The company’s revenue for the quarter registered an increase of 116% y-o-y to ₹3,457 Crore as compared to ₹1,596 Crore.
Here are some of the stocks that may see significant price movement today: Waaree Energies, Bank of Baroda, Bajaj Finserv, etc.
The first phase consisted of 1.6 GW of solar module production capacity, which the business plans to expand to 3 GW.
As part of this, Waaree will supply EPC for a 2GW solar project at Rajasthan.
The company invested ₹130 Crore in its inverter business through its wholly owned subsidiary, Waaree Power.
These projects include one for 249 MW and another for 149 MW, both from a well-known company involved in renewable energy development.
Company made several statements of orders in the solar modules supply worth up to 364 MWp as well as 160 MWp for the Indian Renewable Power Projects, in its last week.
Here are some of the stocks that may see significant price movement today: Dr Reddy’s Laboratories, RITES, Canara Bank, etc.
This is the third significant order Waaree Energies has received since its stock market debut on October 28.
Its module order is likely to be supplied starting FY 2025-26 and comes out from its own exchange filing.
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