Indian stock market, March 12 -- Waaree Renewable Technologies, the solar EPC arm of Waaree Group, saw its shares surge 4% to Rs.4,650 in today's intraday trading on March 12, after the company received an order for EPC works for a solar power project. Today's rise in the stock also snaps its three-day losing streak.

A three-member consortium, which includes Waaree Renewable Technologies Ltd., has secured a solar power project worth Rs.740.06 crore. Under the project, the consortium will develop a plant with a total capacity of 125 megawatts alternating current (MWAC). The project is expected to be completed within 18 months from the date of signing the contract, according to the company's regulatory filing.

Earlier in mid-February, the...