Waaree Energies Limited — Important, 19-02-2025: General Updates

Waaree Energies Ltd. clarified that it received an order from Khaba Renewable Energy Pvt Ltd, a subsidiary of Engie India, for the supply of solar modules totaling 362.5 MWp. This order will be executed domestically and is scheduled to commence in FY 2025-26. The contract represents a significant opportunity for Waaree, enhancing its operational capacity in the solar energy sector. The timing aligns with the company’s growth strategy, positioning it to capitalize on increasing renewable energy demands. Investors should view this development positively, as it underscores Waaree's market presence and commitment to sustainable energy solutions.