Waaree Energies Limited , a prominent player in the Indian energy sector, has announced the completion of an investigation by the Income Tax Department at some of its offices and facilities in India.

Investigation Details

According to the company's statement, the following key points were highlighted:

Company's Statement

Waaree Energies announced that the Income Tax Department's investigation at some of the company's offices and facilities in India has been completed. The company stated that it provided full cooperation throughout the process.

Operational Impact

Importantly, Waaree Energies emphasized that all plant operations and offices functioned without interruption during the investigation period and continue to operate normally.

About Waaree Energies Limited

Waaree Energies Limited is known for its operations in the energy sector. The company's registered office is located in Mumbai, and it has been a significant player in India's renewable energy landscape.

The company's prompt disclosure and cooperation with the authorities demonstrate its commitment to transparency. As the investigation has concluded, stakeholders and market observers will likely monitor any potential implications or further developments related to this matter.

Waaree Energies Limited , a key player in India's renewable energy sector, has announced a significant expansion in its solar module manufacturing capabilities. The company's wholly-owned subsidiary, Sangam Solar One Private Limited, has commenced operations at a new state-of-the-art facility in Samakhiali-Kutch, Gujarat.

Facility Details

The new facility began operations on November 15, 2025, at 10:00 AM, representing a substantial boost to Waaree Energies' production capabilities in the solar energy sector.

Strategic Implications

This expansion aligns with India's push towards renewable energy and self-reliance in solar module manufacturing. The increased capacity may potentially strengthen Waaree Energies' position in both domestic and international markets for solar modules.

Market Impact

The commencement of this facility may have several implications for the solar energy market:

1. Increased Supply: The additional 1,500 MW capacity could help meet the growing demand for solar modules in India and potentially for export markets.
2. Competitive Positioning: This expansion may enhance Waaree Energies' competitiveness in the solar module manufacturing sector.
3. Support for Renewable Energy Goals: The increased production capacity aligns with India's ambitious renewable energy targets.

As the renewable energy sector continues to grow, developments like this underscore the ongoing investments and expansions in India's solar manufacturing capabilities. Industry observers will likely be watching closely to see how this increased capacity impacts Waaree Energies' market position and the broader solar energy landscape in India.

Note: This article is based on the latest available information and does not constitute financial advice.