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

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

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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.1 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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AI summary

Waaree Renewable Technologies has received a Letter of Award for EPC works of a 21 MW AC / 29.4 MW DC ground-mount solar power project, including operation and maintenance. The order is valued at approximately ₹26.17 crore (excluding taxes) and is a domestic commercial order. The project will be executed under the Maharashtra government's Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0) scheme, which promotes solar power for agricultural use. The order is scheduled to be completed in FY 2025-26. The awarding entity is a domestic construction company, and there is no related-party interest.

Likely market impact

This is a modest new order win that adds to the company's order book but is unlikely to move the stock significantly on its own. The MSKVY 2.0 association suggests a steady, government-backed pipeline of solar EPC opportunities for the company going forward.