Waaree Energies Raises INR 1000 Crore in Second Round of Funding Led by ValueQuest Updated On Mon, Aug 7th, 2023 by Saurenergy Waaree Energies Limited (WEL), India’s largest solar module maker right now, has successfully raised a round of equity funding, amounting to approximately INR 1000 crore. The investment round was led by ValueQuest, an investment focused on sustainable and progressive ventures. Waaree Energies Ltd. had earlier raised a primary round of ~INR 1040 crore from a […] Read more
Waaree Renewable Technologies Reports Revenue of INR 129 Cr in Q1FY24 with 35.7% Surge YoY Updated On Mon, Jul 24th, 2023 by Saurenergy Waaree Renewable Technologies Limited, the solar EPC subsidiary of Waaree Group and a solar developer that finances, constructs, owns and operates solar projects, has reported its unaudited financial results for the quarter ending June 30, 2023. In Rs Cr Q1FY24 Q1FY23 Y-o-Y Change Revenue 128.9 95.0 35.7% EBITDA 16.0 13.1 22.4% EBITDA Margin 12.4% 13.7% […] Read more
Waaree Commissions 122 MWp of Solar Project At Khandwa In MP Updated On Tue, Jul 4th, 2023 by Saurenergy Waaree Renewable Technologies Ltd. (WRTL), a subsidiary of Waaree Energies Ltd, has now announced the commissioning of 87.5MW (122.5MWp) of EPC solar power project in the Khandwa district of Madhya Pradesh. This project was developed by Waree for UPC Renewable Energy Pvt Ltd’s subsidiary Masya Solar Energy Pvt Ltd. The clean energy project is spread […] Read more
Waaree Renewable Technologies Bags 6.5 MWp(DC)/ 5 MW(AC) EPC Project in Chhattisgarh Updated On Tue, Jun 13th, 2023 by Saurenergy Renewable energy EPC firm, Waaree Renewable Technologies Ltd has been awarded an Engineering, Procurement, and Construction (EPC) contract for a solar power project by energy arm of India’s leading steel and power conglomerate. The firm has secured the EPC contract for a 6.5 MWp (DC)/ 5 MW (AC) solar power project in Chhattisgarh. The project […] Read more
Waaree Renewables Doubles Q4 Net Profit; FY23 Net Profit Fivefold Updated On Tue, May 23rd, 2023 by Saurenergy Waaree Renewables Technology Ltd (WRTL) has announced its financial results for the last quarter and full year FY-2023. The company declared a consolidated net profit of Rs 12.3 crore in the March 2023 quarter marking an 81% increase year-on-year. Waaree also reported a revenue of Rs 351 crore in the full financial year 2023, which […] Read more
Waaree Renewable Technologies Receives LoA for Solar Project of 6.5 MW Updated On Thu, May 4th, 2023 by Saurenergy EPC firm Waaree Renewable Technologies has announced that it has received a Letter of Award (LOA) from energy arm of one of India’s leading conglomerate in steel, power and infrastructure sector. The firm will be responsible for engineering, procurement and construction (EPC) services in respect of setting up of a solar power project of 6.5 […] Read more
Solar Leader Waaree Energies Drums Up Module Manufacturing Capacity to 12 GW Updated On Tue, Dec 20th, 2022 by Saurenergy Leading solar panel manufacturer, Waaree Energies, which currently has an operational 9 GW module manufacturing facility, is looking to set up additional module manufacturing capacity. With this addition to its portfolio, the firm’s module manufacturing capacity will rise to 12 GW including for for 650 watt modules by March 2023. This will be the largest […] Read more
Waaree Group’s Listed Firm WRTL Income Jumps 3.5x in H1 FY23 Updated On Fri, Nov 11th, 2022 by Saurenergy Waaree Renewable Technologies Limited (WRTL) the listed EPC focused arm of India’s largest module manufacturing group, Waaree Energies, has released its results for Q2 FY23. The company has reported total income of Rs. 120.99 crores during the period ended September 30, 2022 as compared to Rs. 95.62 crores during the period ended June 30, 2022, […] Read more
