Shares of Waaree Energies Ltd were trading in the green and 1% higher on 27 February after the company announced securing a contract to provide solar modules from a subsidiary of Aditya Birla Renewables.

The company has received an order for 410 MWp solar modules from ABREL EPC, a fully owned subsidiary of Aditya Birla Renewables. In India, renewable energy projects are owned, developed, and run by ABREL EPC.

On 20 February, the company received an order for 362.5 MWp solar modules from Khaba Renewable Energy, a subsidiary of Engie India.

Earlier this month, commercial production of the company’s 1.4 GW Monocrystalline PERC (Mono PERC) solar cell production plant in Chikhli, Gujarat, started.

Compared to the same period last year, when the company’s net profit was Rs 124.5 crore, it quadrupled to Rs 492.7 crore in the quarter that ended on 31 December.

The company’s revenue increased by about 116% to Rs 3,457.28 crore in the most recent quarter, from Rs 1,596.183 crore in the same time the previous year.

On 6 November 2024, the share reached its 52-week high of Rs 3,740.75, and on 27 January 2025, it fell to a 52-week low of Rs 2,030.00.

At 12:01 pm, the shares of Waaree Energies shed all their early gains and were trading 2.09% lower at Rs 2,218.40 on NSE.

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