 )
  Sangam Renewables reports consolidated net loss of Rs 0.47 crore in the December 2020 quarter
 ( Results - Announcements 05-Feb-21   18:18 )
  Waaree Renewables Technologies receives LoI for 4.27 MW DC solar power project
 ( Corporate News - 05-Dec-23   13:42 )
  Waaree Renewable hits record high after bagging EPC order from NEEPCO
 ( Hot Pursuit - 01-Mar-24   12:31 )
  Waaree Renewables Technologies wins order of Rs 547.5 cr
 ( Corporate News - 05-Feb-24   10:04 )
  Waaree Renewables bags contract for setting up solar plant of 100 MWp capacity
 ( Hot Pursuit - 06-Jul-23   11:30 )
  Waaree Renewables Technologies Ltd leads gainers in 'B' group
 ( Hot Pursuit - 14-Jan-25   12:15 )
Other Stories
  Rajshree Polypack bags Rs 3-cr supply order
  05-Jul-25   16:04
  Power and Instrumentation secures Rs 3-cr work order from Nyati Engineering & Construction
  05-Jul-25   15:06
  RVNL bags Rs 143 cr LoA from Southern Railway for traction system upgrade in Tamil Nadu
  05-Jul-25   13:27
  Dhanlaxmi Bank gross advances rises 17% YoY in Q1 FY26
  05-Jul-25   12:45
  Texmaco Rail secures Rs 36-cr wagon order from TCI
  05-Jul-25   12:12
  Hazoor Multi Projects bags Rs 913-cr solar order from Apollo Green Energy
  05-Jul-25   11:27
  BEML secures $6.23 million export orders
  05-Jul-25   11:04
  Shakti Pumps raises Rs 292.6 crore via QIP; PineBridge, LIC MF among top investors
  05-Jul-25   09:52
  Bank of Maharashtra’s total deposits climb 14% YoY to Rs 3.05 lakh crore in Q1
  04-Jul-25   17:35
  GPT Infraprojects bags supply contract from Bangladesh-based Standard Engineers
  04-Jul-25   16:01
Back Top