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Latest news about Waaree Renewable Technologies

India Mulls GST Relief for Solar and Wind Sectors, Grid Fee Waiver Extension 5 days ago

The Indian government is considering providing GST relief for solar and wind energy industries and extending the grid fee waiver for renewable energy producers. These measures aim to reduce costs, increase competitiveness, accelerate growth, and boost investor confidence in the renewable energy sector. The move aligns with India's efforts to promote clean energy and reduce dependence on fossil fuels.

Waaree Renewable Technologies Appoints Three New Whole Time Directors, Sets AGM Date 7 days ago

Waaree Renewable Technologies Extends Timeline for Smart Joules Acquisition to August 30, 2025 Jul 31, 2025

Waaree Renewable Technologies Extends Completion Timeline for Smart Joules Acquisition Jul 31, 2025

Waaree Renewable Tech's Solar Project Scope Expands, Order Value Jumps by Rs 296.5 Million Jul 30, 2025

More news about Waaree Renewable Technologies

24Jul 25

Waaree Renewable Technologies Reports 155% Revenue Surge in Q1, Expands into BESS

Waaree Renewable Technologies Limited reported impressive Q1 FY26 results. Revenue increased by 155.20% to INR 603.19 crores, EBITDA grew by 186.14% to INR 117.54 crores, and PAT surged by 206.77% to INR 86.39 crores. The company executed 699 MWp of EPC projects and maintains a 3.15 GWp order book. Waaree is expanding into Battery Energy Storage Systems (BESS) with 40 MWh of orders. The company is also exploring opportunities in green hydrogen and data center EPC projects. Management expects EBITDA margins to remain in the 14-16% range and is pursuing a 25 GW order pipeline.

21Jul 25

Waaree Renewable Technologies Shares Slump 6% Amid US Solar Panel Tariff Concerns

Waaree Renewable Technologies' shares fell 6.2% to Rs 1,112.35 following reports of potential US tariffs on solar panel imports from India. The Alliance for American Solar Manufacturing and Trade has petitioned for tariffs on imports from India, Indonesia, and Laos, citing unfair trade practices. Imports from these countries have surged to $1.6 billion from $289 million in 2022. The US Commerce Department has 20 days to decide on launching a formal investigation. Despite the stock drop, Waaree reported strong quarterly results with net profit up 205% to Rs 86.44 crore and revenue doubling to Rs 603.18 crore. The stock is down 20.3% year-to-date.

20Jul 25

Waaree Renewable Tech Faces Setback as 125 MWAC Solar Project EPC Order Cancelled

Waaree Renewable Technologies Limited (WRTL) announced the cancellation of a 125 MWAC (181.3 MWp DC) solar project EPC order. The cancellation notice was received on July 19, 2025. The project termination resulted from the Government of Assam's decision to withdraw funding through an ADB Loan, leading the Assam Power Distribution Company Limited to deem the project unfeasible. This cancellation is likely to impact WRTL's project pipeline and revenue projections.

18Jul 25

Waaree Renewable Technologies Reports Stellar Q1 FY2026 Performance: Net Profit Soars 206%

Waaree Renewable Technologies Limited has reported exceptional Q1 FY2026 results. Revenue increased by 155.20% to Rs 603.19 crore, EBITDA grew by 186.14% to Rs 117.54 crore, and net profit rose by 206.77% to Rs 86.39 crore compared to Q1 FY2025. The company maintains a strong order book of 3.15 GWp in Solar EPC and 40 MWh in BESS EPC. Waaree has expanded its portfolio to include Battery Energy Storage System EPC solutions, positioning itself as a full-spectrum clean energy provider. The company's growth aligns with India's renewable energy sector trends, with the country's total renewable energy capacity at 234 GW as of June 2025.

17Jul 25

Waaree Renewable Tech Reports Robust 3.15 GWp Unexecuted Order Book

Waaree Renewable Technologies Limited (WRTL) announced a 3.15 GWp unexecuted order book to be completed in 12-15 months. Q1 FY24 financial results show significant growth: revenue up 155.20% to Rs. 603.19 crores, EBITDA up 186.14% to Rs. 117.54 crores, and PAT up 206.77% to Rs. 86.39 crores year-on-year. WRTL has expanded into Battery Energy Storage System EPC solutions. The company's growth aligns with India's renewable energy goals, with total capacity at 234 GW and solar at 116.25 GW as of June 2023.

17Jul 25

Waaree Renewable Tech Expands Clean Energy Portfolio with Strategic Investment in Smart Joules

Waaree Renewable Technologies Limited (WRTL) announced a Rs. 7.98 crore investment in Smart Joules Private Limited (SJPL), acquiring a 3.23% stake. WRTL's Q1 FY2026 results show significant growth with revenue up 155.20% to Rs. 60,318.58 lakhs and net profit up 206.60% to Rs. 8,638.94 lakhs year-over-year. The company's EPC Contracts segment generated Rs. 59,439.87 lakhs in revenue, while the Power Sale segment contributed Rs. 878.71 lakhs.

17Jul 25

Waaree Renewable Technologies Reports 205% Profit Surge and Strong Q1 Financial Growth

Waaree Renewable Technologies, a subsidiary of Waaree Energies Limited, has announced impressive Q1 financial results. The company's revenue increased by 155% to ₹6.03 billion, while consolidated net profit surged 205% to ₹864.40 million. EBITDA grew by 187% to ₹1.18 billion, with the EBITDA margin improving to 19.49%. Despite strong results, the stock fell 0.80% after the announcement, following a 29.80% surge over three previous trading sessions. The company issued a clarification to stock exchanges regarding the increased trading volume, stating all material information had been disclosed in compliance with SEBI regulations.

16Jul 25

Waaree Renewable Technologies Shares Surge 10% Ahead of Q1 FY26 Results

Shares of Waaree Renewable Technologies Limited (WRTL) rose over 10% in anticipation of Q1 FY26 results announcement on July 17. The company will hold a board meeting to approve unaudited financial results, followed by an investor call on July 18. Key executives, including the Executive Director and CFO, will participate in the call. WRTL has provided international toll-free numbers and universal dial-in options for investors to join the call.

03Jul 25

Waaree Renewable Secures ₹26.17 Crore Solar Power Project Contract

Waaree Renewable Technologies has been awarded a Letter of Award (LoA) for an Engineering, Procurement, and Construction (EPC) contract worth ₹26.17 crore. The contract involves developing a 21 MW AC / 29.4 MW DC ground-mounted solar power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0) scheme. This project aligns with India's renewable energy goals and represents a significant opportunity for Waaree Renewable to demonstrate its expertise in solar power infrastructure.

02Jul 25

Waaree Renewable Secures ₹26.17 Crore Solar Project Contract Under Maharashtra Scheme

Waaree Renewable Technologies has been awarded an Engineering, Procurement, and Construction (EPC) contract for a 21 MW AC / 29.4 MW DC solar project in Maharashtra, valued at ₹26.17 crore. The project is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme, a government initiative to promote solar energy in the agricultural sector. This contract is expected to strengthen Waaree's market position in the solar EPC market and boost its revenue.

23Jun 25

Waaree Renewable Inks Non-Binding Deal for 100 MW EPC Project

Waaree Renewable Technologies Ltd has entered into a non-binding agreement with an undisclosed international entity for a 100 MW EPC (Engineering, Procurement, and Construction) renewable energy project. This potential large-scale initiative demonstrates Waaree's capability to engage in significant renewable energy projects and possibly expand its international presence. The agreement, if finalized, could represent a major business opportunity for the company and strengthen its position in the global renewable energy market.

23Jun 25

Waaree Renewable Technologies Secures Enhanced Solar Project Order Worth ₹1,480 Crore

Waaree Renewable Technologies has received a revised scope for an existing EPC contract, increasing the solar project capacity to 2012.47 MWp. This expansion has enhanced the order value by ₹246.92 crore, bringing the total order value to ₹1,480.40 crore. The project expansion strengthens the company's position in the renewable energy market and aligns with India's focus on increasing solar power capacity.

20Jun 25

Waaree Renewable Technologies Boosts Solar Project Order Value by ₹246.92 Crore

Waaree Renewable Technologies has increased the order value of its 2,012.47 MWp ground-mounted solar PV project by ₹246.92 crore, bringing the total to ₹1,480.40 crore. The company received the revised scope on June 20, with original contract terms remaining unchanged. The project execution timeline is yet to be mutually decided with the client.

03Jun 25

Waaree Renewable Technologies Secures ₹346 Crore Solar Project from CESC

Waaree Renewable Technologies has won a 300 MW AC/435 MW DC solar project order worth ₹346.33 crore from CESC. The Engineering, Procurement, and Construction (EPC) project is scheduled for completion in FY 2026. This order is expected to boost Waaree's revenue and market position in the renewable energy sector. The company's stock gained up to 4.50% following the announcement.

16May 25

Waaree Renewable Technologies Secures ₹114.22 Crore Solar Project in Maharashtra

Waaree Renewable Technologies Limited (WRTL) has won a ₹114.22 crore contract to build 94 MW AC Solar PV Plants across Maharashtra. The project is part of the state government's MSKVY 2.0 initiative and aims to provide daytime electricity to farmers. WRTL will handle the complete project development from design to commissioning. This order is expected to boost the company's revenue, strengthen its market position, and showcase its expertise in large-scale solar projects.

20Apr 25

Waaree Renewable Technologies Thrives with Localized Supply Chain and Strong Order Book

Waaree Renewable Technologies Ltd. has established itself as a leader in India's renewable energy sector. The company boasts a 90% domestically sourced supply chain, mitigating import risks. With a substantial 3.2 GW order book to be executed over 12-15 months, Waaree demonstrates strong market demand. Q4 financial results show impressive growth, with net profit up 83% YoY to 93.80 and revenue increasing 74% YoY to 476.60. The company's focus aligns with India's 2030 solar capacity goals, positioning it for potential future growth in the expanding renewable energy market.

17Apr 25

Waaree Renewable Tech Reports Stellar Q4 and FY25 Results, Revenue Soars 82%

Waaree Renewable Technologies Limited (WRTL) announced impressive financial results for FY25. Consolidated revenue increased by 82.29% to ₹1,597.75 crore. Q4 net profit surged 83% to ₹93.76 crore. The company's order book stands at 3.2 GWp. WRTL expanded into Battery Energy Storage System EPC solutions and secured new solar power projects. The Board approved appointments of Sudhir Arya as Independent Director and Sunil Rathi as Executive Director.

16Apr 25

Waaree Renewable Technologies Reports Strong FY25 Performance, Appoints New CFO

Waaree Renewable Technologies Limited (WRTL) reported strong financial results for FY25 with revenue up 82.29% to ₹1,597.75 crore and net profit increasing 57.64% to ₹228.92 crore. The company's order book stands at 3.2 GWp. WRTL appointed Mr. Manmohan Sharma as the new CFO and Mr. Sudhir Arya as an Additional Director. The company has expanded into Battery Energy Storage System (BESS) EPC solutions and completed the amalgamation of its wholly-owned subsidiaries.

16Apr 25

Waaree Renewable Technologies Reports Strong FY25 Performance, Expands into BESS and Data Centres

Waaree Renewable Technologies Limited (WRTL) reported strong financial results for FY25 with revenue up 82.29% to ₹1,597.75 crore. Net profit increased by 57.64% to ₹228.92 crore. The company's unexecuted order book stands at 3.2 GWp. WRTL announced expansion into Battery Energy Storage Systems (BESS) and data centres. Recent order wins include a 255 MWp ground-mounted solar project and a 40 MWh battery storage project. CFO Manmohan Sharma highlighted the company's growth and strategic expansion into BESS EPC solutions.

16Apr 25

Waaree Renewable Technologies Soars: Q4 Profit Surges 83%, FY25 Revenue Up 82%

Waaree Renewable Technologies Ltd. (WRTL) reported impressive financial results for Q4 and FY25. Q4 revenue increased 74.37% YoY to Rs 476.58 crore, with net profit up 82.73%. For FY25, revenue grew 82.29% to Rs 1,597.75 crore, and net profit rose 57.64%. The company commissioned 2.32 GW of projects and has an order book of 3.2 GWp. WRTL expanded into Battery Energy Storage Systems (BESS) and is well-positioned to capitalize on India's renewable energy targets.

14Apr 25

Waaree Renewable Technologies Sets Q4 Results Date, Schedules Investor Call

Waaree Renewable Technologies will announce its Q4 and FY25 financial results on April 16, 2025, followed by an investor call on April 17. The company's trading window for insiders will be closed from April 1, 2025, until 48 hours after the results declaration. This announcement comes after a 16.70% decrease in net profit reported in Q3 FY25.

27Mar 25

Waaree Renewable Technologies Secures Rs 232.30 Crore Solar EPC Contract from Promoter Group

Waaree Renewable Technologies Limited has been awarded a Letter of Award for a 170 MW AC / 255 MW DC ground mount solar power project worth ₹232.30 crore. The contract, awarded by promoter group entity Waaree Energies Limited, includes operation and maintenance, with completion scheduled for FY 2025-26. This significant project strengthens Waaree's position in the solar energy sector and contributes to its future project pipeline.

26Mar 25

Waaree Renewable Technologies Secures ₹262 Crore Solar Project, Share Price Rises

Waaree Renewable Technologies Limited (WAAREERTL) has been awarded a Letter of Award for a 170 MW AC / 255 MW DC ground-mount solar power project. The Engineering, Procurement and Construction (EPC) contract, valued at approximately ₹262.00 crore, includes Operation and Maintenance services. The project, awarded by parent company Waaree Energies Limited, is set to be completed in FY 2025-26. This related party transaction has positively impacted WAAREERTL's share price, which rose by over 5% following the announcement.