Archive · 22 Sep 2026
Waaree Energies Wins 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 FY27 and FY28.
The customer is a leading solar developer, but its name was not shared.
The customer is described as a domestic entity.
Waaree said the deal is not connected to its promoters or group companies.
The value of the contract was not disclosed.
In the latest quarter, the company’s profit and revenue increased compared with the previous year.
Reports gave different figures for the company’s share-price movement.
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 during FY27 and FY28 to a domestic entity, with the order’s monetary value undisclosed.
Waaree said the order is not a related-party transaction and that promoters or promoter-group companies have no interest in the awarding entity.
For Q1 FY27, consolidated net profit rose 14% year over year to Rs 850 crore, while operating revenue increased 79% to Rs 7,932 crore.
Reports differed on the stock’s trading data: one cited a 1.90% intraday rise to Rs 2,548.45, while another reported a Monday close of Rs 2,499.
- Who
- Waaree Energies and an unnamed leading solar developer.
- What
- Waaree Energies received an order to supply 2 GW of solar modules.
- When
- The order was received on September 21, 2026, with deliveries planned for FY27 and FY28.
- Where
- The order was awarded by a domestic entity; Waaree Energies is headquartered in Mumbai, Maharashtra.
- Why
- The stated purpose is to supply solar modules to the solar developer; no further reason was provided.
- Order size
- 2 GW of solar modules
- Order date
- September 21, 2026
- Supply period
- FY27 and FY28
- Customer
- Unnamed leading solar developer and domestic entity
- Order value
- Not disclosed
- 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
