Waaree Renewable Launches Sunsational Power To Boost Renewable Energy Projects

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Waaree Renewable shares successful attraction today: The banal fell 2.10% to Rs 1021 successful nan erstwhile session. Market headdress of nan patient fell to Rs 10,649 crore.

Waaree Renewable launches Sunsational Power to boost renewable power projects Sunsational Power will beryllium responsible for constructing, establishing, operating, and maintaining power procreation accommodation crossed nan nation

SUMMARY

Waaree forms Sunsational Power arsenic a wholly owned renewable power subsidiary
Sunsational Power will attraction connected solar, wind, and hydel powerfulness projects
Waaree shares dropped 2.10% aft caller subsidiary announcement

Shares of Waaree Renewable Technologies are successful news coming aft nan patient announced nan constitution of a wholly owned subsidiary, Sunsational Power, aimed astatine spearheading nan improvement and guidance of renewable power plants.

Waaree Renewable shares fell 2.10% to Rs 1021 successful nan erstwhile session. Market headdress of nan patient fell to Rs 10,649 crore. Total 0.66 lakh shares of Waaree Renewable changed hands amounting to a precocious turnover of Rs 6.84 crore.

This caller subsidiary is group to attraction connected nan generation, accumulation, transmission, distribution, purchase, sale, and proviso of energy derived from non-conventional power sources connected a commercialized scale.

Sunsational Power will beryllium responsible for constructing, establishing, operating, and maintaining power procreation accommodation crossed nan nation. Additionally, nan institution will return complaint of managing, owning, controlling, erecting, commissioning, operating, leasing, aliases transferring powerfulness plants that harness non-conventional power sources specified arsenic solar, wind, mechanical, electrical, and hydel. It will besides service arsenic an Engineering, Procurement, and Construction (EPC) contractor for these powerfulness initiatives.

Sunsational Power plans to found star parks and renewable power systems passim India.

The institution has invested a stock superior of Rs 1 lakh, divided into 10,000 shares weighted astatine Rs 10 each, thereby securing a 100% ownership liking successful Sunsational Power Private. The certificate of incorporation is presently pending.

Waaree Renewable Technologies (WRTL), portion of nan Waaree Group, is simply a leader successful nan Solar EPC sector. The patient specializes successful providing cleanable power solutions done nan implementation of some on-site star projects (such arsenic rooftop and ground-mounted systems) and off-site star farms (open entree star plants).

Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.

Published on: May 21, 2025 9:12 AM IST

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