Latest news with #WaareeRenewableTechnologies
Business Standard
10 hours ago
- Business
- Business Standard
Waaree Renewable tech signs MoU with Viet Khanh for 100 MW Solar EPC project
Waaree Renewable Technologies announced that it has signed a non-binding memorandum of understanding (MoU) with Viet Khanh Joint Stock Company for the execution of engineering, procurement, and construction (EPC) work for a solar power project. According to an exchange filing, the company will undertake the project on a turnkey engineering, procurement, and construction (EPC) basis. The final contract value and execution timeline will be mutually decided at a later stage, following the signing of a definitive agreement between the two parties. The company further clarified that the transaction does not involve any related parties. Neither the promoter, promoter group, nor any group companies have any interest in Viet Khanh or the project. Waaree Renewable Technologies (WRTL) is a subsidiary company of Waaree Group and is spearheading the solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants). The companys consolidated net profit jumped 82.7% to Rs 93.81 crore on a 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The counter rose 0.32% to Rs 988 on the BSE.
Economic Times
16 hours ago
- Business
- Economic Times
Waaree Renewable Technologies shares in focus as order value rises to Rs 1,480 crore
Waaree Renewable Technologies share price history Live Events Waaree Renewable Technologies technical performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Waaree Renewable Technologies will be in focus on Monday, June 23, after the company announced a revision in the scope of work under an existing EPC contract , increasing the order value by Rs 246.92 crore to a total of Rs 1,480.40 crore.'We are pleased to inform you that WAAREERTL has received a revised scope of work under the existing contract for the execution of Engineering, Procurement, and Construction (EPC) works for a ground-mounted solar PV project of 2012.47 MWp capacity,' the company said in an exchange its regulatory filing, the company confirmed that the revised scope pertains to the execution of EPC works for the ground-mounted solar PV project with a capacity of 2012.47 contract continues to fall under a commercial order awarded by a domestic entity engaged in the development and implementation of renewable energy the past year, shares of Waaree Renewable Technologies have declined by 51.22%. On a year-to-date (YTD) basis, the stock is down 30.15%, and it has lost 28.24% over the past six months. However, the stock has gained 16.70% in the last three months, though it remains subject to a commercial order issued by a domestic entity, and has dipped 3.60% over the past Friday, Waaree Renewable Technologies shares closed 4.4% higher at Rs 984.80 on the stock is currently trading well above all its key exponential moving averages and is oscillating near the 59 level on the Relative Strength Index (RSI), indicating moderately strong momentum.
Time of India
16 hours ago
- Business
- Time of India
Waaree Renewable Technologies shares in focus as order value rises to Rs 1,480 crore
Shares of Waaree Renewable Technologies will be in focus on Monday, June 23, after the company announced a revision in the scope of work under an existing EPC contract , increasing the order value by Rs 246.92 crore to a total of Rs 1,480.40 crore. 'We are pleased to inform you that WAAREERTL has received a revised scope of work under the existing contract for the execution of Engineering, Procurement, and Construction (EPC) works for a ground-mounted solar PV project of 2012.47 MWp capacity,' the company said in an exchange filing. In its regulatory filing, the company confirmed that the revised scope pertains to the execution of EPC works for the ground-mounted solar PV project with a capacity of 2012.47 MWp. The contract continues to fall under a commercial order awarded by a domestic entity engaged in the development and implementation of renewable energy projects. Waaree Renewable Technologies share price history Over the past year, shares of Waaree Renewable Technologies have declined by 51.22%. On a year-to-date (YTD) basis, the stock is down 30.15%, and it has lost 28.24% over the past six months. However, the stock has gained 16.70% in the last three months, though it remains subject to a commercial order issued by a domestic entity, and has dipped 3.60% over the past month. On Friday, Waaree Renewable Technologies shares closed 4.4% higher at Rs 984.80 on the BSE. Waaree Renewable Technologies technical performance The stock is currently trading well above all its key exponential moving averages and is oscillating near the 59 level on the Relative Strength Index (RSI), indicating moderately strong momentum. Also read: How will US strikes on Iran affect Indian markets this week? ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
3 days ago
- Business
- Business Standard
Waaree Renewable Tech's solar EPC order value rises by Rs 247-cr to Rs 1,480-cr
Waaree Renewable Technologies announced that the value of its existing solar engineering, procurement, and construction (EPC) order has been revised upward by Rs 246.92 crore, bringing the total order value to Rs 1,480.40 crore. The order pertains to a 2,012.47 megawatt peak (MWp) ground-mounted solar PV project, and all existing terms and conditions of the original contract remain unchanged. In a regulatory filing, the company confirmed it received the revised scope of work under the same contract on June 20, 2025. The project continues to be executed for a domestic entity. The project execution timeline is expected to be decided mutually. This enhancement in scope follows Waarees original announcement in November 2024 about securing the commercial contract for the large-scale renewable energy project. The company clarified that the contract does not fall under related party transactions and that the promoters or group companies have no vested interest in the client entity. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The companys consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24. The scrip rallied 4.37% to settle at Rs 984.80 on Friday, 20 June 2025.
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Business Standard
04-06-2025
- Business
- Business Standard
Waaree Renewable share price pops 4% on securing order worth ₹346 crore
Waaree Renewable share price: Waaree Renewable Technologies (Waaree Renewable) shares were buzzing in trade on Wednesday, June 4, 2025, with the stock rising up to 3.55 per cent to hit an intraday high of ₹1,068 per share. However, by 10:50 AM, Waaree Renewable shares were off day's high, and were trading merely 1.32 per cent higher at ₹1,045 per share. In comparison, BSE Sensex was trading 0.21 per cent higher at 80,911.08 levels. Catch Latest Stock Market Updates Today LIVE What led to the uptick in Waaree Renewable share price? Waaree Renewable shares popped after it bagged a Letter of Award (LOA) from a renewable generation company for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 300 MW AC/435 MW DC capacity. The cost of the project is approximately ₹346.33 crore, excluding taxes. In an exchange filing, Waaree Renewable said, 'We are pleased to inform that 'Waaree Renewable Technologies' has been awarded Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works of solar power project of 300 MW AC/435 MW DC capacity.' Under the terms of the order, Waaree Renewable shall develop the Ground mount solar power project of 300 MW AC /435 MW DC capacity Notably, the project is scheduled to be completed in the financial year 2025- 26 (FY26), Waaree Renewable revealed, in a statement. ALSO READ | Tata Tech shares slip as 2.1% equity change hands in block deal Waaree Renewable Q4 results Waaree Renewable's profit zoomed 82.73 per cent year-on-year (Y-o-Y) to ₹93.77 crore in the March quarter of financial year 2025 (Q4FY25), from ₹51.31 crore in the March quarter of financial year 2024 (Q4FY24). The company's revenue from operations climbed 74.37 per cent Y-o-Y to ₹476.58 crore in Q4FY25, from ₹273.31 crore a year ago. Earnings before interest, tax, depreciation and amortisation (Ebitda), or operating profit, jumped 67.79 per cent Y-o-Y to ₹126.33 crore, from ₹75.29 crore a year ago. Operating profit margin or Ebitda margin, however, squeezed to 26.51 per cent in the March quarter of financial year 2025, from 27.55 per cent in the March quarter of financial year 2024. About Waaree Renewable Waaree Renewable, a subsidiary of Waaree Group, is among the leading players in India's solar EPC space, with a strong legacy of over 10,000 project installations totaling more than 2.32 GW. Headquartered in Mumbai, the company offers end-to-end solar solutions—ranging from engineering and construction to financing and operation—across diverse geographies. Focused on long-term investments, particularly in the commercial and industrial segments, it provides both on-site (rooftop and ground-mounted) and off-site (open access) solar solutions to help clients cut their carbon footprint.
