Waaree Energies shares rose 1% on Tuesday, hitting a day high of Rs 2,547, after the company bagged a 2 GW solar module supply order.

Waaree Energies told the exchanges that it received the order on September 21, from a domestic entity it described only as a leading solar developer.

The company has not named the client or disclosed the value of the deal.

Under the terms of the order, Waaree will supply the 2 GW of solar modules across two financial years, FY27 and FY28.

The company classified this as a one-time order rather than a recurring supply arrangement, and confirmed it does not involve any promoter or group company interest.

It also does not fall under related party transactions. This win comes close on the heels of a strong June quarter for the company.

Waaree’s consolidated net profit rose 14% year on year to Rs 850 crore, while revenue from operations jumped 79% to Rs 7,932 crore compared with the same period last year.

The company had also fixed September 11 as the record date for a dividend of Rs 2 per share, one of its more recent shareholder actions.

Despite the healthy quarter, Waaree Energies stock has had a rough patch on the charts.

Shares are down close to 7% over the past month and have slipped more than 19% over the past six months.

As of 11:02 am on Tuesday, Waaree Energies was trading at Rs 2,516.00 on the NSE, up 0.68% for the day.

The stock remains well below its 52 week high of Rs 3,718.80 touched last October.

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