Waaree Energies shares gain on bagging 1,500 MW solar module order

Waaree Energies Ltd. has secured an order to supply 1,500 MW of solar modules from a “renowned” customer engaged in power generation, transmission and distribution.The order comprises 1,000 MW of domestically manufactured DCR modules and 500 MW of non DCR modules, with supplies scheduled in the financial year 2026-27.

Separately, Waaree Energies entered the Futures and Options segment from today, with F&O contracts for the January series and subsequent expiries becoming available for trading from the current session.
On the management front, the company on December 29 announced the resignation of its Whole Time Director and Chief Executive Officer, Amit Paithankar, who has decided to step down to pursue opportunities outside the organisation.The board has accepted his resignation and agreed to relieve him with effect from May 15, 2026, or an earlier date as may be mutually decided.

The board has also approved the appointment of Jignesh Rathod, currently Director Operations, as Chief Executive Officer designate with immediate effect.

Rathod will formally assume charge as Chief Executive Officer and key managerial personnel from May 16, 2026, or earlier, subject to Paithankar being relieved sooner.

Shares of Waaree Energies were trading 0.80% higher on Wednesday at ₹3,001.40. The stock has corrected about 23% from its post listing high of ₹3,865.