Sangam Renewables Limited was originally incorporated on 22 June, 1999 as 'Sangam Renewables Limited'. The Company got converted into a Public Company on November 18, 2011 and thereafter the name was changed from Sangam Renewables Limited' to Waaree Renewable Technologies Limited' vide fresh Certificate of Incorporation issued by the Registrar of Companies on July 19, 2021. Since the Company has solar generation site located in the State of Maharashtra, it operates in generation of power business through renewable energy resources and also in providing Engineering, Procurement, and Construction (EPC) services.
During year 2018, the Company commissioned 1.66 MW rooftop project, inked 10.7 MW roof-top projects to be executed over 6 to 9 months and signed PPA for 154 agri-feeder projects in Maharashtra.
During FY 2019-20, the Company commissioned 1.64 MWp rooftop projects, signed PPAs for 18.60 MWp rooftop and ground mounted projects. A total of 42.2 MWp are under construction.
During the year 2019-20, the Company allotted 10,800,000 equity shares of the face value of Rs.10/- each to Waaree Energies Limited, a Promoter Group Company and with this allotment, the Company became subsidiary of Waaree Energies Limited effective from April 08, 2019.
During FY 2019-20, the Company acquired 10000 equity shares of face value of Rs. 10/- each of Waaree PV Technologies Pvt Ltd representing 100% of the paid up equity share capital of the Company and with this acquisition, W ...aaree PV Technologies Pvt Ltd became the wholly owned subsidiary of the Company with effect from April 08, 2019.
During the year 2019-20, the Company acquired balance 2600 equity shares of face value of Rs 10/- each of Waasang Solar Private Limited representing 100% of the paid up equity share capital of the Company and with this acquisition, Waasang Solar Private Limited became the wholly owned subsidiary of the Company with effect from December 10, 2019.
In 2020-21, the Company commissioned 3.85MWp rooftop projects and 12.5 MWp ground mounted projects
The Company divested its entire 51% shareholding held in Waacox Energy Private Limited and consequently with effect from July 05, 2021, Waacox Energy Private Limited ceased to be the material subsidiary company of the Company in 2021-22. The Company commissioned 25.41 MWp projects in 2021-22.
The Company commissioned and executed 295 MW projects in 2022-23.
In 2024, the wholly owned subsidiaries of the Company, Sangam Rooftop Solar Private Limited, Waaree PV Technologies Private Limited and Waasang Solar Private Limited have been merged with the Company and the Scheme of Amalgamation has been made effective from June 11, 2024.
The Company installed a reservoir near the Omkareshwar Dam on the Narmada River in Madhya Pradesh, India. This vast reservoir, covering over 90 square kilometres with a capacity of 987 million cubic metres, became home to two significant floating solar projects - one of 126 MW and another of 90 MW - both commissioned in 2024. In addition to Omkareshwar, floating solar projects have also been implemented in Ramagundam (100 MW) and Kayamkulam (92 MW) in 2025.
FAQs on Waaree Renewable Technologies Ltd
1. Can I buy Waaree Renewable Technologies Ltd from PL Capital? ›
Yes, you can invest in Waaree Renewable Technologies Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Waaree Renewable Technologies Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Waaree Renewable Technologies Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Waaree Renewable Technologies Ltd pay dividends? ›
Yes, Waaree Renewable Technologies Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Waaree Renewable Technologies Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Waaree Renewable Technologies Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Waaree Renewable Technologies Ltd. is ₹ 900.8 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Waaree Renewable Technologies Ltd ? ›
The 52-week high and low of Waaree Renewable Technologies Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
