The project is scheduled to be completed in the financial year 2025-26, in various tranches as per the terms of the order.
Waaree Renewables Technology is a solar EPC service company. It caters to individual, industrial, and commercial customers by encouraging them to adopt energy solutions that help in reducing the release of carbon.
The company’s consolidated net profit stood at Rs 64.48 crore in Q3 FY24, registering a growth of 157.2% from Rs 25.07 crore posted in Q3 FY23. Net sales stood at Rs 324.19 crore in Q3 FY24, steeply higher than Rs 73.88 crore posted in Q3 FY23.
The scrip hit all-time high at Rs 5,835.25 in intraday today.