Waaree Energies Gains on Fresh 212 MW Solar Order

Waaree Energies shares hit a day high of Rs 2,848 on the NSE on 17 July 2026 after bagging a fresh 212 MW overseas solar module order.

Waaree Energies said in a regulatory filing that it has secured an additional order to supply 212 MW of solar modules. This customer is an international company that owns and operates large scale renewable power projects.

With this new order, the total business from this one client now stands at 562 MW. This is not a new relationship.

The customer had already placed an order for 350 MW earlier, and this latest order simply adds to that existing commitment. The company said the entire 562 MW will be supplied during FY27.

Waaree also clarified that this customer has no connection to its promoter group, so the deal does not count as a related party transaction.

This kind of disclosure is standard practice and is meant to reassure investors that the order was won on commercial terms.

The company has been active on other fronts too. Its subsidiary, Waaree Energy Storage Solutions, recently started operations at a new battery storage manufacturing facility in India.

The plant’s capacity was increased from the original plan of 3.5 GWh to over 5 GWh, and it uses automated systems for material handling and quality checks.

Waaree’s broader order book remains large. As of the end of FY26, the company’s unexecuted order book stood at around Rs 53,000 crore, giving it visibility into revenue over the coming quarters.

The stock settled higher by the end of the trading session. Waaree Energies shares closed at Rs 2,840.70 on the NSE, up 0.37% from the previous close of Rs 2,830.30.

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