Waaree Renewable Technologies Limited has informed the Exchange about Awarding of order(s)/contract(s)

Government or defence orderBusiness Updates View source PDF Explain this filing

WAAREERTL · price

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

+1.5%Reaction day

₹1016.95

prior close

₹1039.00

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%+0.7% vs market

Other Electrical Equipment peers, median of 37sector+0.6%+0.8% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.8 pts more 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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Next day

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Waaree Renewable Technologies (WAAREERTL), a subsidiary of Waaree Energies, has received a Letter of Award for a 94 MW AC / 131.6 MW DC solar power project valued at approximately INR 114.23 Crores (excluding taxes). The scope covers Engineering, Procurement and Construction (EPC) along with Operation and Maintenance (O&M). The project will be executed under the Maharashtra government's Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0), a scheme aimed at providing solar power for agricultural use. The order was awarded by a domestic Renewable Generation Company and is scheduled for completion in FY 2025-26. There is no promoter or related party interest in the awarding entity.

Likely market impact

This order adds to WAAREERTL's revenue visibility for FY 2025-26 and reinforces its position in the government-backed solar EPC space, which is a positive signal for the stock.