Rs 47,000 Order Book: Solar Modules Manufacturer Bags Order for Supply of 599 MW Solar Modules
The stock is up by 63.4 per cent from its 52-week low of Rs 1,808.65 per share.
Waaree Energies, a prominent solar solutions provider in India, has secured a substantial international order for the supply of 599 MW of solar modules. This significant contract comes from a renowned customer based in the United States, who specialises as a developer and owner-operator of utility-scale solar and energy storage projects. The delivery of these modules is scheduled to take place throughout the calendar year 2026.
About the Company
Waaree Energies Limited, an Indian solar energy company, has been a significant player in the global solar industry since its inception in 1990. With an aggregate installed capacity of 15 GW, the company is India's largest manufacturer and exporter of solar PV modules. Waaree's product portfolio includes a diverse range of solar solutions, such as multicrystalline, monocrystalline, and advanced TOPCon modules. The company operates 5 manufacturing facilities in India. Waaree is expanding its facilities to reach 21 GW by 2027, including backwards integration into solar cells, ingot and wafer production.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
The company has a market cap of over Rs 80,000 crore. As of March 31, 2025, Waaree Energies Limited boasts a substantial 25-GW or Rs 47,000 order book for solar PV modules, including domestic, export, and franchisee orders. The stock is up by 63.4 per cent from its 52-week low of Rs 1,808.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.