Waaree Energies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
WAAREEENER · price
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Awaiting price reaction for this filing.
Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies, has won an order to supply 586 MW of solar modules valued at USD 176 million (about ₹1,470 crore). The order comes from a large US-based developer and owner-operator of utility-scale solar and energy storage projects. It is a one-time international contract, unrelated to any promoter or group company, and module supply is scheduled to start from FY 2026-27. The customer identity was not disclosed, but the order strengthens Waaree's export order book from its US operations.
Positive for the stock — a sizeable dollar-denominated export order boosts revenue visibility from FY27 and underlines Waaree's positioning in the growing US solar market. Investors should note execution risks tied to the 2026-27 timeline and dependence on a single US customer.