Waaree Energies share price rose more than 8% on Thursday after the renewable energy firm’s subsidiary won an order to develop a 170 MW solar power plant.
The stock rose as much as 8.52% to ₹3,445.45 apiece on the National Stock Exchange. At 2:05 pm, it was up 3.63% to ₹3,290.
Waaree Energies’ unit wins solar power plant order
In an exchange filing on Wednesday, Waaree Energies informed that its wholly owned subsidiary Waaree Forever Energies Pvt Ltd has received a letter of award (LoA) from Rewa Ultra Mega Solar Ltd for developing a 170 megawatt (MW) solar power plant in Madhya Pradesh.
The solar power plant will facilitate the generation and transmission of clean energy through the Inter-State Transmission System (ISTS). It will supply renewable power to Madhya Pradesh Power Management Company Ltd (MPPMCL) and Indian Railways, the company said.
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ACME Solar share price rises after order win
Shares of ACME Solar Holdings climbed as much as 4.4% to ₹279.95 apiece on the NSE after the company won a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in the NHPC auction held on Tuesday at a tariff of ₹4.56 per unit.
The company said the project includes a green-shoe option to expand the total capacity from 250 MW to 500 MW.
With the latest order, ACME Solar’s total capacity is 6,970 MW.
Nikhil Dhingra, CEO of ACME Solar Holdings Ltd, said, “This win takes our overall portfolio to ~ 7 GW and committed portfolio of long-term power supply with NHPC to 930 MW. Out of this 930 MW, our existing 680 MW, 4 hours peak FRDE committed capacity with NHPC is expected to be converted to PPA shortly, given NHPC has signed 1280 MW PSA recently with Uttar Pradesh.”
He said the project will likely have a scheduled commercial operation date (COD) in the financial year 2027-28, assuming the power purchase agreement (PPA) is signed in early FY26.
Meanwhile, other renewable energy stocks, such as Adani Green Energy, NTPC Green Energy, Premier Energies, and KPI Green Energy, were trading in negative territory.
