Latest news about Waaree Energies
Waaree Energies
3,022.00
-46.80(-1.53%)
Company Performance:
View Company Insights1D-1.53%
1M-9.38%
6M-9.76%
1Y+7.63%
5Y+29.21%
More news about Waaree Energies
07May 26
Waaree Energies Subsidiary Executes PPA for 300MW Wind Project
Waaree Energies announced that its wholly-owned step-down subsidiary, Waaree Forever Energies Four Private Limited, executed a Power Purchase Agreement with SECI on May 06, 2026. The agreement covers a 300MW wind power project to be developed in Dwarka, Gujarat.
04May 26
Jefferies Initiates Underperform on Waaree Energies with Target Price ₹2,395 Amid Sharp Q4 Miss and Margin Pressure
Jefferies has rated Waaree Energies as Underperform with a target price of ₹2,395, following a sharp Q4 miss where EBITDA and PAT fell short by approximately 26% and 25%, respectively. The shortfall was driven by input cost inflation and an adverse product mix, with near-term margins expected to remain weak. The company's order book declined 12% on a quarter-on-quarter basis, and FY27 estimates have been cut by Jefferies. While Waaree Energies has guided for 18–30% EBITDA growth at a later stage, the brokerage maintains a cautious outlook given prevailing cost and demand pressures.
01May 26
Waaree Energies Q4FY26 Investor Presentation Available with Record Financial Results
Waaree Energies Limited has made its Q4FY26 investor presentation available on its website, scheduled for April 30, 2026. The company reported exceptional financial results with Q4FY26 revenue of ₹8,480.25 crore (111.80% YoY growth) and PAT of ₹1,126.26 crore (74.76% YoY growth). For FY26, revenue reached ₹26,536.77 crore with PAT of ₹3,884.15 crore. The company maintains a strong order book of ₹53,000 crore and has provided FY27 EBITDA guidance of ₹7,000-7,700 crore.
30Apr 26
Waaree Co CMD Predicts FY27 Outperformance with 20% EBITDA Growth Continuation
Waaree Energies Co CMD has expressed strong confidence in FY27 performance, predicting it will outperform FY26 with continued 20% EBITDA growth momentum. The company maintains its operating EBITDA projection of ₹7,000-7,700 crore for FY27, demonstrating sustained growth expectations in the renewable energy sector.
30Apr 26
Nomura Issues Buy Rating on Waaree Energies with ₹3,750 Target Price Despite EBITDA Miss
Nomura has assigned a Buy rating to Waaree Energies with a ₹3,750 target price following mixed quarterly results. The company achieved a ~12% revenue beat driven by higher volumes but missed EBITDA estimates by 8-11% due to margin contraction. Despite near-term margin pressures, the brokerage remains optimistic citing strong FY27 EBITDA guidance of ₹70-77 billion, planned ₹100 billion fundraise, and attractive valuations at 16x/13x FY27/28 EBITDA multiples.
30Apr 26
WAAREE Energies FY26 Results: ₹2 Dividend, ₹10,000 Cr Fundraising Approved
WAAREE Energies Limited's board approved audited FY26 financial results showing consolidated net profit of ₹3,884.15 crores and total income of ₹27,244.92 crores. The board recommended a final dividend of ₹2 per equity share (20% rate) subject to shareholder approval. A major fundraising initiative of up to ₹10,000 crores through QIP was approved, along with the acquisition of Waaree Semicon Private Limited for ₹1 lakh to enter semiconductor manufacturing. Auditors SRBC & Co. LLP issued unmodified opinion on the financial statements.
24Apr 26
Waaree Energies States US Duty Changes Will Not Impact Import Obligations
Waaree Energies has confirmed that recent US import duty changes will not affect the company's import obligations. The solar energy equipment manufacturer has evaluated the impact and determined that its business operations and existing import commitments remain unaffected by these regulatory modifications.
07Apr 26
Waaree Energies Receives ESG Rating of 66 in 'Aspiring' Category from NSE Analytics
Waaree Energies Limited received an ESG rating of 66 in the 'Aspiring' category from NSE Sustainability Ratings and Analytics Limited. The rating was assigned based on publicly available information without company participation. The company disclosed this information on April 7th, 2026, in compliance with SEBI listing regulations, having been notified by BSE Limited on April 6th, 2026.
06Apr 26
Waaree Energies Subsidiary Commences 3000 MW Solar Module Manufacturing Operations
Waaree Energies announced that its wholly owned subsidiary Sangam Solar One Private Limited has commenced operations at a new 3000 MW solar module manufacturing facility in Samakhiali-Kutch, Gujarat. The facility features four production lines with 750 MW capacity each and began operations on April 06, 2026. The company has informed stock exchanges under SEBI regulations, with the development representing a significant expansion in India's renewable energy manufacturing capacity.
02Apr 26
Waaree Energies Maintains 100% Dematerialized Share Status in Q4FY26
Waaree Energies Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5), confirming 100% dematerialized share status with no rematerialization requests received during the quarter ended March 31, 2026. The company's registrar MUFG Intime India Private Limited certified the compliance status, demonstrating continued adherence to digital share management practices and regulatory requirements.
02Apr 26
Waaree Energies Receives Mixed GST Assessment Outcomes with Appellate Relief and New Demand
Waaree Energies Limited disclosed mixed GST assessment outcomes, receiving significant appellate relief that reduced demands for FY 2017-18 and 2018-19 from ₹12.98 crore to ₹49.49 lakh, while facing a new assessment order of ₹7.52 crore for the April 2019 to March 2020 period. The company stated these developments will not impact its operations and plans to take appropriate legal steps, including appeals where necessary.
30Mar 26
Waaree Energies Allots 10,430 Equity Shares Under Employee Stock Option Plan 2021
Waaree Energies Limited has allotted 10,430 equity shares under its ESOP 2021 scheme following Board approval through circular resolution on March 28, 2026. The allotment increased the company's paid-up share capital from ₹287,64,09,050 to ₹287,65,13,350, with total equity shares rising to 28,76,51,335. The shares were issued at two exercise prices: ₹10 for 8,216 shares and ₹405 for 2,214 shares, with the newly allotted shares ranking pari passu with existing equity shares.
27Mar 26
Government May Cancel 6-7 GW Renewable Energy Tenders, Future Bids to Reflect State-Specific Requirements
Government reportedly considering cancellation of 6-7 GW renewable energy tenders according to media reports. Future bidding processes expected to incorporate state-specific demand and load profile requirements. This shift suggests move toward more localized renewable energy planning and could impact how companies approach project development strategies.
24Mar 26
Waaree Energies Board Approves Rs 3900 Crores Capex and Subsidiary Acquisition
Waaree Energies Limited announced major strategic decisions from its March 24, 2026 board meeting, approving Rs 3900 crores capital expenditure for a glass manufacturing plant with 2500 TPD capacity in wholly owned subsidiary Waaree Green Glass Private Limited, and increasing stake in transformer manufacturing subsidiary Waaree Transpower Private Limited from 64.04% to 75.10% through acquisition of 2.53 crore equity shares at Rs 75 per share for total consideration of Rs 190 crores.
24Mar 26
Waaree Energies Schedules Analyst and Investor Meet for March 28, 2026 in Chennai
Waaree Energies Limited has scheduled an analyst and institutional investor meeting for March 28, 2026, in Chennai from 4:00 PM to 6:30 PM. The in-person meeting will feature both group and one-on-one interactions, with discussions limited to publicly available information only. The company filed the regulatory intimation on March 23, 2026, ensuring compliance with SEBI listing requirements.
21Mar 26
Waaree Energies Board Approves Major Leadership Transition with New CEO and CFO
Waaree Energies Limited completed a comprehensive leadership restructuring with Board approval on March 20, 2026. The solar energy company appointed Jignesh Rathod as new CEO for a five-year term and Abhishek Pareek as CFO, replacing outgoing executives Amit Paithankar and Sonal Shrivastava respectively. Additionally, the company appointed Munna Singh as Deputy CFO and Varun Goenka as President – Growth & Strategy, effective April 2026.
20Mar 26
Waaree Energies Authorizes Key Managerial Personnel for Regulatory Disclosures Under SEBI LODR
Waaree Energies Limited has authorized Key Managerial Personnel for determining materiality and making regulatory disclosures under SEBI LODR Regulations. The company designated four executives including Chairman Hitesh Doshi and CEO Jignesh Rathod for materiality determination, while four personnel including Company Secretary Rajesh Ghanshyam Gaur handle stock exchange disclosures. This March 20, 2026 disclosure ensures compliance with regulatory requirements and maintains transparent communication with stakeholders.
18Mar 26
Waaree Energies Schedules Analyst Meet with Kotak PCG for March 24, 2026
Waaree Energies has scheduled an analyst and institutional investor meeting with Kotak PCG for March 24, 2026, from 3:30-5:00 PM in virtual format. The company filed this disclosure under SEBI Regulation 30, emphasizing that all discussions will be based solely on publicly available information with no unpublished price sensitive information to be disclosed.
18Mar 26
Waaree Energies Promoter Group Member Transfers Shares to Educational Institution
Waaree Energies Limited announced that promoter group member Mr. Chimanlal Tribhovandas Doshi has transferred 90,000 equity shares (0.031% of total paid-up share capital) to Shri Mahavira Jaina Vidyalaya for educational purposes on March 17, 2026. This donation is part of the promoter family's commitment announced in October 2025 to donate 1% of equity share capital for charitable causes, demonstrating their dedication to supporting educational initiatives and social responsibility.
18Mar 26
Waaree Energies Partners with Rajasthan Royals as Main Principal Partner
Waaree Energies Limited has officially announced its partnership with Rajasthan Royals as the Main Principal Partner through regulatory disclosure under SEBI Regulation 30. The partnership features Waaree's logo prominently on the team's official matchday jersey and training kits, bringing together two brands committed to innovation and sustainability with shared vision to inspire positive change through sport.
17Mar 26
Waaree Energies Faces ICC Arbitration Over Enel Green Power India Acquisition Deal
Waaree Energies faces ICC arbitration in London over alleged breaches of January 10, 2025 Share Purchase Agreement for acquiring Enel Green Power India Private Limited. Enel Green Power Development claims damages and loss of profits through monetary claims, while Waaree Energies disputes allegations and plans to contest vigorously with legal counsel.
16Mar 26
Waaree Energies Completes $30 Million Acquisition of US Solar Company Shares
Waaree Energies Limited has successfully completed its strategic USD $30 million acquisition in the US solar market through subsidiary Waaree Solar Americas Inc., which acquired 53,68,551 series B preferred shares of United Solar Holding Inc. The transaction, announced to stock exchanges on March 16, 2026, represents successful closure of the Share Subscription Agreement initially disclosed in December 2025, marking a significant milestone in the company's international expansion strategy.
16Mar 26
Waaree Energies Announces India's Biggest 10 GW Integrated Solar Facility in Nagpur
Waaree Energies has announced the groundbreaking of India's largest integrated solar ingot and wafer manufacturing facility with 10 GW capacity in Nagpur, requiring ₹6,200 crore investment across 300 acres. The project will create over 8,000 direct and indirect jobs while strengthening India's upstream solar manufacturing ecosystem and reducing import dependence.
27Feb 26
Waaree Energies Addresses US Duties Impact Through Analyst Conference Call
Waaree Energies held a comprehensive conference call to address US countervailing duties, with management confirming minimal operational impact through strategic supply chain diversification. The company maintains strong order book growth and US expansion plans while ensuring FEOC compliance for continued market access.
25Feb 26
Waaree Energies schedules analyst meet for February 28, 2026 at CVOC Investocraft
Waaree Energies Limited has scheduled an analyst and institutional investor meeting for February 28, 2026, at CVOC A Investocraft 2026 in Mumbai, running from 8:30 AM to 6:00 PM. The meeting will feature both group and one-on-one interactions conducted in person, with discussions based solely on publicly available information in compliance with SEBI Regulation 30.
25Feb 26
Waaree Energies Receives LOA For 300MW Wind Power Project In Gujarat
Waaree Energies subsidiary Waaree Forever Energies Private Limited has secured a Letter of Award from Solar Energy Corporation of India Limited for developing a 300MW wind power project in Dwarka, Gujarat. The project comes with a 25-year Power Purchase Agreement and represents a significant expansion in the company's renewable energy portfolio.
24Feb 26
Waaree Energies Secures 500MW Solar Module Order from Leading Independent Power Producer
Waaree Energies has received a significant 500MW solar module order from a leading Independent Power Producer, scheduled for delivery during FY 2026-27. The company disclosed this material contract under SEBI regulations, confirming it maintains arm's length commercial terms without related party involvement, thereby strengthening its competitive position in India's expanding solar energy market.
23Feb 26
Waaree Energies Signs Strategic Green Hydrogen Deals Worth 52.5 MW with ZFI
Waaree Energies has formalized comprehensive green hydrogen agreements worth 52.5 MW through its subsidiary, including a 15-year EAAS contract for 2.5 MW electrolyzer with ZFI and 50 MW supply MOU. The project will produce 41 lakh Nm3 green hydrogen annually, supporting industrial decarbonization across Northern India with commercial operations expected by Q3 FY 2026-27.
20Feb 26
Waaree Energies Issues Clarification on Andhra Pradesh Battery Giga-Factory Investment Reports
Waaree Energies Limited issued a regulatory clarification on February 19, 2026, regarding media reports about an ₹8,175 crore battery giga-factory investment in Andhra Pradesh. The company confirmed its Board had previously approved expanding Lithium-Ion Advanced Chemistry Storage Cells and BESS manufacturing capacity from 3.5 GWh to 20 GWh on October 01, 2025, with approximately ₹8,000 crores additional capex through subsidiary Waaree Energy Storage Solutions Private Limited. The company is currently in discussions with Andhra Pradesh and other state governments for the proposed greenfield facility, emphasizing no unpublished price sensitive information is pending disclosure.
04Feb 26
Waaree Energies Secures 150MW Solar Module Order from Waaree Solar Americas
Waaree Energies has received a significant order for 150MW solar modules from Waaree Solar Americas, marking an important business milestone for the company. This substantial order demonstrates strong demand for the company's solar products in the North American market and reinforces its expanding international presence through its global network operations.
29Jan 26
Waaree Energies Reports Record-Breaking Q3 FY26 Results with 118.81% Revenue Growth
Waaree Energies Limited reported exceptional Q3 FY26 results with revenue of Rs. 7,565.05 crores (118.81% YoY growth) and operating EBITDA of Rs. 1,928.15 crores (167.16% YoY growth). The company achieved record quarterly module production of 3.5 gigawatts and became the first Indian solar manufacturer to produce over 1 gigawatt monthly. With a strong order book of Rs. 60,000 crores and pipeline exceeding 100 gigawatts, the company expects to surpass its FY26 EBITDA guidance of Rs. 5,500-6,000 crores while expanding across the energy transition ecosystem.
23Jan 26
Waaree Energies Incorporates Step-Down Subsidiary for Independent Power Producer Operations
Waaree Energies Limited has incorporated a new step-down subsidiary, Decarbon X Projects Private Limited, on January 22, 2026, through its wholly-owned subsidiary Waaree Forever Energies Private Limited. The new entity will operate as an Independent Power Producer (IPP) and focus on facilitating and holding specific power projects under the IPP framework. As a newly incorporated company registered with the Registrar of Companies, Mumbai, it is yet to commence business operations and currently has nil turnover.
22Jan 26
Waaree Energies Plans 20 GW Battery Manufacturing Facility Starting FY27
Waaree Energies announces plans for a 20 GW battery manufacturing facility starting FY27, backed by ₹1,000 crore equity funding and ₹25,000 crore capex over 24 months. The project will be developed in two phases with 3.5 GW capacity in FY27 and 16.5 GW in FY28. The company's Oman polysilicon facility nears completion with trial production expected this quarter, while US operations expand to 4 GW total planned capacity.
21Jan 26
Waaree Energies Reports Insider Trading Code Violation by Designated Person
Waaree Energies Limited reported a Code of Conduct violation by designated person Ruchit Jain involving unauthorized share trades worth ₹6.43 lakh in November 2025. The company issued a written warning and directed disgorgement of ₹1,400.00 profit to SEBI's fund, demonstrating its commitment to regulatory compliance.
21Jan 26
Waaree Energies Targets Achievement of EBITDA Goals
Waaree Energies has announced its aim to achieve established EBITDA targets, highlighting the company's commitment to meeting key profitability metrics. The renewable energy company's focus on EBITDA goals demonstrates its strategic approach to financial performance management and operational efficiency.
21Jan 26
Waaree Energies Acknowledges ₹2.95 Billion in Liabilities Related to US Customs Investigation
Waaree Energies has acknowledged ₹2.95 billion in liabilities related to a US Customs investigation from the previous year. This significant financial disclosure highlights the impact of international regulatory compliance matters on the solar energy company. The acknowledgment demonstrates the company's commitment to transparency while underscoring the complexities of operating in international markets.
21Jan 26
Waaree Energies Reports Strong Q3 Performance with 116% Jump in Net Profit
Waaree Energies reported outstanding Q3 financial results with consolidated net profit surging 116.33% year-on-year to ₹10.60 billion from ₹4.90 billion. Revenue performance was equally impressive, more than doubling to ₹75.65 billion compared to ₹34.60 billion in the previous year's corresponding quarter, representing 118.64% growth. The exceptional performance across both revenue and profitability metrics demonstrates the company's strong operational execution and robust market positioning.
19Jan 26
Waaree Energies Schedules Conference Call for Q3 & 9M FY26 Results Discussion on January 22, 2026
Waaree Energies Limited has scheduled a conference call for January 22, 2026, at 3:30 PM IST to discuss its Q3 and nine-month FY26 financial results with analysts and institutional investors. The call will feature key management personnel including CEO Mr. Amit Paithankar and CFO Ms. Sonal Shrivastava, with multiple dial-in options provided for domestic and international participants.
19Jan 26
Waaree Energies Secures Major Solar Module Orders Worth 210 MW for India and 2000 MW for USA
Waaree Energies Limited secured two major solar module orders on January 19, 2026 - 210 MW DCR modules for India and 2000 MW modules for the USA through its subsidiary. The Indian order targets Financial Year 2026-27 delivery while the US order spans 2028-2030, both representing one-time contracts with no related party involvement.
19Jan 26
Waaree Energies Secures Major Solar Module Orders Worth 2,210 MW
Waaree Energies announced securing major orders for solar modules totaling 2,210 MW capacity. The company received a 210 MW order for DCR solar modules, which comply with Domestic Content Requirement norms, and a separate 2,000 MW order for solar modules. These substantial orders demonstrate strong market demand for the company's products and highlight its manufacturing capabilities in India's expanding renewable energy sector.
16Jan 26
Waaree Energies Incorporates Eight Step-Down Subsidiaries for Power Projects
Waaree Energies Limited has incorporated eight step-down subsidiaries through Waaree Forever Energies Private Limited for Independent Power Producer projects. The entities, incorporated between January 13-15, 2026, are wholly-owned subsidiaries focused on facilitating power projects under the IPP framework. All companies are registered with ROC Mumbai and have yet to commence operations.
16Jan 26
Waaree Energies Forms Eight New Subsidiaries Under Waaree Forever Energies
Waaree Energies Limited has formed eight new subsidiaries under Waaree Forever Energies Private Limited, all registered in India but not yet operational. This corporate expansion represents a strategic move to strengthen the company's organizational structure in the renewable energy sector.
12Jan 26
Waaree Energies Shares Jump 5% as China Cuts Solar Export Tax Rebates
China's announcement to cut solar export tax rebates from April 2026 has boosted Indian solar stocks, with Waaree Energies gaining over 5% and Premier Energies up more than 4%. The policy eliminates VAT rebates for 249 goods including solar cells and reduces battery-related rebates from 9% to 6%. This change is expected to increase Chinese solar product prices, creating opportunities for Indian manufacturers to gain global market share previously dominated by subsidized Chinese exports.
12Jan 26
Waaree Energies, Premier Energies Rally Up to 5% on China's Solar Export Policy Shift
Waaree Energies and Premier Energies shares surged up to 5.40% and 4.40% respectively on January 12, reaching ₹2,681.80 and ₹749.50, following China's announcement to cancel or reduce VAT rebates on solar exports starting April 1, 2025. The policy shift could ease global pricing pressure and benefit non-Chinese manufacturers, providing relief after both stocks corrected 30-45% from recent peaks.
09Jan 26
Waaree Energies Secures 105 MW Solar Module Order, Strengthens ₹47,000 Crore Order Book
Waaree Energies has secured a 105 MW solar module order from a reputed renewable power project developer, to be executed within FY26. This order strengthens the company's ₹47,000 crore order book spanning 24 GW capacity. The company reported strong Q2 FY26 financial performance with revenue growing 70% YoY to ₹6,066 crores and net profit surging 133% to ₹878 crores. With a balanced order book split between overseas (59.5%) and domestic (40.5%) markets, and a pipeline exceeding 100 GW, Waaree is well-positioned for sustained growth in India's expanding solar sector.
09Jan 26
Waaree Energies Secures 105 MW Solar Module Supply Order for FY 2025-26 Completion
Waaree Energies Ltd has announced securing an order to supply 105 MW solar modules to a well-known domestic client, with completion expected in FY 2025-26. This significant order adds to the company's growing order book and reinforces its position in India's solar module manufacturing sector, demonstrating continued strong demand for domestic solar solutions.
09Jan 26
Waaree Energies Secures 105 MW Solar Module Order from Domestic Renewable Power Company
Waaree Energies Limited secured a 105 MW solar module supply order from a domestic renewable power company on January 08, 2026. The one-time contract involves delivery during Financial Year 2025-26 to a renowned customer engaged in developing and operating renewable power projects in India. The company confirmed this is not a related party transaction with no promoter group involvement.
06Jan 26
Waaree Energies Shares Drop 15% in 9 Days Despite ₹1,003 Crore Battery Facility Raise
Waaree Energies experienced a significant stock decline of 15% over nine consecutive trading sessions, falling to ₹2,642 despite announcing a successful ₹1,003 crore fundraise for its 20 GWh lithium-ion battery manufacturing facility. The technical analysis reveals bearish signals across all moving averages with RSI in oversold territory at 27.1, highlighting a disconnect between positive corporate developments and market sentiment.
05Jan 26
Waaree Energy Storage Solutions Raises ₹1,003 Crores for 20 GWh Battery Plant
Waaree Energy Storage Solutions has secured ₹1,003 crores in funding from family offices, HNIs, and institutional investors to establish a 20 GWh lithium-ion cell and battery pack manufacturing facility. This fundraising is part of a larger ₹10,000 crore capex plan aimed at reducing India's import dependence on battery technology and strengthening domestic energy storage manufacturing capabilities. The facility will produce high-performance cells for utility-scale storage, electric vehicles, and distributed energy applications, positioning Waaree as an integrated renewable energy solutions provider alongside its existing solar and inverter operations.
31Dec 25
Waaree Energies receives multiple GST demand orders totaling ₹4.81 crores
Waaree Energies Limited has received multiple GST demand orders totaling ₹4.81 crores from different tax authorities on December 30, 2025. The demands relate to alleged Input Tax Credit violations across various periods, with the company maintaining no financial or operational impact and planning to contest through legal channels.
31Dec 25
Waaree Energies Shares Rise on 1,500 MW Solar Order and Leadership Transition
Waaree Energies experienced positive stock movement following a major 1,500 MW solar module order comprising 1,000 MW DCR and 500 MW non-DCR modules for FY 2026-27 delivery. The company also announced leadership transition with Jignesh Rathod replacing Amit Paithankar as CEO in May 2026, while entering the F&O segment for trading.
29Dec 25
Waaree Energies CEO Amit Paithankar to Step Down in 2026; Rathod Takes Over
Waaree Energies has announced a leadership transition with CEO Amit Paithankar stepping down on May 15, 2026, to pursue external opportunities. The board has appointed Jignesh Rathod, who brings over 18 years of operational expertise, as CEO-Designate to ensure seamless leadership continuity and support the company's next growth phase.
29Dec 25
Waaree Energies Subsidiary Commences 3.05 GW Solar Inverter Plant Operations
Waaree Energies announced the commissioning of a 3.05 GW solar inverter manufacturing facility by its subsidiary Waaree Power Private Limited at Sarodhi-Valsad, Gujarat, with commercial operations starting December 29. The facility comprises two production lines of 1.525 GW each, marking a significant expansion in the company's renewable energy manufacturing capabilities and strengthening its position in India's solar energy value chain.
23Dec 25
Waaree Energy Unit Launches Ten New Subsidiaries
Waaree Energies has announced a significant expansion through its unit Waaree Forever Energies, which has established ten fully-owned subsidiaries. This move represents a notable development in the company's organizational structure and business expansion efforts in the renewable energy sector. The launch of these subsidiaries demonstrates Waaree Energies' commitment to strengthening its market position and operational capabilities across various segments of the renewable energy industry.
23Dec 25
Waaree Energies Expands with 15 New Subsidiaries in One Week for Power Projects
Waaree Energies has significantly expanded its renewable energy portfolio by incorporating 15 new wholly-owned subsidiaries within one week through its subsidiary Waaree Forever Energies Private Limited. The incorporations occurred in phases: three subsidiaries on December 17, two on December 18, and ten more between December 22-23, 2025. All entities are established under the Independent Power Producer framework to facilitate specific power projects, with 100% shareholding maintained by the parent entity and full regulatory compliance under SEBI listing requirements.
23Dec 25
Waaree Energies Limited Schedules Investor Meeting for December 27, 2025
Waaree Energies Limited has scheduled a physical investor meeting for December 27, 2025, in Delhi, as announced under SEBI Regulation 30 compliance. The company will conduct discussions based solely on publicly available information, with no unpublished price-sensitive information to be disclosed. The meeting represents the company's ongoing engagement with the investment community while maintaining regulatory transparency.
22Dec 25
Waaree Energies to Invest $30 Million in US Solar Firm for Supply Chain Expansion
Waaree Energies Ltd has announced a strategic $30 million investment to subscribe to Series B preferred shares in US-based United Solar Holding Inc. The acquisition of 53,68,551 shares is aimed at strengthening the company's polysilicon supply chain capabilities, with completion expected by January 31, 2026.
20Dec 25
Waaree Energies Clarifies 300 MW Solar Module Supply Contract with Sembcorp Subsidiary
Waaree Energies issued a regulatory clarification regarding its 300 MW solar module supply contract with Green Infra Clean Wind Technology Private Limited, a Sembcorp subsidiary. The contract, signed on October 23, 2025, is part of normal business operations and doesn't require disclosure under SEBI regulations. The company affirmed no pending price-sensitive information or legal proceedings related to this contract.
19Dec 25
Waaree Energies Forms Step-Down Subsidiary Hydro Bloom Energy for IPP Projects
Waaree Energies has formed a new step-down subsidiary Hydro Bloom Energy Private Limited through Waaree Forever Energies Private Limited, incorporated on December 18, 2025. The subsidiary is specifically designed for Independent Power Producer projects, representing the company's strategic expansion into power generation beyond its core solar manufacturing business.
18Dec 25
Waaree Energies Subsidiary Creates Two New Fully-Owned IPP Companies
Waaree Energies has strategically expanded its operations through the creation of two new fully-owned Independent Power Producer companies via its subsidiary. This development strengthens the company's position in the renewable energy sector by diversifying into power generation alongside its existing electrical equipment manufacturing capabilities. The move represents a comprehensive approach to capturing value across the renewable energy value chain and aligns with India's growing clean energy market opportunities.
17Dec 25
Waaree Energies Subsidiary Forms Three New Renewable Firms
A subsidiary of Waaree Energies has established three new fully-owned renewable energy companies. This move expands the group's renewable energy portfolio and strengthens its position in the clean energy sector. The creation of these specialized entities allows for focused operations in different aspects of renewable energy development and implementation, potentially enabling the pursuit of diverse projects simultaneously while maintaining operational efficiency.
17Dec 25
Waaree Energies CMO Nilesh Malani Resigns Effective December 10, 2025
Waaree Energies Limited announced the resignation of Chief Marketing Officer Nilesh Malani, effective December 10, 2025. Malani, who served for nearly two years, cited personal and professional reasons for his departure. During his tenure, he led marketing efforts and developed new business in special modules. The company acknowledged an unintentional delay in reporting this change under SEBI regulations.
16Dec 25
Waaree Energies Subsidiary Launches Two New IPP Companies: Windora Energy and Agni Vayu Energy
Waaree Energies has established two new fully owned Independent Power Producer (IPP) companies, Windora Energy and Agni Vayu Energy, through its subsidiary. This strategic move aims to expand Waaree's presence in the independent power production sector, focusing on renewable energy generation.
16Dec 25
Waaree Energies Subsidiaries Incorporate Two New Firms for Power Projects
Waaree Energies Limited announced the incorporation of two new wholly-owned subsidiaries through its subsidiary, Waaree Forever Energies Private Limited. The new entities, Windora Energy Private Limited and Agni Vayu Energy Private Limited, were incorporated on December 16, 2025, for facilitating power projects under the Independent Power Producer (IPP) framework. Both companies are registered in Mumbai and are yet to commence operations.
16Dec 25
Waaree Energies Incorporates New Wholly-owned Subsidiary EcoFlux Renewables For IPP Projects
Waaree Energies Limited announced the incorporation of EcoFlux Renewables Private Limited as an indirect wholly-owned subsidiary through its existing subsidiary structure. The new entity is specifically established for facilitating and holding power projects under the Independent Power Producer (IPP) framework, representing the company's strategic expansion in renewable energy project development.
12Dec 25
Waaree Energies Subsidiary Officially Launches 1500 MW Solar Plant Operations
Waaree Energies has officially announced the commencement of operations at its subsidiary Sangam Solar One's 1500 MW solar module manufacturing facility in Samakhiali-Kutch, Gujarat. The wholly-owned subsidiary started operations on December 12, 2025, at 10:00 AM, with the facility featuring two production lines of 750 MW each. The company has formally notified stock exchanges under SEBI Regulation 30, demonstrating regulatory compliance and transparency in this significant expansion of India's renewable energy manufacturing capacity.
10Dec 25
Waaree Energies Officially Incorporates Solaris Horizon Energy IPP Subsidiary
Waaree Energies has completed the official incorporation of Solaris Horizon Energy Private Limited on December 10, 2025, establishing a dedicated Independent Power Producer subsidiary. The entity, incorporated through wholly-owned subsidiary WFEPL, will focus on facilitating and holding power projects under the IPP framework, representing the company's strategic expansion from solar panel manufacturing into power generation to create a comprehensive renewable energy value chain.
28Nov 25
Waaree Energies Secures 140 MW Solar Module Supply Order for FY 2025-26
Waaree Energies Limited has secured a contract to supply 140 MW of solar modules to a prominent customer in India's renewable power industry. The order is from a domestic entity specializing in owning, developing, and operating renewable power projects. The supply is scheduled for execution in the Financial Year 2025-26. This order does not involve any related party transactions or interest from the promoter or promoter group.
25Nov 25
Waaree Energies Completes Income Tax Department Investigation
Waaree Energies Limited announced the completion of an Income Tax Department investigation at some of its offices and facilities in India. The company provided full cooperation during the process, and all plant operations and offices continued to function normally throughout the investigation period. The investigation was conducted under the Income Tax Act, 1961.
15Nov 25
Waaree Energies' Subsidiary Launches 1,500 MW Solar Module Manufacturing Facility
Waaree Energies Limited's subsidiary, Sangam Solar One Private Limited, has launched a new solar module manufacturing facility in Samakhiali-Kutch, Gujarat. The plant, which began operations on November 15, 2025, features two production lines with a total annual capacity of 1,500 MW. This expansion aligns with India's renewable energy goals and may strengthen Waaree Energies' position in domestic and international solar module markets.
11Nov 25
Waaree Energies Secures 360 MW Solar Module Supply Order for FY 2025-26
Waaree Energies Limited has announced a significant order for supplying 360 MW of solar modules to a prominent domestic customer, a developer and owner-operator of utility-scale solar and energy storage projects. The one-time order is set for delivery in the financial year 2025-26. This development was disclosed to the BSE and NSE stock exchanges in compliance with SEBI listing regulations.
04Nov 25
Waaree Energies to Acquire Full Ownership of Sunbreeze Ninth Cloud
Waaree Energies Limited's wholly-owned subsidiary, Waaree Forever Energies Private Limited (WFEPL), has signed a Share Purchase Agreement to acquire a 100% stake in Sunbreeze Ninth Cloud Private Limited. The acquisition is expected to be completed by November 30, 2025, or a later agreed date. This transaction is not related to any party within Waaree Energies' promoter or group companies.
31Oct 25
Waaree Transpower Unveils Next-Gen Inverter Duty Transformers at Renewable Energy India Expo 2025
Waaree Transpower, a subsidiary of Waaree Energies, has launched a new line of Inverter Duty Transformers (IDTs) at the Renewable Energy India Expo in New Delhi. The flagship model has a capacity of 17.60 MVA and a voltage rating of 4X660V/33 kV. These transformers are designed for utility-scale solar plants, renewable energy developers, industrial captive units, and smart grid operators. Waaree Energies, the parent company, has a global solar PV module capacity of 16.70 GW and operates in over 25 countries.
28Oct 25
Waaree Energies Reports Record Q2 Results with 70% Revenue Growth and Strong Order Book
Waaree Energies Limited reported exceptional Q2 financial results with 70% YoY revenue growth to ₹6,227.00 crores, 155% EBITDA growth to ₹1,567.00 crores, and 134% PAT increase to ₹878.00 crores. The company achieved record module production of 2.6 GW and cell production of 0.6 GW. With a robust order book of ₹47,000.00 crores, Waaree has made strategic acquisitions in smart meters and transformers. The Board approved ₹8,175.00 crores capex for expanding into battery storage, electrolysers, and inverters. Management reaffirmed EBITDA guidance of ₹5,500-6,000 crores.
27Oct 25
Waaree Energies' ₹15,840 Crore Worth Shares Unlock as Lock-in Period Concludes
Waaree Energies Ltd.'s shareholder lock-in period expires on October 27, releasing 4.5 crore shares (16% of equity) valued at ₹15,840 crore. The company reported strong Q2 results with 70% revenue growth to ₹1,406.3 crore and 168% EBITDA increase. Stock closed at ₹3,520, up 134% from IPO price of ₹1,503. Promoters hold 64.22% stake, retail shareholders 7.34%, and others 28.44%.
27Oct 25
Waaree Energies Secures 122MW Solar Module Order, Boosting Business
Waaree Energies, a major player in the solar energy sector, has received new orders for solar modules. One of the company's units has secured a specific order for 122MW solar modules. While the total value of the orders is undisclosed, this development signifies growing demand for solar energy solutions and potentially strengthens Waaree's market position. The orders may contribute to the company's future revenue streams and reflect positively on its business prospects in the renewable energy sector.
24Oct 25
Waaree Energies Secures 692MW Solar Module Orders Across India and US
Waaree Energies Limited has announced new contracts totaling 692MW for solar module supply. The orders include 570MW from domestic clients in India and 122MW from Waaree Solar Americas for a U.S. customer. These one-time supply contracts are scheduled for delivery during FY 2025-26 and 2026-27, with no related party transactions involved. The orders span both domestic and international markets, reinforcing Waaree's position in the solar energy sector.
17Oct 25
ValueQuest Tristar Fund Invests 1.25 Billion Rupees in Waaree Energies' Co-Storage Solutions
ValueQuest Tristar Fund has invested ₹1.25 billion in Waaree Energies' co-storage solutions business. The investment is aimed at strengthening Waaree's position in the energy storage market. This funding is expected to support expansion of R&D efforts, scaling up production capabilities, and enhancing market presence in the energy storage segment.
16Oct 25
Waaree Energies Reports Record Quarterly Performance with 70% Revenue Growth, Declares ₹2 Interim Dividend
Waaree Energies announced its best quarterly performance with total income of ₹6,226.54 crores, up 69.96% YoY. EBITDA rose 155.29% to ₹1,567.30 crores, and PAT increased 133.78% to ₹878.21 crores. The company declared an interim dividend of ₹2.00 per share and approved ₹8,175 crores for capacity expansion. Waaree maintains a 24 GW orderbook worth ₹47,000 crores. The company is under investigation by U.S. Customs regarding the origin of components in its solar modules exported to the US.
16Oct 25
Waaree Energies Reports Strong Financial Performance Amid U.S. Investigation
Waaree Energies Limited reported significant financial improvements for Q2 FY2026. Revenue from operations increased by 44.58% to ₹4,581.84 crore, while net profit surged by 224.38% to ₹1,159.53 crore compared to Q2 FY2025. EBITDA grew by 207.44%. The company faces a U.S. Customs investigation into the origin of components used in solar modules exported to the United States since January 2021. Waaree Energies is cooperating with the investigation and maintains compliance with applicable laws. The Board declared an interim dividend of ₹2 per equity share for FY2026, with the record date set for October 24, 2025, and payment scheduled for November 6, 2025.
16Oct 25
Waaree Energies Reports Robust Q2 FY26 Performance, Declares Interim Dividend
Waaree Energies posted strong Q2 FY26 results with net profit up 131.91% to ₹871.21 crore and revenue rising 69.70% to ₹6,065.64 crore. EBITDA grew 156.54% to ₹1,567.30 crore, with margin expanding to 25.84%. The company declared an interim dividend of ₹2 per share. Strategic developments include ongoing discussions for potential acquisition of Enel Green Power India, completed acquisition of 64% stake in Kotsons Private Limited, and plans to acquire 76% in Racemosa Energy. However, the U.S. Customs and Border Protection has initiated an investigation into the company regarding the origin of components used in solar modules exported to the United States.
15Oct 25
Waaree Energies to Announce Q2 FY26 Results, Consider Interim Dividend
Waaree Energies Ltd, a solar module manufacturer, will release its Q2 and H1 FY26 unaudited financial results on October 16, 2025. The Board will also consider an interim dividend for FY 2025-26. An analyst call is scheduled for October 17, 2025. The company's stock has shown strong performance with a 59.79% gain over 6 months, currently trading at ₹3,584.00 on NSE.
14Oct 25
Waaree Energies' Success Propels Doshi Siblings to Forbes India Rich List
Waaree Energies, India's largest solar module manufacturer, has elevated the Doshi siblings to the 37th rank on the Forbes India Rich List with a collective wealth of $7.40 billion. The company's strong market performance, including a 70% premium listing and over 50% post-listing gain, has driven this wealth accumulation. Waaree reported a 89% year-on-year increase in consolidated net profit to ₹745 crore and a 30% rise in revenue to ₹4,426 crore in Q1. With an installed capacity of 13.3 GW, the company plans further expansion with approved capex of ₹2,754 crore for cell and ingot-wafer capacity increases. Recent corporate developments include investment in a subsidiary and plans for private placement to facilitate business expansion.
13Oct 25
Waaree Energies Inks Deal for 10.07% Stake Sale in Energy Storage Subsidiary
Waaree Energies Limited has entered into a Share Subscription cum Shareholder's Agreement with its subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL), and investors. The deal involves offering up to 10.07% of WESSPL's share capital through private placement for business expansion. WESSPL will remain a subsidiary of Waaree Energies post-transaction. The company has also scheduled a Board meeting on October 16, 2025, to discuss Q2 FY2025-26 financial results and potential interim dividend. A trading window closure has been implemented from October 1, 2025, until 48 hours after the Q2 results declaration.
01Oct 25
Waaree Energies Unveils Massive Rs 8,175 Crore Expansion Plan Across Three Subsidiaries
Waaree Energies Limited has approved a Rs 8,175 crore expansion plan for its subsidiaries. The company will increase its Lithium Ion cell manufacturing capacity from 3.50 GWh to 20.00 GWh with an Rs 8,000 crore investment. Electrolyser production will grow from 300 MW to 1,000 MW with a Rs 125 crore investment. Inverter manufacturing capacity will increase from 3 GW to 4 GW with a Rs 50 crore investment. This expansion follows an earlier announcement and aims to strengthen Waaree's position in the renewable energy sector.
30Sept 25
Waaree Energies Expands Manufacturing Capacity Amid Favorable Policy Changes
Waaree Energies has established a 950 MW solar module production plant in Gujarat. This expansion coincides with the implementation of anti-dumping duties on solar cell imports from China, potentially benefiting domestic manufacturers like Waaree. The new facility significantly increases Waaree's manufacturing capabilities, positioning the company to meet growing demand in the renewable energy market and potentially increase its market share.
26Sept 25
US Launches Probe into Waaree Energies for Alleged Solar Tariff Evasion
Waaree Energies, India's largest solar panel maker, is under investigation by US Customs and Border Protection for allegedly evading anti-dumping and countervailing duties on solar cells. The probe, which includes Waaree's US subsidiary, stems from accusations of mislabeling Chinese solar cells as Indian. US authorities have implemented interim measures citing reasonable suspicion. This investigation adds to Waaree's challenges in the US market, where punitive tariffs on India's renewable sector already exist. Despite this, Waaree continues to expand, recently incorporating a new subsidiary for independent power production projects.
25Sept 25
Waaree Energies Expands Operations: CEO Highlights India's Renewable Energy Progress and Subsidiary Creates Step-Down Company
Waaree Energies CEO Amit Paithankar highlighted India's progress in renewable energy self-sufficiency. India aims for 290 GW solar capacity by 2030 and 1800 GW by 2047, with current cell manufacturing capacity at 25-30 GW. The government is pushing for localization of the entire solar value chain. Paithankar believes India could be self-reliant in the complete solar chain within 3-5 years. He also noted that a GST rate reduction could cut project costs by 5%. Waaree Energies invested Rs. 300 crores in its subsidiary for a 3.5 GWh Lithium Ion storage cell plant and incorporated a step-down company for new power projects.
24Sept 25
Waaree Energies Invests ₹300 Crore in Subsidiary for Lithium-Ion Storage Plant
Waaree Energies Limited has invested ₹300 crore in its wholly-owned subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL), through a rights issue. The investment aims to establish a 3.5 GWh Lithium-Ion storage cell manufacturing plant. The company issued 60 crore partly paid-up equity shares with a face value of ₹10 each at par. This strategic move is expected to strengthen Waaree's position in the energy storage market and complement its existing solar energy business.
18Sept 25
Waaree Energies' Subsidiary to Acquire 76% Stake in Smart Meter Manufacturer for ₹53 Crores
Waaree Energies Limited's subsidiary, Waaree Power Private Limited, is set to acquire a 76% stake in Racemosa Energy (India) Private Limited, a smart meter manufacturer, for approximately ₹53.00 crores. The acquisition, approved by Waaree's Board of Directors, aims to expand the company's presence across the energy value chain. The deal is expected to be completed by fiscal year 2025-26, subject to regulatory approvals and closing conditions. This strategic move will diversify Waaree's product portfolio and enhance its capabilities in energy management and distribution solutions.
17Sept 25
Waaree Energies to Offload 14.66% Stake in Indosolar via Offer for Sale
Waaree Energies plans to sell 61,00,000 equity shares (14.66%) of Indosolar Limited through an Offer for Sale (OFS) on September 18-19, 2025. The floor price is set at ₹500.00 per share. The sale aims to comply with minimum public shareholding requirements. Non-retail investors can bid on the first day, while both retail and non-retail investors can participate on the second day. 25% of shares are reserved for mutual funds and insurance companies, and 10% for retail investors.
15Sept 25
Waaree Energies' Singapore Subsidiary Struck Off, Ceases to be a Wholly Owned Subsidiary
Waaree Energies Limited announced that its wholly owned subsidiary in Singapore, Rasila International Pte Ltd, has been struck off from the Accounting & Corporate Regulatory Authority (ACRA) effective August 9, 2025. The subsidiary was described as dormant with no financial activity in FY 2024-25. This action was not part of any sale transaction and no consideration was received. The company has informed both BSE and NSE about this development in compliance with SEBI regulations.
15Sept 25
Waaree Energies' Subsidiary Establishes Three Step-down Companies for Future Power Projects
Waaree Energies' subsidiary, Waaree Forever Energies Private Limited, has incorporated three new step-down companies. These entities are intended to hold and manage upcoming power projects, indicating a strategic expansion of Waaree Energies' power project portfolio. This move suggests a proactive approach to structuring the business for future power project acquisitions or developments, potentially streamlining project management and optimizing financial structures for individual projects.
12Sept 25
Waaree Energies Expands Renewable Energy Portfolio with Three New Subsidiaries
Waaree Energies Limited, through its subsidiary Waaree Forever Energies Private Limited, has incorporated three new wholly-owned subsidiaries: Waaree Forever Energies Four, Five, and One Private Limited. These entities, registered in Mumbai, are focused on the Independent Power Producer (IPP) sector and are intended to hold specific power projects. The subsidiaries were incorporated between September 10-12 and have not yet commenced operations. This strategic move aims to strengthen Waaree's position in the renewable energy market and expand its project capabilities.
11Sept 25
Waaree Energies Hits Record High on GST Rate Cut Benefits for Solar Sector
Waaree Energies' share price reached an all-time high of Rs 3,748.00, up 7.77%. CEO Amit Paithankar highlighted the positive impact of GST rate cuts on the solar industry, expecting a 5% reduction in project costs. The company reported an 89% increase in consolidated net profit to Rs 745.00 crore. Stock performance shows a 57.7% gain over 12 months and 29% year-to-date. Analyst opinions are mixed with 4 buy and 3 sell ratings. Waaree received approval for reclassifying Metafin Cleantech Finance Pvt. Ltd. from promoter to public category.
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