Tata Motors Shares to Remain in Focus as US Imposes 25% Tariffs on Non-US Manufactured Cars

Shares of Tata Motors, the parent company of Jaguar Land Rover (JLR), are expected to be in focus on Thursday, March 27, after US President Donald Trump announced a 25% tariff on imported cars not manufactured in the US.

The tariffs will take effect on April 2, coinciding with Trump’s announcement of reciprocal tariffs on other countries, details of which are still awaited.

Significance of the US Market for JLR

The US is a crucial market for Jaguar Land Rover, with North America accounting for nearly one-third of JLR’s total sales in 2024.

According to JLR’s annual report for FY24, 22% of its global sales originated from the US market, making it a significant contributor to the company’s revenue.

Financial Outlook and Stock Performance

Tata Motors’ management has recently reaffirmed that JLR is on track to achieve its fourth-quarter guidance of 10% EBIT margins and aims to be net debt-free by the end of the current financial year. These comments had previously helped the stock recover from its 52-week low of ₹606.

Despite this recovery, Tata Motors share price remained 40% below their peak of ₹1,179, reached on July 30 last year. The stock has gained 16% from its 52-week low but ended Wednesday’s trading session 0.4% lower at ₹707.

Conclusion 

Tata Motors shares face uncertainty as US tariffs threaten JLR’s key market, contributing 22% of global sales.

While JLR maintains its Q4 margin target and debt-free goal, the 25% tariff could pressure profitability. Despite recovering 16% from lows, the stock remains 40% below its peak. Investors will monitor tariff details and JLR’s strategic response to gauge long-term impact.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Info Edge Receives ₹17.05 Crore Income Tax Demand For AY2023-24

Naukri.com owner Info Edge (India) Limited announced on Wednesday, March 26, that it has received an income tax demand of ₹17.05 crore under Section 143(3) of the Income Tax Act, 1961, for the assessment year 2023-24.

The company disclosed the receipt of the Assessment Order and Notice of Demand dated March 25, 2025, from the Assessment Unit of the Income Tax Department in a regulatory filing.

Reason for the Tax Demand

The demand primarily arises due to the disallowance of employee stock option plan (ESOP) expenses claimed by Info Edge. The order was received on March 25, 2025.

Company’s Response and Appeal Consideration

Info Edge is currently reviewing the assessment order and evaluating potential legal actions, including the possibility of filing an appeal. The company noted that similar ESOP-related disallowances for the assessment years 2016-17 and 2022-23 are still pending before the Commissioner of Income Tax (CIT) appeal.

However, Info Edge highlighted that in past cases, particularly for the assessment year 2007-08, the Income Tax Appellate Tribunal (ITAT) had ruled in its favour.

No Material Financial Impact

Despite the tax demand, Info Edge reassured stakeholders that the order would not have any material impact on its financial operations or activities in the current financial year. “There is no material impact on the financials of the company, no impact on operations or other activities of the company relating to the order passed for the said assessment year in the current financial year,” the company stated.

Stock Performance

On March 26, 2025, Info Edge share price ended 1.25% lower at ₹7,049.60. Info Edge’s share price reached a 52-week high of ₹9,194.95, and a 52-week low of ₹5,156.00. As per BSE, the total traded volume for the stock stood at 2,212 shares with a turnover of ₹1.58 crores.

According to exchange data, Info Edge shares are trading at a price-to-earnings (P/E) ratio of 125.26x, based on its trailing 12-month earnings per share (EPS) of ₹56.28, and a price-to-book (P/B) ratio of 2.64.

Conclusion

Info Edge (India) Ltd has received a ₹17.05 crore tax demand for AY2023-24 due to ESOP expense disallowance.

The company is reviewing the order and may appeal, citing favourable past ITAT rulings. While similar cases remain pending, Info Edge assures no material financial or operational impact. The firm remains confident in its legal position and will pursue appropriate remedies to resolve the matter.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SBI Life Insurance Faces ₹23.80 Crore Tax Penalty, Plans to Contest Order

SBI Life Insurance Company Ltd announced on Wednesday, March 26, that it has received an Income Tax Order under Section 270A from the Assessment Unit of the Income Tax Department, imposing a penalty of ₹23.80 crore for the Assessment Year 2018-19 (Financial Year 2017-18).

The company stated in a regulatory filing that the order was received on March 26, 2025, at 1:23 AM. However, it emphasised that the order would have no adverse material impact on its financial operations.

Reason for the Penalty

According to SBI Life, the penalty has been levied due to an alleged erroneous addition of allowable expenses under the Income Tax Act, of 1961.

Despite the imposition of the penalty, the company clarified that the tax demand and interest for the period stand at nil.

Company’s Response and Appeal Plan

SBI Life Insurance has stated that it strongly disagrees with the penalty and intends to contest it. The company plans to file a rectification request and appeal the order before the Appellate Authority.

While addressing concerns regarding its financial standing, SBI Life reassured stakeholders that the imposed penalty would not materially impact its financial operations. The company remains committed to resolving the matter through legal proceedings.

Stock Performance

On March 26, 2025, SBI Life share price ended 0.88% lower at ₹1,542.70. SBI Life’s share price reached a 52-week high of ₹1,935, and a 52-week low of ₹1,307.

As per BSE data, the total traded volume for the stock stood at 7,138 shares with a turnover of ₹1.10 crores.

Conclusion

SBI Life Insurance will challenge the ₹23.80 crore penalty under IT Section 270A, calling it unjustified due to disputed expense claims.

The company assures no material financial impact and plans to appeal. While complying with legal processes, SBI Life remains confident in its position and committed to safeguarding stakeholder interests.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Shares That Hit Circuit Limits On March 26, 2025, Exicom Tele-Systems, Capri Global Capital, and More

On March 26, 2025, BSE Sensex closed 0.93% lower at 77,288.50, while Nifty50 plunged 0.77% to 23,486.85. Amidst the market volatility, stocks like Exicom Tele-Systems, Zaggle Prepaid Ocean Services, Capri Global Capital, and Kernex Microsystems (India) hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on March 26, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
Capri Global Capital 197.58 17.62 20 466.8 883.46
Tourism Finance Corporation of India 166.4 18.98 20 118.19 190.69
Avalon Technologies 776.95 3.21 5 6.9 53.57
Dhanlaxmi Bank 30.15 4.87 5 82.64 24.82
Tarc Ltd 123 0.9 5 11.45 14.3

Stocks That Hit Lower Circuit on March 26, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
Ventive Hospitality 708.4 -4.71 5 11.73 83.18
Transformers and Rectifiers 492.95 -4.12 5 8.47 42.96
Zaggle Prepaid Ocean Services 328.5 -4.49 5 8.31 27.7
Kernex Microsystems (India) 808.95 -4.89 5 2.22 18.13
Exicom Tele-Systems 152.9 -5 5 10.46 16.43

Overview of Companies Hitting Circuits Today

  • Capri Global Capital 

On March 26, 2025, Capri Global Capital share price ended 16.23% higher at ₹195.20. Capri Global Capital share price reached a 52-week high of ₹251.90, and a 52-week low of ₹151.10. At the current price, Capri Global Capital shares are trading at a price-to-earnings (P/E) ratio of 44.32x, based on its trailing 12-month earnings per share (EPS) of ₹3.79, and a price-to-book (P/B) ratio of 3.73, according to exchange data.

  • Tourism Finance Corporation of India 

On March 26, 2025, Tourism Finance Corporation of India share price ended 19.34% higher at ₹167.20. Tourism Finance Corporation of India share price reached a 52-week high of ₹219.40, and a 52-week low of ₹122.15. At the current price, Tourism Finance Corporation of India shares are trading at a price-to-earnings (P/E) ratio of 13.80x, based on its trailing 12-month earnings per share (EPS) of ₹10.15, and a price-to-book (P/B) ratio of 1.11, according to exchange data.

  • Avalon Technologies

On March 26, 2025, Avalon Technologies share price ended 3.97% higher at ₹783.50. Avalon Technologies’s share price reached a 52-week high of ₹1,074.00, and a 52-week low of ₹426.25. At the current price, Avalon Technologies shares are trading at a price-to-earnings (P/E) ratio of 144.56x, based on its trailing 12-month earnings per share (EPS) of ₹5.42, and a price-to-book (P/B) ratio of 7.52, according to exchange data.

  • Exicom Tele-Systems

On March 26, 2025, Exicom Tele-Systems share price ended 5% lower at ₹153.00. Exicom Tele-Systems’ share price reached a 52-week high of ₹530.40, and a 52-week low of ₹130.45. At the current price, Exicom Tele-Systems shares are trading at a price-to-earnings (P/E) ratio of 39.03.x, based on its trailing 12-month earnings per share (EPS) of ₹3.92, and a price-to-book (P/B) ratio of 2.80, according to exchange data.

  • Kernex Microsystems

On March 26, 2025, Kernex Microsystems share price ended 5% lower at ₹812.65. Kernex Microsystems’ share price reached a 52-week high of ₹1,584.00, and a 52-week low of ₹333.55. At the current price, Kernex Microsystems shares are trading at a price-to-earnings (P/E) ratio of 205.21x, based on its trailing 12-month earnings per share (EPS) of ₹3.96, and a price-to-book (P/B) ratio of 10.24, according to exchange data.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

L&T Secures Record ₹15,000 Crore LNG Project Order from QatarEnergy

Larsen & Toubro (L&T) has announced that its hydrocarbon business has won an ‘ultra mega’ offshore contract from QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project.

The contract, classified by L&T as an ‘ultra mega’ order, is valued at over ₹15,000 crore, making it the largest single order in the company’s history.

Scope of the Project

As part of the deal, L&T will handle the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes.

These complexes will include large offshore platforms equipped with compression and power generation facilities, along with living quarters, flare platforms, interconnected bridges, and other associated structures.

Located approximately 80 km off the northeast coast of Qatar, these facilities will play a crucial role in sustaining gas production from the North Field, one of the world’s largest natural gas reserves.

Significance of the Contract

Expressing his enthusiasm about this achievement, S N Subrahmanyan, Chairman & Managing Director of L&T, stated “Securing QatarEnergy LNG’s Ultra Mega Offshore Contract—the largest single order in our history—is a landmark achievement. This prestigious project strengthens our global energy portfolio while supporting Qatar’s energy security objectives.”

Subramanian Sarma, Deputy Managing Director & President of L&T, added that the collaboration further cements the company’s partnership with QatarEnergy LNG and reaffirms L&T’s commitment to providing innovative and reliable solutions for Qatar’s energy sector.

Stock Performance

Following the announcement, L&T share price was trading 0.3% higher at ₹3,480.7 as of 11:10 AM on March 26. The stock has gained 8.45% in the past month, showcasing positive investor sentiment towards the company’s growth prospects.

Conclusion

This offshore contract marks a major milestone for L&T in the global energy sector. By securing this deal, L&T is not only reinforcing its presence in Qatar’s strategic energy projects but also expanding its influence in the global hydrocarbon and infrastructure sectors. The project aligns with Qatar’s vision to maintain and enhance its position as a leading supplier of LNG worldwide.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Varun Beverages Acquires 14% Stake in Aspirative Creative Ventures for Solar Power Supply

Varun Beverages has announced the acquisition of a 14% stake in Aspirative Creative Ventures Private Limited, a special purpose vehicle (SPV) established to supply solar power to consumers in Uttar Pradesh.

The investment, amounting to ₹2.24 crore (Rupees Two Crore Twenty-Four Lakh), is aimed at securing solar power for captive consumption at VBL’s facility in Gorakhpur, Uttar Pradesh.

Investment to Enhance Renewable Energy Consumption

The acquisition aligns with Varun Beverages’ commitment to sustainability by integrating renewable energy into its operations.

The investment in Aspirative Creative Ventures is expected to ensure a steady supply of solar power to VBL’s Gorakhpur facility, reducing its carbon footprint and dependence on conventional energy sources.

Strengthening Commitment to Sustainability

By investing in solar energy, Varun Beverages strengthens its commitment to environmental responsibility while enhancing operational efficiency. This move underscores the company’s efforts to integrate clean energy solutions into its manufacturing processes.

Varun Beverages has requested stakeholders to take note of this development, reaffirming its focus on sustainable growth through renewable energy adoption.

Stocks Performance

On March 26, 2025, Varun Beverages share price traded 1.29% higher at ₹523.90 at 11:51 AM (IST). Varun Beverages’ share price reached a 52-week high of ₹682.84, and a 52-week low of ₹419.40. As per BSE, the total traded volume for the stock stood at 1.59 lakh shares with a turnover of ₹8.30 crores.

At the current price, Varun Beverages shares are trading at a price-to-earnings (P/E) ratio of 76.30x, based on its trailing 12-month earnings per share (EPS) of ₹6.86, and a price-to-book (P/B) ratio of 10.69, according to exchange data.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

What Are the Tax Implications for Shareholders Due to the ICICI Securities and ICICI Bank Merger?

Shareholders of ICICI Securities who will receive ICICI Bank shares as part of the share-swap arrangement in the company’s delisting process could be liable to pay capital gains tax.

Tax consultants highlighted that while most mergers and acquisition deals do not attract taxes for investors, this specific case could result in tax liabilities, even if shareholders do not sell the ICICI Bank shares they receive.

Last Trading Day and Share Swap Details

ICICI Securities shares are set to trade on domestic exchanges for the last time on Friday. Under the scheme of arrangement, ICICI Bank will issue 67 shares for every 100 equity shares of ICICI Securities held by shareholders.

The record date to identify public shareholders whose ICICI Securities shares will be cancelled and who will receive ICICI Bank shares has been set for Monday, March 24.

How Capital Gains Tax Will Be Calculated

The capital gains tax will be determined based on the fair market value (FMV) of the ICICI Bank shares received in exchange for ICICI Securities shares. The FMV of ICICI Bank shares will be considered the sale price, and the difference between this FMV and the original purchase cost of ICICI Securities shares will be taxable as capital gains.

For instance, if an ICICI Securities shareholder receives 67 ICICI Bank shares and their purchase price is ₹713.80 per share, with ICICI Bank shares currently trading at ₹1,313, they will be subject to capital gains tax.

The taxable gain will be the difference between ₹713.80 and 67% (67/100) of ₹1,313. This would result in a tax payout of approximately ₹2,074 for 100 shares, excluding applicable surcharge and cess.

Stock Performance of ICICI Securities and ICICI Bank Shares

Over the past year, ICICI Securities shares have gained 23%, closing at ₹877 on Wednesday, while ICICI Bank shares have risen by 21%, ending at ₹1,313. The increase in share prices has added to the tax implications for investors undergoing the share swap.

Impact of Recent Tax Amendments

According to reports, the share swap would not be classified as a securities transaction tax (STT) transaction, meaning it would be treated as a non-STT transaction. The recent Budget reduced the long-term capital gains tax rate for non-STT transactions from 20% to 12.5%, easing the tax burden on investors.

However, short-term capital gains tax will still be applicable based on the investor’s income tax slab. Unlike STT-paid transactions, which benefit from concessional tax rates, short-term gains in this case will be taxed at standard rates.

Conclusion

The ICICI Securities share swap arrangement presents potential tax implications for investors, even if they retain the ICICI Bank shares they receive.

With the last trading day approaching and the record date set for March 24, shareholders must consider the capital gains tax impact and plan accordingly to manage their tax liabilities effectively.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEBI Imposes ₹4 Lakh Fine on Basant Maheshwari Wealth Advisers for Regulatory Violations

The Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹4 lakh on Basant Maheshwari Wealth Advisers for violating fee regulations and using misleading captions in its YouTube videos.

The market regulator has directed the company to pay the fine within 45 days, failing which interest may be charged, and proceedings to seize movable and immovable assets could be initiated, as per the adjudicating officer’s order.

Regulatory Violations Uncovered During Inspection

SEBI, along with the BSE Administration and Supervision, conducted an inspection of BMWAL between October and December 2023. The investigation revealed that the company was charging fees from 32 clients using both the fixed fee and assets under advice (AUA) methods.

According to Regulation 15A of SEBI’s Investment Advisers (IA) Regulations, investment advisers are permitted to charge their clients under only one of the two methods, making BMWAL’s practice a clear violation of the rules.

Misleading YouTube Captions Identified

Apart from the fee-related violations, SEBI also found that Basant Maheshwari Wealth Advisers Ltd (BMWAL) was using exaggerated and misleading captions in its YouTube videos, violating the regulator’s advertisement code.

The flagged captions included claims such as “100x Portfolio – 3 Saal Mei? Kaise Kiya?”, “10 Saal Mei 10 Guna Aur 20 Saal Mei 100 Guna!! Kaise Kare??”, “1 Crore Ko Double Kaise Kare?? Explained in 2 Minutes”, and “Kaise Banaya ₹150 crores Sirf Trading kar ke?” SEBI noted that these captions created unrealistic expectations among viewers, potentially misleading investors.

Basant Maheshwari Wealth’s Response and SEBI’s Dismissal

In its defense, Basant Maheshwari argued that the videos were intended for “knowledge enrichment for the general public.” However, SEBI rejected this claim, stating that the company failed to clearly present a disclaimer in the video descriptions, which is a necessary requirement to prevent misleading content.

Regulatory Crackdown on Investment Advisers

The action against BMWAL is part of SEBI’s broader effort to ensure compliance among investment advisers and protect investors from misleading financial content.

The market regulator continues to monitor the industry closely, reinforcing the importance of transparency and ethical practices in financial advisory services.

Conclusion

SEBI has fined Basant Maheshwari Wealth Advisers ₹4 lakh for violating fee regulations and using misleading YouTube captions. The company charged clients using both fixed and AUA methods, breaching SEBI norms.

SEBI also flagged exaggerated video captions creating unrealistic expectations. BMWAL’s defence was rejected, reinforcing SEBI’s commitment to transparency and ethical financial advisory practices.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

JSW Steel Becomes the World’s Most Valuable Steel Company by Market Capitalisation

JSW Steel has emerged as the most valuable steel company globally by market capitalisation, surpassing industry giants like ArcelorMittal and Nippon Steel. This milestone reflects the company’s strong market performance and strategic growth initiatives.

Stock Performance Fuels Market Cap Surge

JSW Steel’s stock has surged by 18% in 2025, significantly boosting its market capitalisation. The stock’s strong performance has made it one of the best-performing stocks on the Nifty 50 index so far this year.

As of now, JSW Steel’s market capitalisation stands at ₹2.6 lakh crore, exceeding that of its Indian competitors, including Tata Steel, which has a market capitalisation of ₹1.95 lakh crore.

JSW Steel’s Growth Strategy and Expansion Plans

During a recent investor meeting with Investec, JSW Steel outlined its ambitious expansion and operational strategies:

  • Capacity Expansion 

The company aims to reach a production capacity of 51 million tonnes (MT) by 2030. It has already put plans in motion to achieve 43 MT by 2027.

  • Value-Added Products 

JSW Steel is focusing on increasing the share of value-added products to 50%-60% of its overall production mix.

  • Raw Material Security 

The company is enhancing operational efficiency by securing stable supplies of iron ore and coking coal.

  • Inorganic Growth Strategy

While acquisitions remain an option, JSW Steel is keen on ensuring that any inorganic expansion aligns with synergy benefits and balance sheet stability.

  • Debt Management 

The company has set a target to maintain its net debt-to-EBITDA ratio below 2.5 times in the medium term.

  • Pricing Support from Safeguard Duties 

The 12% safeguard duties imposed on flat steel products could support pricing by up to ₹3,000 per tonne, benefiting the company’s revenue.

Stocks Performance 

On March 26, 2025, JSW Steel share price traded 0.46% higher at ₹1056.95 at 10:06 AM (IST). JSW Steel’s share price reached a 52-week high of ₹1,074.15, and a 52-week low of ₹815.70. As per BSE, the total traded volume for the stock stood at 0.11 lakh shares with a turnover of ₹1.18 crores.

At the current price, JSW Steel shares are trading at a price-to-earnings (P/E) ratio of 53.87x, based on its trailing 12-month earnings per share (EPS) of ₹19.62, and a price-to-book (P/B) ratio of 3.30, according to exchange data.

Conclusion

JSW Steel’s rise to the top of the global steel industry highlights its strategic execution, financial discipline, and strong market position.

With ambitious expansion plans, a focus on value-added products, and efficient debt management, the company is poised to maintain its leadership in the sector while continuing to deliver strong returns for its investors.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Waaree Renewable Tech Wins ₹232.30 Crore EPC Contract for 170 MW Solar Project

Solar EPC company Waaree Renewable Technologies announced on Tuesday, March 25, that it has received a Letter of Award (LOA) from Waaree Energies Limited for the Engineering, Procurement, and Construction (EPC) of a 170 MW AC / 255 MW DC ground-mount solar power project, along with Operation & Maintenance (O&M) services.

In a regulatory filing, Waaree Renewable Technologies Ltd stated, “We are pleased to inform that WAAREERTL has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works for a ground-mount solar power project, including Operation and Maintenance (O&M) of 170 MW AC / 255 MW DC capacity on a turnkey basis.”

₹232.30 Crore Contract for 170 MW Solar Project

The contract, valued at approximately ₹232.30 crore (excluding taxes), will be executed on a turnkey basis. The project is expected to be completed in FY 2025-26 and is a key part of Waaree Renewable Technologies’ expansion strategy in the solar EPC sector. The company confirmed that Waaree Energies Limited, its promoter entity, was awarded the contract.

125 MW Solar Project Contract Worth ₹740.06 Crore

Waaree Renewable Technologies also announced that, as part of a three-member consortium, it has secured another Letter of Award (LOA) for an EPC contract for a 125 MW AC (181.3 MWp DC) solar power project.

In a stock exchange filing, the company stated, “We are pleased to inform you that a consortium of three members, including WAAREERTL, has received a Letter of Award (LOA) for the Engineering, Procurement, and Construction (EPC) of a solar power project with a capacity of 125 MW AC (181.3 MWp DC) on a turnkey basis, along with Operation and Maintenance.”

₹740.06 Crore Turnkey Project Awarded by Power Distribution Company

The contract, valued at approximately ₹740.06 crore (inclusive of taxes), includes turnkey execution and O&M services. The order was awarded by a leading power distribution company. The specific inter-se arrangement between the consortium members will be finalised in due course.

Stocks Performance 

On March 26, 2025, Waaree Renewable Technologies share price traded 2.90% higher at ₹948.85 at 9:44 AM (IST). Waaree Renewable Technologies’s share price reached a 52-week high of ₹3,037.75, and a 52-week low of ₹759.00. As per BSE, the total traded volume for the stock stood at 1.75 lakh shares with a turnover of ₹16.66 crores.

At the current price, Waaree Renewable Technologies shares are trading at a price-to-earnings (P/E) ratio of 52.51x, based on its trailing 12-month earnings per share (EPS) of ₹18.07, and a price-to-book (P/B) ratio of 30.94, according to exchange data.

Conclusion

These major contract wins reinforce Waaree Renewable Technologies’ growing presence in the solar EPC sector. With projects totalling nearly ₹972 crores, the company is set to play a crucial role in expanding India’s renewable energy capacity.

The successful execution of these projects will strengthen its market position and support the country’s transition to sustainable energy solutions.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.