Rs 50,000 Order Book: Solar PV Module Manufacturer Bags Order For 410 Mwp From ABREL EPC Ltd

As of December 31, 2024, Waaree Energies Limited boasts a substantial 26.5-GW or Rs 50,000 order book for solar PV modules, including domestic, export, and franchisee orders.

Waaree Energies Ltd, a leading solar solutions provider in India, has secured a significant order to the supply 410 MWp of solar modules to ABREL EPC Limited, a wholly owned subsidiary of Aditya Birla Renewables Limited. ABREL EPC Limited is involved in owning, developing, and operating renewable power projects in India. This one-time order, awarded by a domestic entity, entails the supply of solar PV modules, with delivery scheduled to begin in FY 2025-26.

About the Company

Waaree Energies Limited, an Indian solar energy company, has been a significant player in the global solar industry since its inception in 1990. With an aggregate installed capacity of 12 GW, the company is India's largest manufacturer and exporter of solar PV modules. As of FY24, Waaree holds a 21 per cent share of the domestic market for solar modules and a 44 per cent share in India's solar module exports.

Waaree's product portfolio includes a diverse range of solar solutions, such as multicrystalline, monocrystalline, and advanced TOPCon modules. The company operates 5 manufacturing facilities in India. Waaree is expanding its facilities to reach 21 GW by 2027, including backward integration into solar cells, ingot and wafer production.

The company has a market cap of over Rs 75,000 crore. As of December 31, 2024, Waaree Energies Limited boasts a substantial 26.5-GW or Rs 50,000 order book for solar PV modules, including domestic, export, and franchisee orders. Investors should keep an eye on this solar stock.

Disclaimer: The article is for informational purposes only and not investment advice.