Waaree Energies shares rise after new solar project and orders in India and Australia

Waaree Energies shares are gaining attention after its subsidiary, Waaree Forever Energies, received a Letter of Award for a 170 MW solar power plant in Madhya Pradesh. This project will support clean energy generation and supply to local utilities. Earlier this week, Waaree Energies secured an order for solar modules totaling up to 1 GW from a renewable energy developer. The company also received additional orders for 364 MWp and 160 MWp from other clients in the renewable sector. Additionally, Waaree Energies established a new subsidiary in Australia on December 6. The company plans to invest Rs 600 crore to enhance infrastructure for renewable projects and expand its bidding pipeline.