Waaree Renewable's Solar Project Revised, Contract Value Drops 212 Cr; Shares React

• Waaree Renewable Technologies received a revised LoA for a 704 MWac/1,000 MWp grid-connected ground-mount solar power project.
• The revision was due to optimization of evacuation requirements and DC overloading, leading to a reduced contract value.
• Project value decreased by 212.83 crore rupees, from 1252.43 crore to 1039.60 crore rupees.
• Company's Q2 consolidated income rose 47.7% YoY to 774.7 crore rupees, with PAT jumping 117.4% to 116.3 crore rupees.
• Shares closed down 1.39% on Friday but have gained 8.85% over the past year.

Why It Matters: Waaree Renewable's solar project revision cut contract value, but strong Q2 results show growth despite recent share dip.