Waaree Renewable Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
WAAREERTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.3 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Waaree Renewable Technologies has received a revised Letter of Award from Waaree Forever Energies Private Limited (WFEPL), a subsidiary of its holding company, reducing the project capacity from 870 MWac/1,218 MWp to 704 MWac/1,000 MWp. The revision is due to evacuation considerations and optimization of DC overloading. As a result, the commercial order value has been cut from ₹1,252.43 Crore to ₹1,039.60 Crore (a reduction of ₹212.83 Crore, about 17%). All other terms, pricing, and scope remain unchanged. The project is scheduled for completion in FY 2026-27. The order is domestic and qualifies as a related-party transaction, done at arm's length.
This is a negative development for shareholders — the order book shrinks by ~₹213 Crore, which could temper near-term revenue expectations. However, since the project still proceeds and terms/pricing are unchanged, the long-term business relationship is intact, and the reduction is operational rather than a loss of business.