MoneyWorks4Me

Waa Solar incorporates wholly owned subsidiaries

08 Jan 2026 Evaluate

Waa Solar has incorporated 7 wholly owned subsidiaries. The new companies have been incorporated to act as a Special Purpose Vehicle (SPV) for the execution of the project awarded by M.P. Urja Vikas Nigam (a Govt. of MP Enterprise).

Recently, the company had received a multiple letter of Awards (LoAs) worth around Rs 225 crore from M.P. Urja Vikas Nigam (MPUVNL), (a Govt. of MP Enterprise), for implementation of Grid connected Solar PV based Power Plants (SPP) under Surya Mitra Krishi Feeders Scheme with feeder solarization component of PM KUSUM-C Scheme for sale of power to MPPMCL.

Waa Solar is mainly engaged in solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle (SPV) associate and subsidiaries companies which are engaged in solar power generation activities.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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