With the increasing energy consumption in the country, the need for new projects in the Green Energy sector is being felt. Waaree Renewable Technologies, one of the leading renewable energy companies in the country, has once again secured a major order. The company is not only a leader in the construction and operation of solar energy projects but has also delivered a 460% return in a year. With this order, Waaree Renewable Technologies will further strengthen its position in the renewable energy sector.
Highlights:
- Waaree Renewable Technologies received an order to supply 90 MW solar modules.
- The company has a market cap of ₹15,154.76 crore.
- Share price stands at ₹1,455.10, with a 52-week high of ₹3,037.75.
- The company’s stock has surged by 466.01% over the past year.
- The company’s revenue grew by 83.31% in the first quarter year-on-year.
Important Points to Consider:
| Points | Details |
|---|---|
| Company Name | Waaree Renewable Technologies |
| Key Sector | Solar Energy Projects |
| Market Cap | ₹15,154.76 crore |
| Share Price | ₹1,455.10 |
| 52-Week High | ₹3,037.75 |
| Stock Growth in a Year | 466.01% |
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Waaree Renewable Technologies: A Leading Green Energy Company
About Waaree Renewable Technologies:
Waaree Renewable Technologies is an Indian engineering, procurement, and construction company primarily focused on renewable energy. The company finances, builds, and operates solar energy projects. Waaree offers a range of solar solutions including rooftop solar, floating solar, ground-mounted solar, CAPEX model, and Renewable Energy Service Company (RESCO) model.
Financial Performance:
Waaree Renewable Technologies has a market cap of ₹15,154.76 crore. The company’s share price is ₹1,455.10, with a 52-week high of ₹3,037.75 and a 52-week low of ₹226.32. Over the past five years, the company’s stock has seen a remarkable growth of 55865.38%, a 3-year growth of 4565.28%, a 1-year growth of 466.01%, and a 6-month growth of 81.12%.
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Waaree Renewable Technologies Secures Major Order:
Waaree Renewable Technologies, one of the country’s leading solar photovoltaic module manufacturers, continues to receive significant orders. Recently, the company announced that it has secured an order for the supply of 90 MW solar modules, which was awarded by Juniper Green Energy Limited.
Company’s Q1 Performance:
According to the financial results of the first quarter of FY 2025, Waaree Renewable Technologies’ revenue increased to ₹236.35 crore, compared to ₹128.94 crore in the same quarter of the previous fiscal year. This represents a 83.31% year-on-year increase in revenue. Additionally, the company’s net profit rose to ₹28.30 crore, up from ₹11.12 crore in the same quarter last year, reflecting a 154.42% year-on-year growth in net profit.
Company’s Products and Services:
Waaree Renewable Technologies offers a variety of solar solutions, including:
- Rooftop Solar: Ideal for residential and commercial establishments.
- Floating Solar: Suitable for installation on water bodies.
- Ground-Mounted Solar: Suitable for large-scale solar energy projects.
- CAPEX Model: The company builds and finances solar projects under this model.
- Renewable Energy Service Company (RESCO) Model: The company provides energy services under this model.
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Future Plans:
Waaree Renewable Technologies plans to secure even larger projects in the future. The company is continuously working to strengthen its position in the renewable energy sector.
FAQ:
What is the main focus of Waaree Renewable Technologies?
Waaree Renewable Technologies primarily focuses on the construction, financing, and operation of solar energy projects.
What is the company’s market cap?
The company’s market cap is ₹15,154.76 crore.
What is the share price of Waaree Renewable Technologies?
The company’s share price is ₹1,455.10.
What are the key products of the company?
The company’s key products include Rooftop Solar, Floating Solar, Ground-Mounted Solar, CAPEX Model, and Renewable Energy Service Company (RESCO) Model.
What is the latest order secured by Waaree Renewable Technologies?
The company has secured a 90 MW solar module supply order from Juniper Green Energy Limited.
Final Take Away:
Waaree Renewable Technologies has once again proven its strength in the Green energy sector. The company’s new order will take it to even greater heights and open up new opportunities in the renewable energy sector. The strong financial performance and continuous growth of Waaree Renewable Technologies clearly indicate that the company is poised to achieve even greater milestones in the coming years.
