Waaree Energies Secures 140 MW Solar Module Supply Order for FY 2025-26

Waaree Energies Limited , a key player in the renewable energy sector, has announced a significant new order for its solar module business. The company has secured a contract to supply 140 MW of solar modules to a prominent customer in India's renewable power industry.

Order Details

Aspect	Details
Order Size	140 MW solar modules
Customer	Renowned entity in renewable power projects
Customer's Business	Owning, developing, and operating renewable power projects in India
Delivery Period	Financial Year 2025-26
Order Type	Domestic

Key Points

The order comes from a domestic entity specializing in renewable power projects.
The supply is scheduled for execution in the Financial Year 2025-26.
This order does not involve any related party transactions.
There is no interest from the promoter or promoter group in the entity awarding the contract.

This new order underscores Waaree Energies' strong position in the solar module market and reflects the growing demand for renewable energy solutions in India. As the country continues to push for increased adoption of clean energy, such contracts play a crucial role in supporting the expansion of solar power infrastructure.

The timely execution of this order in FY 2025-26 will be important for both Waaree Energies and its customer, contributing to the ongoing growth of India's renewable energy capacity. This development aligns with the nation's commitment to sustainable energy sources and may have positive implications for Waaree Energies' business outlook in the coming years.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.39%	-0.41%	-9.00%	+13.42%	+20.45%	+35.64%

Waaree Energies Limited , a prominent player in the Indian energy sector, has announced the completion of an investigation by the Income Tax Department at some of its offices and facilities in India.

Investigation Details

According to the company's statement, the following key points were highlighted:

Aspect	Details
Investigating Authority	Income Tax Department
Nature of Action	Visit to company offices and facilities
Purpose	Investigation under Income Tax Act, 1961
Current Status	Investigation completed
Company's Response	Extended full cooperation to officials

Company's Statement

Waaree Energies announced that the Income Tax Department's investigation at some of the company's offices and facilities in India has been completed. The company stated that it provided full cooperation throughout the process.

Operational Impact

Importantly, Waaree Energies emphasized that all plant operations and offices functioned without interruption during the investigation period and continue to operate normally.

About Waaree Energies Limited

Waaree Energies Limited is known for its operations in the energy sector. The company's registered office is located in Mumbai, and it has been a significant player in India's renewable energy landscape.

The company's prompt disclosure and cooperation with the authorities demonstrate its commitment to transparency. As the investigation has concluded, stakeholders and market observers will likely monitor any potential implications or further developments related to this matter.