Archive · 20 Jul 2025
Waaree Renewables Faces Cancellation, Stock in Focus
Waaree Renewables, a company that makes solar power plants, had a project cancelled.
The government of Assam stopped funding a solar project through a loan, so the company couldn't continue.
The company's stock price moved a little bit after this.
Though the stock has had big gains over the last five years, it's lost value more recently.
Waaree Renewables received a cancellation letter from Assam Power Distribution Company for a solar project.
The project was for a 125 MWAC solar power plant with a 18-month completion timeline.
The cancellation was due to the Assam government withdrawing funding from the ADB loan.
Waaree Renewables shares closed slightly higher on Friday, but have lost value YTD.
The company's shares have provided significant returns over five years.
- Who
- Assam Power Distribution Company and Waaree Renewables Technologies.
- What
- Cancellation of a solar power project order for Waaree Renewables Technologies.
- When
- The cancellation letter was received on July 19, 2025.
- Where
- Assam, India.
- Why
- The government of Assam withdrew funding for the project.
Company's Perspective
Government's Perspective
Project Funding
Company's Perspective
Company faces project cancellation.
Government's Perspective
Government cancels project funding.
- Company
- Waaree Renewables Technologies
- Project Type
- Solar Power Plant
- Project Capacity
- 125 MWAC (181.3 MWp DC)
- Contract Date
- March 11, 2025
- Cancellation Date
- July 19, 2025
- 52-Week High
- ₹2,074.95 (September 25, 2025)
- 52-Week Low
- ₹732.05 (April 7, 2025)
- Market Cap
- ₹12,366.25 crore (July 18, 2025)