Waaree Renewable’s growth momentum may persist with the big order win
1 week, 5 days ago

Waaree Renewable’s growth momentum may persist with the big order win

Live Mint  

Waaree Renewable Technologies Ltd’s shares are up about 10% this week after it said it had received an order for a two-gigawatt solar project from Jindal Renewables. With a pipeline of about 18GW, an order win rate of 25% and its parent, Waaree Energies Ltd, being the source for key raw material supplies, Waaree Renewable looks set to maintain its growth ahead. Waaree Renewable is seeing significant traction in its business with increasing adoption of renewable energy across both government agencies and private sector consumers. Waaree Renewable has had a stellar run in recent years, recording a compound annual growth rate of 133% in revenue during FY22-24.

History of this topic

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