Waaree Energies Limited — Important, 16-12-2024: General Updates

Waaree Energies has received orders for two projects totaling 398 MW for the supply of solar modules. The orders comprise 249 MW and 149 MW, from a reputable client involved in renewable power in India. The contracts, primarily for the supply of Solar PV Modules, are categorized as one-time engagements with a scheduled supply commencement in FY 2025-2026. This development underscores Waaree's strong position in the renewable energy sector and suggests potential growth opportunities. Investors should monitor this expansion as it may enhance revenue streams in the coming years.