Shares of Waaree Renewable Technologies Ltd gained about 7% on Wednesday, 11 March, after the company signed a contract for the engineering, procurement, and construction (EPC) of a 300 MWac / 420 MWp ground-mounted solar PV facility.
 
Waaree Renewable said that it has signed a contract for the engineering, procurement, and construction (EPC) of a ground-mounted solar photovoltaic (PV) project with a capacity of 300 megawatt alternating current (MWac) or 420 megawatt peak.
 
The order was won by a domestic company that generates power with renewable energy, according to an exchange filing. Waaree Renewable will execute the solar power project as EPC under the terms of the contract. The project is expected to be completed during the fiscal year 2027-28 (FY27-28), according to the terms of the order.

Waaree Renewable’s net profit increased by 124.67% to Rs 120.22 crore in the December 2025 quarter, up from Rs 53.51 crore in the same quarter last year. In the current quarter, revenue from operations increased by 136.18% year on year to Rs 851.06 crore, up from Rs 360.35 crore in December 2024.
 
Waaree Renewable’s board approved the acquisition of a 55% stake in Associated Power Structures (ASPL), a power transmission and distribution company, for 1,225 crore.

The transaction is planned to be finalised by 30 April 2026, assuming all agreed-upon conditions are met, according to a corporate statement. After the purchase is completed, ASPL will become a subsidiary of WRTL, the Waaree Group’s listed engineering, procurement, and construction (EPC) division.

Waaree Energies, the parent company of Waaree Renewable, purchased a 64% share in transformer business Kotsons in September last year with a Rs 192 crore main capital infusion.

At 1:10 pm, the shares of Waaree Renewable Technologies were trading 4.08% higher at Rs 829.80 on NSE.

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