News

Waaree Energies Ltd. approved the consolidation of its Tumb and Nandigram manufacturing facilities into its Chikhli, Gujarat facility, and authorized a US$37 million capital expenditure for its Waaree Solar Americas Inc. subsidiary to revamp its Arizona, USA, manufacturing facility, increasing capacity from 1 to 1.6 GW and bringing the company`s total U.S. manufacturing capacity to 4.8 GW. The company also appointed Mona Bhide as an additional non-executive independent director, subject to shareholder approval, while Richa Goyal will cease to be an independent director following the completion of her five-year term.

Waaree Energies Ltd. approved the consolidation of its Tumb and Nandigram manufacturing facilities into its Chikhli, Gujarat facility. The company also authorized a US$37 million capital expenditure for its wholly-owned subsidiary, Waaree Solar Americas Inc., to revamp its Arizona, USA manufacturing facility, increasing capacity from 1 to 1.6 GW and bringing the company`s total U.S. manufacturing capacity to 4.8 GW. Additionally, the board appointed Mona Bhide as an additional non-executive independent director, subject to shareholder approval, while Richa Goyal will cease to be an independent director following the completion of her term on August 29, 2026.

Net profit of Waaree Energies rose 14.09% to Rs 850.22 crore in the quarter ended June 2026 as against Rs 745.20 crore during the previous quarter ended June 2025. Sales rose 79.22% to Rs 7931.79 crore in the quarter ended June 2026 as against Rs 4425.83 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales7931.794425.83 79 OPM %18.1522.53 - PBDT1540.361125.42 37 PBT1210.38943.36 28 NP850.22745.20 14 Powered by Capital Market - Live News

Waaree Energies will hold a meeting of the Board of Directors of the Company on 29 July 2026.

Waaree Energies has received an order  for supply of 212 MW solar modules from a renowned customer that owns and manages utility-scale renewable power projects. This order is incremental to the existing 350 MW order received from the customer, thereby increasing the total order capacity to 562 MW.