Page 4 - Waaree Energies

Waaree Energies up on starting commercial production of Solar Module line

Waaree Energies share rose after the company announced its arm, Waaree Solar Americas Inc. has started its commercial production of 1.6 GW Solar Module line at its Texas unit

Waaree Energies rises 3% on securing LoA to supply solar modules; details

The uptick in the Waaree Energies share price came after the company announced that it has received a Letter of Award (LoA) for supply of solar modules

Waaree Renewables Technology Q3 results: Net profit falls 17% to Rs 53 cr

Waaree Renewables Technology Limited (WRTL) on Thursday reported about 17 per cent fall in its consolidated net profit to Rs 53.48 crore for the December 2024 quarter, hit by higher expenses. It had posted a net profit of Rs 64.23 crore in the October-December quarter of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income increased to Rs 364.12 crore from Rs 324.67 crore a year ago. Its expenses also rose to Rs 293.39 crore from Rs 238.28 crore in the third quarter of the last financial year. WRTL is a subsidiary of Waaree Energies Ltd, which is among India's largest solar PV module manufacturers.

Here's why Waaree Energies share was buzzing in trade on Jan 13; details

Waaree Energies share rose after it entered into a Share Purchase Agreement with Enel Green Power Development for acquisition of Enel Green Power for Rs 792 crore

Waaree Energies inks pact to acquire Enel Green Power India for Rs 792 cr

Waaree Energies on Friday said it has inked a share purchase agreement to acquire entire equity stake in Enel Green Power India Pvt (EGPIPL) for a consideration of up to Rs 792 crore. The seller is one of Europe's largest renewable energy companies, and the EGPIPL is its Indian business, a regulatory filing stated. Waaree Energies Ltd has entered into a Share Purchase Agreement (SPA) with Enel Green Power Development S.r.l (Seller) on January 10 to acquire 100 per cent of the share capital of EGPIPL for a total amount of upto Rs 792 crore, subject to customary closing adjustments, according to the filing. The EGPIPL owns solar and wind projects in India which includes about 640 MWAC (760 MWDC) operational and portfolio under development. The operational portfolio includes projects jointly owned with a partner where the majority equity stake is with EGPIPL. Further, pursuant to the acquisition of shares, EGPIPL will become a subsidiary of Waaree Energies. The acquisition will dive

Waaree Energies, Premier Energies decline up to 6%; Kotak initiates 'Sell'

Kotak Institutional Securities has initiated coverage on Premier Energies and Waaree Energies with a 'Sell' call for a target price of Rs 770 and Rs 2,550 per share respectively

Waaree Energies secures 150 MWp solar modules order for renewable project

Waaree Energies on Thursday said it has secured an order to supply solar modules totalling a capacity of 150 MWp for a major renewable project in India. The contract includes the supply of Waaree's flagship high-efficiency Glass N-type Topcon bifacial modules, rated at 585/590Wp, a company statement said. These modules are recognised for their durability, exceptional energy output, and advanced technology, it stated. According to the statement, Waaree Energies Ltd., India's largest solar PV module manufacturer and a leader in the global energy transition, is pleased to announce the receipt of order for a major renewable power project of 150MW for the supply of solar modules from a renowned customer engaged in owning, developing, and operating renewable power projects in India. The modules are scheduled to be supplied in the next financial year, 2025-26. Waaree operates an NABL-accredited testing lab, ensuring the highest standards of excellence, it said. The execution of this pro

Waaree Energies board approves Rs 850 cr investment in energy facilities

Waaree Energies Ltd on Monday said its board has approved three investment proposals aggregating Rs 850 crore to set up electrolyser and storage cell manufacturing facilities. The board also approved capital expenditure (capex) of Rs 130 crore in invertor business through its wholly-owned subsidiary Waaree Power Private Limited. The board approved "capital expenditure of Rs 551 crore and investment of Rs 200 crore for 300 MW electrolyser manufacturing plant in its wholly-owned subsidiary Waaree Clean Energy Solutions, under the PLI Scheme," Waaree Energies said in an exchange filing. It also approved a capital expenditure of Rs 2,073 crore and an investment of Rs 650 crore for setting up a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant in its wholly-owned subsidiary Waaree Energy Storage Solutions. The capex will be funded by a mix of debt and internal accruals, the company said. The board further approved the appointment of Amit Paithanka, Chief Executive

Here's why Waaree Energies share price slipped 4% in trade on December 13

By 1 PM, 1.56 lakh shares worth Rs 50.36 crore had been traded on the BSE. Meanwhile, sell orders for 1,49,499 shares were pending, compared to buy orders for 17,348 million shares

Waaree Energies up 4% after arm receives LoA for 170 MW solar plant in MP

The Solar power plant will enable the generation and transmission of clean energy via the Inter-State Transmission System (ISTS)

Waaree Energies shares climb 7% on order win for supplying solar modules

Shares of Waaree Energies surged 7.18 per cent at Rs 3,184.95 per share on the BSE in Tuesday's intraday trade

Waaree Energies up 5% after Gujarat's PV Module Lab gets NABL accreditation

NABL (National Accreditation Board for Testing and Calibration Laboratories) accreditation is a recognition provided by the Government of India to testing and calibration laboratories

Here's why Waaree Renewables hit 5% upper circuit on November 28; details

The rise in the Waaree Renewables scrip came after the company announced that it has secured a Term Sheet for the execution of EPC works for Ground mount Solar PV project of 2,012.47 MWp DC capacity

Waaree Energies slips 6% on muted September quarter results

The company's profit after tax rose 17 per cent YoY at Rs 376 crore on account of other income.

Share Market Today: NTPC Green IPO; Waaree Energies Q2 nos & Fund Flows

In the previous session, Sensex fell 0.31 per cent to end at 77,339.01, while the Nifty slipped 0.34 per cent to settle at 23,453

Stocks to watch, Nov. 19: NTPC, Waaree Energies, Bajaj Fin, ITI, SpiceJet

Here is a list of stocks that will be in the limelight for November 19 session

Waaree Energies Q2FY25 results: Net profit grows 17% to Rs 375.6 cr

Waaree Energies on Monday reported a 17 per cent rise in consolidated net profit at Rs 375.6 crore in the July-September quarter, helped by higher income. It had posted Rs 320.1 crore profit for the July-September period of the preceding 2023-24 fiscal, the company said in a regulatory filing. Post its listing on October 28, this is the first quarterly result of Waaree Energies. It made its market debut at Rs 2,550, reflecting a jump of 69.66 per cent from the issue price price of Rs 1,503. The company's total income rose to Rs 3,663.4 crore in the quarter under review, from Rs 3,558.5 crore in the second quarter of the last financial year. Its expenses during the quarter were at Rs 3,164.6 crore, as against Rs 3,123.9 crore in the year-ago period. The board also approved an investment of up to Rs 600 crore in its wholly-owned subsidiaries for setting up and development of the infrastructure (including land and connectivity) for the purpose of developing renewable power projects a

Waaree Energies extends rally after strong debut; zooms 81% over IPO price

Waaree Energies share price: Waaree Energies (Waaree) share price hit a new high of Rs 2,718.75 as it surged 12 per cent on the BSE in Thursday's intraday trade