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Waaree Energies Secures 2 GW Solar Module Order
Waaree Energies has won a large contract to provide solar panels.
The order is for 2 gigawatts of solar modules.
The company will deliver them during two financial years, FY27 and FY28.
The customer is a major solar developer, but its name was not shared.
Waaree said the customer is a domestic entity.
It also said the deal is not connected to its promoters or group companies.
In the latest quarter, Waaree’s profit and revenue both increased compared with last year.
Its shares closed almost unchanged at Rs 2,499 on Monday.
Waaree Energies received an order on September 21, 2026, to supply 2 GW of solar modules to an unnamed leading solar developer.
The modules will be supplied over FY27 and FY28 by the Mumbai-based renewable energy company.
The client is described as a domestic entity, while its name has not been disclosed.
Waaree said the order does not involve promoter or group companies and is not a related-party transaction.
In Q1 FY27, consolidated net profit rose 14% year over year to Rs 850 crore, while operating revenue increased 79% to Rs 7,932 crore.
- Who
- Waaree Energies and an unnamed leading solar developer.
- What
- Waaree Energies received an order to supply 2 GW of solar modules.
- Where
- The order was awarded by a domestic entity; Waaree Energies is headquartered in Mumbai, Maharashtra.
- When
- The order was received on September 21, 2026, with deliveries planned for FY27 and FY28.
- Why
- The stated purpose is to supply solar modules to the solar developer; the articles do not provide a further reason.
Key facts
- Order size
- 2 GW of solar modules
- Supply period
- FY27 and FY28
- Customer
- Unnamed leading solar developer
- Order classification
- Domestic entity; not a related-party transaction
- Q1 FY27 net profit
- Rs 850 crore, up 14% year over year
- Q1 FY27 operating revenue
- Rs 7,932 crore, up 79% year over year
- Monday closing share price
- Rs 2,499
Quotes
Waaree Energies Limited
The renewable energy company speaking through its regulatory filing
“This is to inform you that Waaree Energies Limited (“the Company”) has received an order on September 21, 2026, for supply of 2 GW solar modules from a renowned customer who is a leading solar developer.”
financialexpress.com
Sources
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