Waaree Energies Limited has officially announced the receipt of a substantial order for the supply of 500 MW of solar modules. The order was awarded by a renowned domestic solar power developer that operates as an Independent Power Producer. This one-time contract is scheduled for execution during the financial year 2026-27. This development underscores the company’s leading position in the renewable energy sector and its continued preference among large-scale power developers.

The newly secured 500 MW order represents a significant addition to Waaree Energies’ robust order pipeline, which recently hit a record-high valuation of approximately ₹60,000 crore. While the exact commercial value of this specific contract remains undisclosed, the supply timeline into FY 2026-27 ensures a steady future revenue stream for the company. The modules will be supplied to a domestic entity, reinforcing Waaree’s pivotal role in supporting India’s domestic clean energy transition and its goal of reaching 500 GW of non-fossil fuel capacity by 2030.

Established in 1990 and headquartered in Mumbai, Waaree Energies Limited is India’s largest manufacturer of solar photovoltaic (PV) modules, with a global installed capacity of approximately 22.3 GW as of late 2025. In early 2025, the company has been on an aggressive expansion spree, securing multiple high-profile orders including a 362.5 MW order from a subsidiary of Engie India and a 132.5 MW order from Radiance Renewables. Recent updates indicate that the company is transitioning into a fully integrated “Waaree 2.0” ecosystem, expanding into polysilicon, battery energy storage systems (BESS), and green hydrogen. Notably, in October 2025, the board approved increasing its BESS manufacturing capacity from 3.5 GWh to 20 GWh.

In its latest quarterly financial results for the period ended December 31, 2025 (Q3 FY26), Waaree Energies reported a stellar performance with revenue from operations surging 118.81% year-on-year to ₹7,565.05 crore. The consolidated net profit for the same quarter rose by 115.64% to reach ₹1,062.46 crore. On a quarter-on-quarter (QoQ) basis, the company saw a 24.65% jump in revenue and a 26.1% increase in net profits compared to the September 2025 quarter. The company’s shareholding pattern reflects strong institutional backing, with prominent investors including the Vanguard Group, BlackRock, and Motilal Oswal Asset Management holding significant stakes as of late 2025. Other notable individual investors include Madhuri Madhusudan Kela, who holds approximately 1.16% of the company.