Waaree Renewable Technologies bags ₹990.60 crore contract; stock surges

Madhu Balaji Updated - February 20, 2024 at 03:03 PM.

Waaree Renewable Technologies Ltd has bagged a contract worth ₹990.60 crore from a renewable energy company.

According to the company’s stock exchange filing, the contract pertains to the execution of engineering, procurement, and construction (EPC) work for a solar power plant of 980 MWp /700 MWac on a turnkey basis. 

The project is scheduled to be completed within 12 months.

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Waaree Renewable Technologies stock surged by 5 per cent on the BSE, trading at ₹4,650.15 as of 12.01 pm. The stock had earlier hit a 52-week high on February 8, 2024, at ₹5,145.25.

Published on February 20, 2024 09:33
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