Waaree Energies shares plummet more than 7%
The shares of Waaree Energies Limited were trading at ₹2,464.35 down by ₹209.05 or 7.82 per cent on the NSE today at 10.55 am.
Waaree Energies Limited, a leading solar module manufacturer, secured a Letter of Award on January 20, 2025, for supplying 180 MWp of solar photovoltaic modules to an unnamed domestic renewable energy developer. The supply is scheduled to begin in the fiscal year 2025-26.
The contract was awarded by a company that specialises in owning, developing, and operating renewable power projects in India. The deal represents a significant one-time supply agreement for Waaree.
Waaree confirmed that the contract does not involve any related party transactions and that its promoter group has no interest in the awarding entity.
