Waaree Renewable Technologies bags about INR 102.75 Cr solar EPC order

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Price reactionminutes from the announcement price · days from the prior close

-3.9%Reaction day

₹1011.00

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-3.8% vs market

Other Electrical Equipment peers, median of 44sector-0.5%-3.4% vs sector

On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250 and 3.4 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Waaree Renewable Technologies has secured a Letter of Award for a 25 MWac/35 MWp Ground Mount Solar Power EPC project along with 50MW evacuation infrastructure on a turnkey basis. Order value is about INR 102.75 Crore (excl. taxes), awarded by one of the largest manufacturers of pig iron, castings and seamless tubes. Domestic commercial order, not a related party transaction. Project scheduled for completion in FY 2026-27.

Likely market impact

Strengthens order book and revenue visibility for FY 2026-27. Positive for business momentum, though client is private sector, not government.