WAAREE Energies announced after market close on Friday that its subsidiary has received a major order from the US for the supply of 540 MW of solar modules.
WAAREE Energies, a well-known company in the solar energy sector, has achieved a major international success. After the stock market closed on Friday, the company informed the exchange that its wholly-owned subsidiary, Waaree Solar Americas Inc., has received an order from the US for the supply of 540 MW of solar modules. This order has been received from a major utility-scale solar and energy storage project developer and operator in the US, and will be completed in two phases.
Order Details and Supply Timeline
WAAREE Energies stated in its official filing that this order was received on June 27, 2025. Under this, the company's US subsidiary has to supply a total of 540 MW of solar modules. The supply will be in two phases: the first phase will be completed during the year 2025, with 270 MW of modules being delivered. The second phase will be completed between 2027 and 2028, with the remaining 270 MW planned for delivery.
There is a lot of enthusiasm in the market and the energy sector regarding this order, as the participation of Indian companies in utility-scale projects in the US is increasing.
Growing Business, Growing Earnings
WAAREE Energies recently announced its results for the quarter ended March 2025. The company recorded revenue of ₹4,003.9 crore, with a year-on-year growth of 36.4 percent, up from ₹2,935.8 crore in the same quarter of the previous fiscal year.
Furthermore, the company's net profit also increased by 34.1 percent to reach ₹618.9 crore, compared to ₹461.5 crore in the corresponding period last year. This performance clearly indicates that the company is rapidly expanding its existing business and also establishing a foothold in international markets.
Share Performance and Past Year's Movement
On Friday, the company's share closed at ₹2,941.30, down slightly by 0.19 percent. However, this decline is considered a part of the market's normal movement, as the news of the order came out after the market closed. Due to this, investors' eyes will be on the stock on Monday, and some activity may be seen in it.
In the past year, Waaree Energies' shares have shown a growth of 25.76 percent. This indicates that investors' confidence in the company remains, especially as the company continues to secure orders abroad.
Why This Order from the US is Special
The US is a major market in the solar industry, and quality, technology, and trust are given the most importance in its utility-scale projects. In such a situation, the fact that Waaree Energies' subsidiary has received a large order from there indicates the company's international acceptance.
This order has come at a time when the focus on green energy is increasing in the US and Europe, and alternatives like solar and wind energy are being rapidly adopted to reduce carbon emissions. Indian companies are also preparing their products and services to global standards to take advantage of this opportunity.
Company's Global Expansion
WAAREE Energies is one of India's leading solar companies, involved in activities from solar module manufacturing to EPC (Engineering, Procurement, Construction) projects. The company's expansion is no longer limited to the domestic market, but its focus is now also on global markets such as the US, Europe, Africa, and the Middle East.
Through Waaree Solar Americas Inc., the company has established a b presence in the US market, and with this order, this presence is expected to become even ber.
Can Provide a Big Boost to Revenue Growth
According to the company, this new order will not only help it increase foreign revenue but will also strengthen its relationships with global customers. The first phase of deliveries in 2025 could have a direct impact on the company's income and profits in the coming quarters.
After this deal, the possibility of the company receiving other international orders may also increase, as success in markets like the US helps a lot in enhancing the reputation of companies.
Impact of Policy Focused on Clean Energy
The Indian government has also made serious efforts towards clean energy in the last few years. Steps like the Production Linked Incentive (PLI) scheme, promoting domestic manufacturing, and providing ease in exports are benefiting companies greatly. Companies like WAAREE Energies have taken full advantage of this and are expanding rapidly both in the country and abroad.
Now, this order from the US has not only revealed the company's global potential but has also indicated that Indian companies are not lagging behind in the global race of green energy.
Market's Eyes Will Remain on Waaree Energies
When the market opens on Monday, investors and traders will be closely watching Waaree Energies' shares. The reaction to the order from the US and the company's future signals will determine which direction the stock will take. For now, it is certain that this deal has further strengthened the company's global footprint.
