Rs 50,000 crore order book: Solar company revises EPC contract for 2012.47 MWp solar project; Order value increased by Rs 246.92 crore to Rs 1,480.40 crore
The shares of the company saw a spurt in volume by more than 1.70 times on the BSE.
On Friday, shares of Waaree Renewable Technologies Ltd gained 4.37 per cent to Rs 984.80 per share from its previous closing of Rs 943.60 per share. The stock’s 52-week high is Rs 2,090 while its 52-week low is Rs 732. The shares of the company saw a spurt in volume by more than 1.70 times on the BSE.
Waaree Renewable Technologies Limited (WAAREERTL) has received a revised scope of work for an existing domestic Engineering, Procurement and Construction (EPC) contract for a Ground mount Solar PV project. The capacity of the project remains at 2012.47 MWp, but the commercial order value has been enhanced by Rs 246.92 crore, bringing the total to Rs 1,480.40 crore. All other terms and conditions of the original contract remain unchanged and the time period for execution is to be mutually decided.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Waaree Renewable Technologies Ltd (WRTL), established in 1999, is a subsidiary of the Waaree Group, a prominent renewable energy company. WRTL specializes in generating power from renewable sources and offering related consultancy services, spearheading the Solar EPC (Engineering, Procurement and Construction) business within the group. The broader Waaree Group is a vertically integrated new energy company, boasting India's largest solar panel manufacturing capacity of 12 GW across its facilities in Chikhli, Surat and Umbergaon, Gujarat, serving individual, industrial and commercial clients.
The company has a market cap of over Rs 10,000 crore and has delivered good profit growth of 274 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 385 per cent in just 2 years, 1,560 per cent in 3 years and a whopping 52,850 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.