Waaree Energies Inventory Value: Shares of Vari Power Restricted, which manufacture photo voltaic PV modules, rose by 8 p.c on Could 29. The inventory was settled at Rs 3018.30 when the enterprise was closed. The corporate has instructed the inventory markets that its full -owned subsidiary waaree photo voltaic Americas has acquired an order of $ 17.6 million. It’s greater than Rs 1500 crore in Indian foreign money. The order is for provide of 586 mW photo voltaic modules. The corporate from which Wari Photo voltaic America has acquired the order is a effectively -known developer, proprietor and operator of Utility Scale Photo voltaic and Power Storage Initiatives within the US. The provision of modules is to begin from FY 2026-27. In 3 months, the share of 38 p.c climbing information was opened by the WaAree Energies shares opened at Rs 2797 on BSE on 29 Could. After this, he went up 8.6 p.c from the final closed worth to Rs 3039.95. The corporate’s market cap is Rs 86700 crore. The corporate had a 64.30 p.c stake within the firm by the tip of March 2025. The corporate’s shares had been listed on 28 October 2024. Within the final one month, the inventory has gained 13 p.c and 40 p.c in 3 months. Not too long ago, the board of Wari Power has accredited the acquisition of Kamat Transformers Non-public Restricted for Rs 293 crore. This will probably be accomplished within the present monetary yr 2025-26. Wari Power will purchase a full 100% stake. Kamat Transformers had been included on 23 Could 1996. The turnover of Kamat Transformers stood at Rs 122.68 crore in FY 2024. Aside from this, the board of the corporate has additionally accredited the acquisition of the newly shaped non -operating firm Inexperienced New Delhi Endlessly Power Pvt Ltd by the corporate’s board. In FY26, the expansion of double digit progress within the hope of 35 p.c enhance within the hopes of 35 per cent-March 2025, the online revenue of Wari Power was elevated by 35.6 per cent to Rs 644.47 crore over a yr in the past. Earnings for the house owners of the corporate elevated by 34 p.c to Rs 618.91 crore. Revenue elevated by 37.69 p.c to Rs 4,140.92 crore on an annual foundation. The web revenue of Wari Power for your entire monetary yr 2024-25 was 51 p.c enhance to Rs 1,928.13 crore. The revenue for the house owners of the corporate was Rs 1867.39 crore. Throughout this era, the corporate’s earnings elevated by 27.62 p.c to Rs 14,846.06 crore. Disclaimer: Right here info supplied is being supplied right here just for info. It’s obligatory to say right here that the funding market available in the market is topic to dangers. All the time seek the advice of consultants earlier than investing cash as an investor. There’s by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
