Waaree Energies Secures 739.71 MW Module Supply Order
ECONOMY & POLICY

Waaree Energies Secures 739.71 MW Module Supply Order

Waaree Energies has secured a 739.71 megawatt (MW) solar module supply order from a leading renewable energy solutions provider, reinforcing its project pipeline. The company said in a regulatory filing that it will supply the modules across fiscal years 2026-27 and 2027-28. The contract is expected to underpin capacity utilisation and logistics planning.

The order would contribute towards achieving around 3.24 gigawatt (GW) of module production capacity in Q1 FY27 and supports the firm’s recent operational momentum. During the first quarter of the financial year, revenue from operations rose 79.2 per cent year-on-year to Rs 79.32 billion (bn), reflecting a 41.51 per cent year-on-year growth driven by scale and efficiency. Management said the module shipment profile helped expand throughput and cost absorption.

The latest award also adds to the company’s overall order book, which reached around Rs 615 bn as of June 2026. Waaree reported an executed Solar EPC order book of around 6 gigawatt-peak (GWp) with an unexecuted order book of Rs 53 bn, including Rs 27 bn of APSP contracts. The firm reiterated its target manufacturing capacity of one GW by FY2027 and a planned capital expenditure of Rs 6.76 bn.

Company executives noted that disruptions in the Middle East have delayed new overseas orders by about a quarter, while shipments in the last quarter remained elevated. Management indicated that the firm has already delivered more than Rs 84 bn in revenue from an order book of about Rs 530 bn. The company currently has around 1.6 GW of manufacturing capacity in the United States and said this is expected to increase to 4.2 GW over the next six months ahead.

Waaree Energies has secured a 739.71 megawatt (MW) solar module supply order from a leading renewable energy solutions provider, reinforcing its project pipeline. The company said in a regulatory filing that it will supply the modules across fiscal years 2026-27 and 2027-28. The contract is expected to underpin capacity utilisation and logistics planning. The order would contribute towards achieving around 3.24 gigawatt (GW) of module production capacity in Q1 FY27 and supports the firm’s recent operational momentum. During the first quarter of the financial year, revenue from operations rose 79.2 per cent year-on-year to Rs 79.32 billion (bn), reflecting a 41.51 per cent year-on-year growth driven by scale and efficiency. Management said the module shipment profile helped expand throughput and cost absorption. The latest award also adds to the company’s overall order book, which reached around Rs 615 bn as of June 2026. Waaree reported an executed Solar EPC order book of around 6 gigawatt-peak (GWp) with an unexecuted order book of Rs 53 bn, including Rs 27 bn of APSP contracts. The firm reiterated its target manufacturing capacity of one GW by FY2027 and a planned capital expenditure of Rs 6.76 bn. Company executives noted that disruptions in the Middle East have delayed new overseas orders by about a quarter, while shipments in the last quarter remained elevated. Management indicated that the firm has already delivered more than Rs 84 bn in revenue from an order book of about Rs 530 bn. The company currently has around 1.6 GW of manufacturing capacity in the United States and said this is expected to increase to 4.2 GW over the next six months ahead.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code