Rs 50,000 Crore Order Book & 45,000 Per Cent Multibagger Returns: Solar Company Bags Rs 114,23,00,000 Order from One of Renewable Generation Company
The stock gave multibagger returns of 415 per cent in just 1 year, 1,620 per cent in 3 years and a whopping 45,000 per cent in 5 years.
Waaree Renewable Technologies Limited (WAAREERTL) has received a Letter of Award (LOA) for an Engineering, Procurement, and Construction (EPC) contract for a solar power project, including its Operation and Maintenance (O&M), with a capacity of 94 MW AC/131.6 MW DC. This domestic project, valued at approximately Rs 114.23 crore (excluding taxes), will be executed under the Mukhyamantry Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0) and is slated for completion in the financial year 2025-26.
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Waaree Renewables Technologies Ltd is engaged in the business of generating power through renewable energy sources and also provides consultancy services in this regard. WRTL has a market cap of over Rs 15,000 crore and has delivered good profit growth of 145 per cent CAGR over the last 5 years. The company’s order book as of March 31, 2025, stands at Rs 26.50 GW or Rs 50,000 crore.
The shares of the company have an ROE of 65 per cent and an ROCE of 85 per cent. The stock gave multibagger returns of 415 per cent in just 1 year, 1,620 per cent in 3 years and a whopping 45,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.