Waaree Energies Limited — Important, 26-11-2024: General Updates

Waaree Energies Limited has secured an order for the supply of solar PV modules amounting to 600 MWp from a reputable domestic customer involved in renewable power projects in India. The delivery of these modules is planned to commence in FY 2025-2026. This is a significant one-time contract that reinforces Waaree's position in the growing renewable energy sector. The contract does not involve any related party transactions, ensuring that the deal is conducted at arm's length. This development presents a positive outlook for Waaree, potentially contributing to its revenue growth in the upcoming years. Investors should watch closely as this order could enhance the company's operational capabilities and market presence.