Waaree Energies Secures 410 MWp Solar Module Supply Order from ABREL EPC

Solar panel manufacturer Waaree Energies Ltd announced on Tuesday that it has received an order from ABREL EPC Ltd, a wholly owned subsidiary of Aditya Birla Renewables Ltd, for the supply of solar photovoltaic (PV) modules totalling 410 megawatt-peak (MWp).

Order Details and Contract Terms

In a regulatory filing, Waaree Energies said: “This is to inform you that the Company has today received an order for the supply of solar modules for 410 MWp from ABREL EPC Limited (a wholly owned subsidiary of Aditya Birla Renewables Limited) engaged in the business of owning, developing, and operating renewable power projects in India.”

The contract is categorised as a one-time supply agreement, with deliveries scheduled to begin in the financial year 2025-26. The modules will be used for renewable energy projects across India.

Financial Performance in Q3 FY25

Waaree Energies has reported robust financial growth for the third quarter of the financial year 2024-25. The company posted a fourfold increase in net profit, reaching ₹493 crore, compared to ₹124.5 crore in the same quarter of the previous financial year.

Revenue surged by 116% year-on-year, climbing to ₹3,457 crore from ₹1,596 crore reported in Q3 FY24. As of now, Waaree Energies has an order book of 26.5 gigawatts (GW) valued at approximately ₹50,000 crore.

Waaree’s Expanding Solar Portfolio

Waaree Energies is a leading Indian manufacturer of solar PV modules, boasting an aggregate installed production capacity of 12 GW. Its product portfolio includes a range of solar energy solutions, including:

• Multicrystalline Modules
• Monocrystalline Modules
• TopCon Modules

The latest order further strengthens Waaree Energies’ position as a key supplier in India’s renewable energy sector, aligning with the country’s growing push for solar power adoption.

Stock Performance 

On February 27, 2025, Waaree Energiesshare price traded 1.77% lower at ₹2,229.15 at 9:51 AM (IST). Waaree Energies’ share price reached a 52-week high of ₹3,740.75, and a 52-week low of ₹2,030.00. As per BSE, the total traded volume for the stock stood at 0.34 lakh shares with a turnover of ₹7.63 crores.

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