Waaree Energies announced that its wholly owned subsidiary, Waaree Power Private Limited, has commissioned a new solar inverter manufacturing facility and commenced commercial operations on December 29 at 10:00 AM. The facility represents a significant expansion in the company's renewable energy manufacturing capabilities.

Facility Specifications and Capacity

The new manufacturing facility has been established at the existing Sarodhi-Valsad plant premises in Gujarat. The facility comprises two dedicated solar inverter manufacturing lines designed to meet the growing demand in India's renewable energy sector.

Manufacturing Infrastructure

The facility has been set up within Waaree Power Private Limited's existing factory premises at Sarodhi-Valsad, Gujarat. Each production line offers an annual manufacturing capacity of 1.525 GW, providing operational flexibility and efficient production scaling capabilities. The combined capacity positions the facility as a substantial contributor to India's solar inverter manufacturing ecosystem.

Regulatory Compliance and Disclosure

Waaree Energies fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was signed by Rajesh Ghanshyam Gaur, Company Secretary and Compliance Officer, and submitted to both BSE Limited and the National Stock Exchange of India Limited. Additional details of the development have been made available on the company's official website.

Market Performance and Strategic Impact

Ahead of the announcement, shares of Waaree Energies closed at ₹2,975.00 on NSE, declining 2.35% during the trading session. The facility commissioning marks another step in the company's efforts to expand its manufacturing footprint across the renewable energy value chain.

Solar inverters serve as critical components in photovoltaic systems, converting direct current generated by solar panels into alternating current for grid integration. The facility's substantial capacity demonstrates Waaree Energies' commitment to supporting India's renewable energy goals and strengthening its position in the solar energy value chain.

Waaree Energies has announced a significant corporate expansion through its unit Waaree Forever Energies, which has established ten fully-owned subsidiaries. This strategic move represents a notable development in the company's organizational structure and business expansion efforts in the renewable energy sector.

Corporate Structure Enhancement

The launch of ten fully-owned subsidiaries by Waaree Forever Energies marks a substantial step in the company's growth strategy. This expansion demonstrates Waaree Energies' commitment to strengthening its market position and operational capabilities across various segments of the renewable energy sector.

Strategic Business Expansion

The establishment of these subsidiaries reflects the company's strategic approach to business diversification and operational enhancement. By creating multiple fully-owned entities under Waaree Forever Energies, Waaree Energies is positioning itself to leverage specialized operations and focused business activities across different market segments within the renewable energy industry.

Market Positioning

This corporate restructuring initiative underscores Waaree Energies' efforts to optimize its business operations and create dedicated entities for specific business functions. The move aligns with the company's broader objectives of strengthening its presence in the renewable energy market and enhancing its operational efficiency through specialized subsidiary operations.

The creation of these ten subsidiaries is part of Waaree Energies' corporate expansion strategy, signaling its intent to further establish itself as a key player in the renewable energy sector. This development may potentially lead to more focused and efficient operations across various aspects of the company's renewable energy business.