Waaree Energies Limited has secured a fresh order to supply 800 MW of solar modules to a major domestic energy solutions provider, further taking its order book to around ₹53,000 crore.
The company disclosed the order in a regulatory filing dated June 15, 2026. Execution of the contract is scheduled during FY27.
Order book expands
The latest order adds to a series of large contracts won by the company in recent months.
Earlier, Waaree had secured:
- A 500 MW order
- A 2,210 MW order
With the addition of the new contract, the company’s order book has climbed to nearly ₹53,000 crore, providing revenue visibility over the coming years.
FY26 earnings
Waaree reported record financial performance in FY26.
Key numbers were:
- Revenue: ₹26,536.77 crore, up 83.7% year-on-year
- Net profit: ₹3,884.15 crore
- FY25 net profit: ₹1,928 crore
- Final dividend recommended: ₹2 per share
Management has guided for operating EBITDA of ₹7,000 crore to ₹7,700 crore in FY27.
Manufacturing expansion
The company currently has aggregate solar module manufacturing capacity of 25.75 GW.
This includes:
- 24.15 GW in India
- 1.6 GW in the United States
Solar cell manufacturing capacity stands at 5.4 GW and is expected to increase to 11.4 GW by FY27.
To support its expansion plans, Waaree intends to invest more than ₹14,700 crore over the next two years.
The investment is aimed at building capabilities in:
- Ingots
- Wafers
- PV glass
Acquisition completed
Waaree also announced the completion of its acquisition of a 55% stake in Associated Power Structures Private Limited.
The transaction was valued at ₹1,225 crore.
Fundraising plan
The board has approved a fundraising proposal of up to ₹10,000 crore.
The capital may be raised through:
- Qualified Institutional Placement (QIP)
- Other permissible routes
The funds are intended to support the company’s next phase of expansion.
About the company
Waaree Energies Limited manufactures solar PV modules and provides renewable energy solutions.
Headquartered in Mumbai, the company has operations across domestic and international markets and continues to expand across the solar value chain.
TL;DR
Waaree Energies has secured a new 800 MW solar module order for FY27 delivery. The latest contract has taken the company’s order book to around ₹53,000 crore. The company also reported record FY26 earnings and is expanding manufacturing capacity.
AI Summary
- Waaree Energies won an 800 MW solar module order.
- The contract will be executed during FY27.
- Total order book has reached around ₹53,000 crore.
- FY26 net profit rose to ₹3,884.15 crore.
- The board has approved a ₹10,000 crore fundraising plan.
