{"id":143045,"date":"2025-01-20T15:14:11","date_gmt":"2025-01-20T09:44:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=143045"},"modified":"2025-01-20T15:14:14","modified_gmt":"2025-01-20T09:44:14","slug":"solar-stock-jumps-7-after-receiving-order-worth-277-cr-for-solar-power-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/solar-stock-jumps-7-after-receiving-order-worth-277-cr-for-solar-power-project\/","title":{"rendered":"Solar stock jumps 7% after receiving order worth \u20b9277 Cr for solar power project"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1769819029\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading&nbsp; Renewable energy stocks specialising in the business of power generation through renewable energy sources, jumped 7 percent upon receiving a work order for the execution of EPC works for the Ground mount solar power project of 105 MWp (DC) capacity.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3866356537\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs.11,154.38 crores on Monday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/534618\" target=\"_blank\" rel=\"noreferrer noopener\">Waaree Renewables Technologies Limited<\/a><\/strong> touched a day\u2019s high of Rs. 1,118 which is 7 percent higher than the previous closing price of Rs. 1.044.35 per share. The stock reiterated from the day\u2019s high and was trading at Rs. 1,070, a 2.46 percent higher from the previous closing price.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Waaree Renewables Technologies specialising in the business of generation of power through renewable energy sources has received a Letter of Intent (LOI) from one of the Leading Wind Energy Company.&nbsp;<\/p><p>The domestic work order worth approximately Rs.277.20 crores for executing Engineering, Procurement, and Construction (EPC) works for a 105 MWp (DC) ground-mounted solar power project on a turnkey basis. The project is scheduled to be completed in the financial year 2025- 26.<\/p><div class=\"trade-content_5\" id=\"trade-189569232\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Key Ongoing Projects<\/strong><\/h2><p>Waaree Renewable Technologies is currently executing several key ongoing projects across India. These include large-scale ground-mounted solar power projects such as 210 MWp at Khandwa, 450 MWp at Bikaner, and 295.68 MWp at Kurnool. Additionally, the company is working on floating solar projects like 1.029 MWp in Gujarat and rooftop installations of 4.26 MWp project in Chittorgarh.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Marquee Clients<\/strong><\/h2><p>The company has strong relationships with a multitude of global lenders both state-owned and private companies which include Reliance Industries Ltd, Jindal Steel and Power Ltd, Bharat Petroleum Limited, NTPC Ltd, Larsen &amp; Turbo Ltd, Adani Group and Aditya Birla Group, and many more.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s rose by 12 percent from Rs 324.68 crore to Rs 364.13 crore in Q2FY24-25. Meanwhile, Net profit declined from Rs 64.48 crore to&nbsp; Rs 53.51 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-4070738678\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading&nbsp; Renewable energy stocks specialising in the business of power generation through renewable energy sources, jumped 7 percent upon receiving a work order for the execution of EPC works for the Ground mount solar power project of 105 MWp (DC) capacity. Price action With a market capitalization of Rs.11,154.38 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":129661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[20805,948,936,3157,24563,17355,15616,15617],"class_list":["post-143045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-solar-stock","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-waaree-renewables-technologies","tag-waaree-renewables-technologies-latest-news","tag-waaree-renewables-technologies-ltd-latest-news","tag-waaree-renewables-technologies-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solar stock jumps 7% after receiving order worth \u20b9277 Cr for solar power project - 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