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Latest news about Waaree Energies

Waaree Energies Secures 150 MW Solar Power Supply Agreement 6 days ago

Waaree Energies has entered into a Power Purchase Agreement (PPA) for the supply of 150 megawatts (MW) of solar power. The agreement marks a significant move in the solar power market for the company, although specific details such as duration, pricing terms, and the counterparty remain undisclosed. This deal is expected to provide long-term revenue stability for Waaree and demonstrates its capacity to handle large-scale projects in the growing renewable energy sector.

Waaree Energies Secures 150 MW Solar Power Supply Agreement 7 days ago

Waaree Energies' US Subsidiary Secures 599 MW Solar Module Order 7 days ago

Waaree Energies to Offload 1.15% Stake in Indosolar via OFS Jun 04, 2025

Waaree Energies Subsidiary Secures $176 Million Solar Module Order for U.S. Market May 29, 2025

More news about Waaree Energies

27May 25

Waaree Energies' Subsidiary Backs Out of Stake Acquisition in Ewaa Renewable

Waaree Power Pvt Ltd, a subsidiary of Waaree Energies, has cancelled its agreement to acquire a stake in Ewaa Renewable Techno Solutions. The size of the stake and financial terms were not disclosed. This decision may affect Waaree Energies' expansion strategy in the renewable energy market, potentially leading to a reassessment of its growth plans and partnerships.

23May 25

WAAREE Energies Sees Opportunity in US Tax Bill, Not Listed as Entity of Concern

WAAREE Energies, a major Indian renewable energy company, views the new US tax bill as an opportunity for India. The company is not included in the list of entities of concern related to the bill, which is seen as a positive sign for the Indian renewable energy industry. This development could potentially open up opportunities for Indian firms in the sector, reflecting the interconnected nature of global energy policies and their impact on emerging markets.

23May 25

Waaree Energies May Face Headwinds as US Plans Early End to Clean Energy Tax Credits

The US government has passed a bill to end clean energy tax credits earlier than planned, potentially affecting solar and wind energy projects. This policy shift could challenge Waaree Energies, a key player in the renewable energy sector, particularly in its US operations. The decision may impact project viability, slow investments in renewable energy, and alter market dynamics in the US clean energy sector. Companies like Waaree Energies may need to reassess strategies and explore alternative markets in response to these regulatory changes.

20May 25

Waaree Energies Expands with Rs 293 Crore Acquisition of Kamath Transformers

Waaree Energies has approved two significant acquisitions: Kamath Transformers Private Ltd for Rs 293.00 crore and Green New Delhi Forever Energy Private Limited through its subsidiary. Both acquisitions are set to be completed by FY26 and will be funded through cash. These moves aim to enhance Waaree's market position in the transformer segment and expand its footprint in the renewable energy sector.

19May 25

Waaree Energies Approves Acquisitions Worth Rs 293 Crore, Expanding Energy Portfolio

Waaree Energies has approved two significant acquisitions: Kamath Transformers Pvt Ltd for ₹293.00 crore and Green New Delhi Forever Energy Pvt Ltd through its subsidiary. These all-cash transactions, set to be completed by FY26, aim to strengthen Waaree's position in power infrastructure and green energy sectors. The acquisitions reflect the company's strategic expansion in the evolving energy market, particularly in transformer manufacturing and renewable energy solutions.

13May 25

Waaree Energies Boosts US Presence with $200M Investment, Total Commitment Reaches $1.2B

Waaree Energies, through its subsidiary Waaree Solar Americas Inc., is expanding its US operations with an additional $200 million investment, bringing its total US investment to $1.2 billion. This expansion is expected to create 300-500 new jobs and strengthen the company's position in the American renewable energy sector.

25Apr 25

Waaree Energies: Lock-in Period Ends as Q4 and FY25 Results Show Strong Growth

Waaree Energies' lock-in period for 53% of its shares (15 crore) has ended. Q4 FY25 results show net profit up 34.10% to ₹618.90 crore, revenue up 36.40% to ₹4,003.90 crore, and EBITDA doubled to ₹922.60 crore. FY25 performance: revenue increased 27.62% to ₹14,846.06 crore, PAT doubled to ₹1,932.15 crore. The company's growth and improved profitability coincide with the end of the lock-in period.

24Apr 25

Waaree Energies: Strong Q4 Performance, Ambitious Targets, and Mixed Analyst Views

Waaree Energies posted impressive Q4 FY25 results with revenue up 36% YoY to Rs 4,000 crore. The company projects over 100% EBITDA growth for FY26, targeting Rs 5,500-6,000 crore. Despite strong performance, the stock declined 6% post-results. Analysts are divided: Nuvama maintains a 'Buy' rating with a higher target, while Jefferies downgraded to 'Underperform'. The company plans to add 3.2 GW of module capacity and boasts a Rs 47,000 crore order book. A significant 53% of company equity will be released as the six-month shareholder lock-in period ends on April 25.

23Apr 25

Waaree Energies Reports Strong Q4 and FY25 Results, Eyes Expansion in US Market

Waaree Energies Limited announced robust financial results for Q4 and FY2025. Q4 consolidated revenue increased 37.69% YoY to ₹4,140.92 crore, with net profit surging 254.52% to ₹648.49 crore. FY2025 total income rose 27.62% to ₹14,846.06 crore, with net profit growing 107.08% to ₹1,932.15 crore. The company expanded operations, operationalizing a 1.6 GW module facility in Texas, USA. Waaree plans further expansions in the USA and India, projecting FY26 EBITDA between ₹5,500-6,000 crore. With a 14.1% market share in India and a substantial order book of 25 GW valued at ₹47,000 crore, Waaree is positioned for continued growth in the solar energy market.

23Apr 25

Waaree Energies Reports Strong Q4 Results, Expects Robust Order Book for FY26 and FY27

Waaree Energies Limited reported impressive Q4 FY25 results with consolidated revenue up 37.69% to ₹4,140.92 crore and net profit surging 254.52% to ₹648.49 crore year-on-year. Module production increased to 2.06 GW from 1.35 GW in Q4 FY24. The company plans to expand manufacturing capacity in Texas, USA and Chikhli, India. Waaree's credit rating was upgraded to CARE A+ stable. The company also entered an agreement to acquire Enel Green Power India Private Limited for up to ₹792 crore, aiming to expand its solar and wind project portfolio.

23Apr 25

Waaree Energies Reports Strong Q4 and FY25 Results, Approves Subsidiary Restructuring

Waaree Energies Limited reported significant growth in Q4 FY25 with revenue up 37.69% to ₹4,140.92 crore, EBITDA doubling to ₹1,059.57 crore, and net profit surging 254.52% to ₹648.49 crore. Full-year FY25 results showed similar strength. The company approved subsidiary restructuring, plans to acquire four IPP companies, and expand manufacturing capacity in the USA and India. With a 25 GW order book valued at ₹47,000 crore, Waaree projects FY26 EBITDA between ₹5,500-6,000 crore.

23Apr 25

Waaree Energies Reports Strong Q4 Results, Projects Robust FY26 EBITDA

Waaree Energies Limited announced impressive Q4 FY25 results with total income up 37.69% YoY to ₹4,140.92 crore and net profit surging 254.52% to ₹648.49 crore. For FY25, the company reported a 27.62% increase in total income to ₹14,846.06 crore and a 107.08% jump in net profit to ₹1,932.15 crore. The CEO projects FY26 EBITDA between ₹5,500-6,000 crore, up from ₹3,123.20 crore in FY25. Waaree increased production capacity to 2.06 GW, has a 25 GW order book worth ₹47,000 crore, and opened India's largest cell facility in Gujarat. The company is expanding manufacturing capacity in the USA and India, upgraded its credit rating, and completed an IPO in October 2024.

23Apr 25

Waaree Energies: Strong Q4 Results Boost Stock, Lock-in Period Ending Soon

Waaree Energies Limited announced impressive Q4 FY25 results, with consolidated revenue reaching ₹4,003.90 crore, a 36.40% year-on-year increase. EBITDA doubled to ₹922.60 crore with a 23.00% margin, while net profit grew 34.10% to ₹618.90 crore. The company increased production capacity to 7.13 GW, launched new facilities in India and the USA, and made strategic moves including the acquisition of Enel Green Power India Private Limited. Future plans include additional manufacturing capacity expansions in Texas and near Pune.

22Apr 25

Waaree Energies Reports Strong Q4 Financial Performance: Profit Surges 255%, Beats Estimates

Waaree Energies Limited, India's leading solar module manufacturer, reported exceptional Q4 FY25 results. Revenue increased by 36.4% to ₹4,003.93 crore, while net profit soared 254.52% to ₹648.49 crore. EBITDA doubled to ₹1,059.57 crore with a margin expansion to 25.59%. The company's annual performance was equally impressive, with FY25 revenue growing 27.62% and net profit doubling. Waaree also announced expansion plans, including new manufacturing lines in the USA and India, and operationalized India's largest cell manufacturing facility.

21Apr 25

Waaree Energies Sets Date for Q4 and FY25 Results Announcement

Waaree Energies will release its Q4 and FY25 results on April 22, 2025, followed by an earnings call on April 23. The company's trading window is closed from April 1 until 48 hours post-results. This announcement follows a strong Q3 FY25 performance, with net profit up 260% and total income up 114.6% year-on-year.

17Apr 25

Waaree Energies Shares Surge 6% Ahead of Q4 Results Announcement

Waaree Energies Ltd's share price increased by 6% to ₹2,378.75 in intraday trading as investors anticipate Q4 results. The company will announce its financial results for Q4 and FY 2024-25 on April 22, 2025. A board meeting is scheduled for the same day to approve the results. The trading window for insiders is closed from April 1, 2025, until 48 hours after the results announcement. An analyst and investor conference call is planned for April 23, 2025, featuring key company executives.

29Mar 25

Waaree Energies Inaugurates India's Largest Solar Cell Gigafactory in Gujarat

Waaree Energies Limited has opened a 5.4 GW solar cell gigafactory in Chikhli, Gujarat, on March 29, 2025. The 150-acre facility, India's largest solar cell manufacturing plant, is expected to create 9,500 direct and 30,000 indirect jobs. The inauguration was attended by Gujarat's Chief Minister and other dignitaries. The plant aims to boost India's clean energy manufacturing capabilities and support the country's goal of 500 GW renewable energy capacity by 2030. Waaree's total installed capacity for solar PV modules has now reached approximately 15 GW globally.

26Mar 25

Waaree Energies Set to Inaugurate 5.4 GW Solar Cell Plant, Announces Major Expansion Plans

Waaree Energies will open a 5.4 GW solar cell manufacturing plant in Gujarat on March 29, 2025. The company plans to add 1.6 GW module capacity in Texas, USA, and 3.2 GW in Gujarat. Board changes include appointing R.S. Loona as Independent Director and Ankit Doshi as President - Strategy. These moves signify Waaree's commitment to growth in domestic and international markets.

25Mar 25

WAAREE ENERGIES Expands Solar Manufacturing with New Facilities in Texas, Gujarat, and 5.4 GW Cell Plant

WAAREE ENERGIES Ltd has approved significant expansion plans for its solar manufacturing capabilities. The company will establish a 1.6 GW solar module manufacturing line in Texas, USA, and add 3.2 GW module capacity in Gujarat, India. A new 5.4 GW solar cell manufacturing facility in Gujarat is set to be inaugurated on March 29, 2025. The board also approved key leadership changes, including the appointment of Mr. R.S. Loona as an Independent Director and Mr. Ankit Doshi as President - Strategy.

27Feb 25

Waaree Energies Faces Tax Inspection Amid Major Solar Module Order

Waaree Energies Ltd. is undergoing a tax inspection by Mumbai authorities at its registered office and subsidiary, Waaree Renewable Technologies Limited. The inspection, which began on February 25, 2025, is ongoing. Simultaneously, the company has secured a significant 410 MWp solar module order from ABREL EPC, with supply scheduled for FY 2025-26.

27Feb 25

Waaree Energies Secures Major Solar Module Order Amid Tax Authority Inspection

Waaree Energies Ltd has received a significant order for 410 MWP of solar modules from Abrel EPC, a subsidiary of Aditya Birla Renewables Ltd. Simultaneously, the company is undergoing a tax inspection by the Assistant Commissioner of State Tax in Mumbai, which began on February 25, 2025. The company assures that normal operations remain unaffected and is cooperating fully with the authorities. The inspection's financial impact is yet to be determined.

26Feb 25

Waaree Energies Under Tax Scrutiny: Operations Unaffected Amid Ongoing Search

On February 25, 2025, the Assistant Commissioner of State Tax, Mumbai initiated a search operation at Waaree Energies Limited and its subsidiary, Waaree Renewable Technologies Limited. The operation, conducted under Section 67(2) of the CGST/MGST Act, lasted from 3:45 PM to 8:00 PM and is expected to continue. Waaree Energies is cooperating fully, providing requested data. The company states that normal operations remain unaffected, and financial impact cannot be ascertained at this stage.

25Feb 25

Waaree Energies Secures Massive 410 MWp Solar Module Supply Order from ABREL EPC

Waaree Energies Ltd has received a significant order from ABREL EPC Limited for supplying solar modules for a 410 MWp project. The supply is scheduled to commence in FY 2025-26. This domestic order reinforces Waaree's position in the solar energy market. The company will also participate in the Investec India Promoter & Founder Conference 2025 on March 03, 2025.

20Feb 25

Waaree Energies Secures Massive 362.5 MWp Solar Module Order from Engie India Subsidiary

Waaree Energies Limited has received a contract for 362.5 MWp of solar modules from Khaba Renewable Energy Pvt Ltd, a subsidiary of Engie India. The one-time order will commence supply in FY 2025-26. Additionally, the company will host investors for a plant visit in Gujarat on February 24, 2025.

19Feb 25

Waaree Energies Secures Massive 362.5 MWp Solar Module Order, Boosting Renewable Energy Sector

Waaree Energies Limited has secured a significant order for 362.5 MWp of solar modules from a prominent domestic customer in India's renewable energy sector. The one-time supply contract, set to commence in FY 2025-26, was disclosed in a regulatory filing on February 19, 2025. This order marks a substantial addition to Waaree's order book and underscores the growing demand for solar energy solutions in India.