Shares of Waaree Energies Ltd. experienced a notable surge on Tuesday, climbing by approximately 2% after the solar module manufacturer announced it had secured a substantial order. The company will supply 2 gigawatts (GW) of solar modules to a prominent domestic solar developer.
According to an exchange filing dated September 21, 2026, the order entails a one-time provision of solar modules. Waaree Energies confirmed that the customer is a leading solar developer within India, though the specific entity's name was not disclosed in the filing.
The supply of these 2 GW solar modules is scheduled to occur across two financial years, specifically 2026-27 and 2027-28. While the broad commercial terms involved the delivery of this significant volume of modules, the precise monetary value of the contract was not made public.
Following this positive development, Waaree Energies' stock rose 1.90% to reach a high of Rs 2,548.45 during Tuesday's trading, up from its previous close of Rs 2,501. The stock opened the session at Rs 2,540.
This major order underscores the continued robust demand for solar modules in India, driven by the nation's expanding solar power generation capacity and related infrastructure projects. The company also clarified that the transaction does not involve any related parties, and its promoter or promoter group has no interest in the awarding entity.