Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu. The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26. This initiative involves setting up an independent regional power production (IPP) unit.
Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5 million, marking a 155.56% increase….
Waaree Renewable Technologies (WAAREERTL) has received a letter of award (LoA) for the execution of engineering, procurement, and construction (EPC) works for a ground-mounted solar power project. The company will develop the project with a capacity of 3.40 MW DC/2.77 MW AC on a turnkey basis, handling all aspects from start to finish.
Waaree Renewable Technologies Limited has established two wholly owned subsidiaries, Sunsational Solar Private Limited and Sunsational Energy Private Limited. These subsidiaries will focus on the generation, transmission, distribution, and sale of electricity from non-conventional energy sources like solar and wind power. In addition to developing and operating power plants, the subsidiaries will provide engineering, procurement, and construction (EPC) services for renewable energy projects across India. They also plan to develop solar parks and renewable energy…
Waaree Energies has secured an order to supply up to 180 MWp of solar modules to a prominent renewable energy developer in India. Deliveries are set to begin at the end of November 2024 and conclude by the fourth quarter of fiscal year 2025. This contract underscores Waaree’s role in advancing India’s renewable energy infrastructure.
Waaree Energies, a major player in India’s renewable energy sector, has secured an order from Juniper Green Energy Ltd. to supply 90 MW of solar modules for a large-scale project in Bikaner, Rajasthan. The project will feature Waaree’s innovative dual glass bifacial modules, which can absorb sunlight from both sides, increasing energy generation and efficiency, particularly in regions like Rajasthan with high reflective surfaces.
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The Directorate General of Trade Remedies (DGTR) has proposed an anti-dumping duty on imports of textured tempered glass (TTG), commonly used in solar panels, from China and Vietnam. This duty, recommended at the lesser of the dumping margin or injury margin, aims to protect the domestic industry from harm due to underpriced imports. The final decision will be made by the Ministry of Finance following a 30-day feedback period and subsequent oral hearings. The DGTR’s…
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