The Exchange has sought clarification from Waaree Energies Limited with respect to recent news item captioned Waaree Energies bags 300 MW module supply order from Sembcorp. The response from the Company is attached.
WAAREEENER · price
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Awaiting price reaction for this filing.
The NSE asked Waaree Energies to clarify a recent news report saying the company has bagged a 300 MW solar module supply order from Sembcorp. Waaree has submitted its response to the exchange, attaching the clarification letter. Sembcorp is a Singapore-headquartered energy group with Indian renewable operations, and the order relates to Waaree's solar module manufacturing business. The clarification process usually means the company has confirmed the basic facts of the news story while providing additional detail.
Confirms a sizeable new module order for Waaree, which is positive for its order book and revenue visibility. A 300 MW module order is a meaningful addition for a domestic module maker. The stock may react positively on confirmation, though investors should watch for details on pricing, delivery timeline and whether the order is domestic or export.