Waaree Clean Energy Solutions Pvt Ltd will expand its Electrolyser manufacturing capacity from 300 MW to 1,000 MW annually with an additional Capex of ~₹125 crore.
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A US investigation into potential solar tariff evasion will not impact Waaree Energies' investment plans, including the expansion of its Texas facility and exploration of setting up a solar cell manufacturing capability in the high-growth, strategic US market, the company said Sunday. Waaree is one of the largest vertically integrated companies in the manufacturing of solar modules, which convert sun rays into electricity. It has an operational capacity of 13.3 GW in India. It commenced operations at its US solar module manufacturing plant in Houston, Texas, in January this year with an initial installed capacity of 1.6 GW. The Texas facility is being scaled to 3.2GW by FY27. US customs officials last week launched an investigation into whether Waaree bypassed tariffs on Chinese-made solar cells and panels by falsely labelling them as manufactured in India. "The investigation has no impact on our investment plans. The Texas plant expansion from 1.6 GW to 3.2 GW is already underway,
Waaree Energies shares Today: The US is reportedly investigating Waaree Energies for evading anti-dumping and countervailing duties on solar cells from China and other Southeast Asian nations
Among others, Vodafone Idea and Waaree Energies were among the top laggards, down 7.95 per cent and 6.9 per cent, respectively
US Customs as started a formal investigation of Waaree and Waaree Solar Americas Inc over suspected evasion of anti-dumping duties, imposing interim measures on solar imports
Against this backdrop of sector tailwinds and resilient profitability, the brokerage has initiated coverage on Premier Energies with a Buy recommendation
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On the bourses at 9:40 AM, Waaree Energies raced 2.15 per cent higher to ₹3,712.75, and SWSolar moved up 1.36 per cent to ₹267.60. RIL, meanwhile, was trading 0.2 per cent lower at ₹1,391.50.
As of Q1FY26, the company had a strong order book of approximately ~₹49,000 crore, providing robust revenue visibility and a strong foundation for future growth
Waaree Renewable shares rose 5 per cent after the company received orders worth ₹1,252.43 crore for a large-scale solar power project
To meet the robust demand, Nomura analysts project India will add ~309GW of installed capacity between FY25-30F, with renewables (RE) accounting for the bulk of the expansion.
Waaree Energies, through its wholly owned subsidiary Waaree Solar Americas, has received an international order to supply 452 MW solar modules to a leading US-based developer
Waaree Energies on Tuesday said its US arm Waaree Solar Americas has secured an order to supply 452 MW of advanced solar modules to a leading American developer of utility-scale solar and energy storage projects. Scheduled for delivery across FY2026-27, these modules reinforce Waaree's growing presence in North America and highlight a strategic shift in how the US market is embracing Indian manufacturing strength to accelerate its decarbonisation goals, a company statement said. Waaree Energies, India's leading clean energy transition company, announced that its wholly-owned US subsidiary Waaree Solar Americas has signed an agreement to supply 452 MW of advanced solar modules to a leading American developer of utility-scale solar and energy storage projects, it added. The transition from developer to Indian manufacturer underlines India's emergence as a trusted partner in diversifying global renewable energy supply chains, at a time when the world is seeking alternatives to ...
Nuvama Institutional Equities said that Vishal Mega Mart and Swiggy will top the inflows with $287 million and $285 million, respectively
MSCI Global Standard Index Inclusion: Swiggy, Vishal Mega Mart, Hitachi Energy and Waaree Energies look favourably placed on charts; may see up to 29 per cent upside form here.
Logs 2.6 million enrolments as it rises to second spot after US
Vishal Mega Mart and Swiggy are set to top the inflows with $287 million and $285 million, respectively, according to Nuvama
Waaree Energies on Monday posted nearly 93 per cent rise in its net profit to Rs 773 crore in the June quarter compared to the year-ago period, mainly on the back of higher revenues. The company had reported a net profit of Rs 401.13 crore in the same quarter a year ago, a statement said. Total revenues rose to Rs 4,597.18 crore in the quarter from Rs 3,496.41 crore in the same period a year ago. The company said it achieved the highest quarterly module production of 2.3 GW in the first quarter of FY26, driven by strong operational focus, and cell production continues to ramp up. The Board of Directors also approved an additional capital expenditure (capex) of Rs 2,754 crore for the expansion of cell capacity by 4 GW in Gujarat and Ingot-wafer by 4 GW in Maharashtra. The capex will be spread over FY 2026-27 and will be financed through a combination of internal accruals and borrowed capital. The board has also approved the proposal for the acquisition of 100 per cent shareholding
Waaree Energies shares rose 6 per cent after it reported a 93 per cent rise in its net profit during the June quarter