Waaree Energies

** Shares of Waaree Energies WAAN.NS rise upto 1.4% to 2,516 rupees

** Waaree Clean Energy Solutions, a unit of WAAN, enters India's specialty gases business, targeting semiconductor and solar cell manufacturers

** Co is building a specialty gases plant at Dahej, Gujarat, aiming to reduce India's dependence on imported high-purity gases and chemicals

** Planned facilities include specialty gas warehousing, ultra-high-purity ammonia purification, phosphine/hydrogen mixing, and supply of ultra-high-purity oxygen and hydrogen

** Fourteen analysts have a "buy" rating on avg; median PT is 3,190 rupees - data compiled by LSEG

** YTD, WAAN down ~15%

(Reporting by Urvi Dugar in Bengaluru)

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Sept 24 (Reuters) - Waaree Energies Ltd WAAN.NS:

• UNIT ENTERS SPECIALTY GASES MARKET TO POWER SEMICONDUCTOR AND SOLAR MANUFACTURING

Further company coverage: WAAN.NS

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Sept 23 (Reuters) - India's Waaree Energies WAAN.NS will merge group-firm Indosolar INDL.NS with the company in a deal worth 9.5 billion rupees ($99.23 million), the solar module manufacturers said on Wednesday.

Under the merger, Indosolar shareholders will receive 1 share of Waaree Energies for every 11 shares held.

The merger will integrate cell and module manufacturing under one entity, which the companies said would lead to cost savings and simplify the group structure.

Waaree Energies and Indosolar both make solar photovoltaic modules, but Indosolar does not have its own cell production capacity and depends on Waaree Energies and other manufacturers for cells, the companies said.

($1 = 95.7400 Indian rupees)

(Reporting by Nishit Navin; Editing by Tasim Zahid and Leroy Leo)

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Waaree Energies received a one-time domestic order to supply 2 GW of solar modules from a leading solar developer on 21 September 2026. The supply was scheduled across financial years 2026-27 and 2027-28, with no promoter interest and no related-party element. The company reported revenue of about Rs11,200 crore in FY26, built around photovoltaic modules and solar cells with engineering, procurement and construction contributing about 10%. Its quarterly sales mix stood at about 55-60% to utility and commercial and industrial buyers and 25-30% to retail, with the retail share rising.

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Waaree Energies' board approved the relocation of plant and machinery from its 1GW Tumb and 1.11GW Nandigram facilities to its existing Chikhli facility in Gujarat. The two facilities, which contributed about 14% of standalone turnover, were scheduled to close by December 31, 2026, with the company citing operational efficiency. Its wholly owned US subsidiary, Waaree Solar Americas, approved an approximately US$37 million revamp of its Arizona plant, replacing existing module lines with higher-efficiency lines. The project will lift Arizona capacity from 1GW to 1.6GW and aggregate US manufacturing capacity to 4.8GW from Texas and Arizona, funded through debt and internal accruals. Mona Bhide was appointed an additional independent director for a five-year term from August 30, subject to shareholder approval, while Richa Goyal ceased to be an independent director after completing her first term. The board also called the 36th annual general meeting for September 24 and set September 11 as the record date for the FY26 final dividend, subject to member approval. Waaree reported FY26 revenue of ₹26,537 crore, and modules accounted for 93% of its Q1 FY27 revenue.

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Waaree Energies approved the relocation of plant and machinery from its 1 GW Tumb and 1.11 GW Nandigram facilities to its Chikhli plant in Gujarat, with the two sites to close on or before December 31, 2026 for operational efficiency. The facilities contributed about 14% of the company's standalone turnover in the last financial year. Its wholly owned US subsidiary, Waaree Solar Americas, received approval to spend about $37 million replacing the Arizona plant's module lines with high-efficiency equipment, lifting capacity there from 1 GW to 1.6 GW and aggregate US capacity to 4.8 GW. The spending would be funded through debt and internal accruals. Mona Bhide was appointed as an additional non-executive independent director for five years from August 30, subject to shareholder approval, while Richa Goyal ceased to be an independent director after completing her first term. The company scheduled its 36th annual general meeting for September 24 and set September 11 as the record date for the final dividend, subject to member approval. Waaree had reported FY26 revenue of ₹26,537 crore and outlined a ₹31,500 crore capex programme across FY27-FY29.

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Waaree Energies' wholly owned subsidiary, Waaree Forever Energies, received a Letter of Award from Solar Energy Corporation of India for development of a 700 MW solar and 700 MW/2,800 MWh energy-storage project in Solapur, Maharashtra. The project's power-purchase agreement was valid for 25 years from the scheduled commencement of supply date. Waaree's businesses included solar modules and cells, battery storage, transformers and renewable-power project entities. Its FY27-FY29 capex programme totalled ₹31,500 crore, with ₹9,450 crore deployed by June.

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Aug 28 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES - UNIT RECEIVES LOA FROM SECI FOR 700 MW SOLAR, 700 MW/2800 MWH ESS PROJECT

Source text: ID:nBSE8tgBX9

Further company coverage: WAAN.NS

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Aug 12 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES UNIT GOT ORDER WORTH 1.6 BILLION RUPEES TO SUPPLY 8.3 MVA MV SKIDS - STATEMENT

Source text: [ID:]

Further company coverage: WAAN.NS

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Aug 7 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - UNIT ACQUIRED 24.21% STAKE OF EPPELTONE ENGINEERS

• WAAREE ENERGIES - UNIT SIGNS DEAL FOR ABOUT 217.8 MLN RUPEES

Source text: ID:nnAZN4TCNS5

Further company coverage: WAAN.NS

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Waaree Energies received an order for supply of 739.71 MW of solar modules from a leading domestic renewable energy solutions provider, with deliveries scheduled across the current financial year and the next. The award follows a 212 MW module order from an international utility-scale customer announced in mid-July. The company reported consolidated revenue of ₹7,932 crore for the June quarter, with solar modules contributing about 93% of the total. Waaree has been ramping cell capacity, with a 5.4 GW line in production and a 10 GW line scheduled for the second half of the financial year.

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** India's Waaree Energies WAAN.NS drops 6.4% to nearly five-month low of 2,561 rupees

** Reports 20.9% seqnetial drop in profit and 6.5% decline in revenue

** Both metrics rise year-on-year, but JM Financial says results were an all-round miss

** "EBITDA margin dropped to 14% versus 19% in Q4FY26, (while) production too declined to 3.2GW," the brokerage firm said

** About 3.7 million shares change hands, ~4.5x of 30-day average daily volume

** Stock rated "Buy" on average by 16 brokerage firms, median PT at 3,624 rupees

** YTD, WAAN down 11.6%

(Reporting by Vivek Kumar M)

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July 29 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD JUNE-QUARTER CONSOL NET PROFIT 8.5 BILLION RUPEES

• WAAREE ENERGIES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 79.32 BILLION RUPEES

Source text: [ID:]

Further company coverage: WAAN.NS

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July 22 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - GOT ORDER FOR SUPPLY OF 125 MW SOLAR MODULES

Source text: ID:nnAZN4T9CYZ

Further company coverage: WAAN.NS

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July 17 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES - RECEIVES ORDER FOR 212 MW SOLAR MODULES

Source text: ID:nNSEKQT55

Further company coverage: WAAN.NS

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July 16 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD- WAAREE ENERGY STORAGE SOLUTIONS COMMENCES INDIA’S ADVANCED AUTOMATED BESS CONTAINER MANUFACTURING FACILITY

Further company coverage: WAAN.NS

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July 3 (Reuters) - Waaree Energies Ltd WAAN.NS:

• INDIA MARKETS REGULATOR: EXEMPTION ORDER GRANTED TO C.T. DOSHI FAMILY TRUST WITH RESPECT TO PROPOSED ACQUISITION IN WAAREE ENERGIES

Further company coverage: WAAN.NS

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June 30 - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES - UNIT RECEIVES ORDER FOR 236.22 MW SOLAR MODULES

Source text: [ID:]

Further company coverage: WAAN.NS

June 28 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES: U.S. INVESTIGATION DID NOT FIND CO EXPORTED SOLAR PANEL MADE WITH CHINESE CELLS

• WAAREE ENERGIES: U.S. INVESTIGATION LIMITED TO NARROW SUBSET OF CERTAIN HISTORICAL IMPORT ENTRIES

• WAAREE ENERGIES: U.S. BUSINESS OPERATES NORMALLY, NO IMPACT ON ONGOING MANUFACTURING, DELIVERIES

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May 6 (Reuters) - Waaree Energies Ltd WAAN.NS:

• UNIT ENTERS PPA FOR 300MW WIND PROJECT IN DWARKA, GUJARAT

Source text: ID:nBSE9TtQG9

Further company coverage: WAAN.NS

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April 24 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - BOARD TO CONSIDER FUND RAISING VIA SECURITIES

Source text: ID:nBSE6B5Fxz

Further company coverage: WAAN.NS

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March 24 (Reuters) - Waaree Energies Ltd WAAN.NS:

• APPROVES 39 BILLION RUPEES CAPEX FOR GLASS MANUFACTURING PLANT

Source text: ID:nBSE7GZ5P7

Further company coverage: WAAN.NS

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March 20 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - AMIT ASHOK PAITHANKAR RELIEVED AS WHOLE-TIME DIRECTOR AND CEO EFFECTIVE MARCH 20, 2026

• WAAREE ENERGIES LTD - APPOINTS JIGNESH DEVCHANDBHAI RATHOD AS WHOLE-TIME DIRECTOR AND CEO EFFECTIVE MARCH 21, 2026

• WAAREE ENERGIES LTD - SONAL SHRIVASTAVA CEASES AS CHIEF FINANCIAL OFFICER EFFECTIVE MARCH 20, 2026

• WAAREE ENERGIES LTD - APPOINTS ABHISHEK PAREEK AS CHIEF FINANCIAL OFFICER EFFECTIVE MARCH 21, 2026

Source text: ID:nBSEfhNRQ

Further company coverage: WAAN.NS

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NEW DELHI, March 18 (Reuters) - India is proposing that clean energy firms use only locally made solar ingots and wafers from June 2028, the country's renewable energy ministry said on Wednesday, in a move aimed at curbing Chinese imports.

With this, the South Asian country is looking to ensure the usage of domestically made components across the entire solar panel manufacturing chain.

India currently has a manufacturing capacity of about 2 gigawatt (GW) for ingots and wafers.

Companies including Waaree Energies WAAN.NS, Tata Power TTPW.NS and Indosol Solar IDOS.NS have proposed billions of rupees of investments to build renewable manufacturing capacity as India aims to double its non-fossil fuel-based power capacity to 500 GW by 2030.

The government has already mandated the usage of locally assembled solar panels in state-run projects even though components like cells, wafers, ingots and polysilicon could be imported.

India currently relies entirely on China for its imports of cells, ingots, wafers and poly silicon for solar panels.

The country has also directed the use of domestically made solar cells from June 2026.

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

March 16 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES - INTIMATION FROM INTERNATIONAL COURT OF ARBITRATION

• WAAREE ENERGIES - ARBITRATION REQUEST FILED BY ENEL GREEN POWER

• WAAREE ENERGIES LTD - ARBITRATION NOTICE CONTAINS MONETARY CLAIMS; COMPANY EVALUATING RESPONSE

Source text: ID:nBSE9VMRPC

Further company coverage: WAAN.NS

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** Shares of Waaree Energies WAAN.NS up 2% at 2,709 rupees

** The clean energy firm's U.S. unit Waaree Solar Americas Inc enters into share subscription agreement to subscribe shares of United Solar Holdings Inc for $30 million

** Avg rating of 13 analysts covering the stock is "buy" and median PT is 3,600 rupees, ~33% higher than current price, according to data compiled by LSEG

** YTD, WAAN stock down 8.6%

(Reporting by Anuran Sadhu in Bengaluru)

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March 10 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - UNIT ENTERS SHARE SUBSCRIPTION AGREEMENT WITH UNITED SOLAR HOLDINGS

• WAAREE ENERGIES - SUBSCRIPTION OF SERIES B PREFERRED SHARES OF UNITED SOLAR HOLDINGS FOR $30 MILLION

Source text: ID:nBSE9yvVtK

Further company coverage: WAAN.NS

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Feb 25 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES EXEC - DOES NOT ANTICIPATE MATERIAL ADVERSE IMPACT ON ABILITY TO SERVICE U.S. ORDER BOOK

• WAAREE ENERGIES EXEC - EXPECTS U.S. MANUFACTURING CAPACITY TO SUBSTANTIALLY SUPPORT EXISTING U.S. COMMITMENTS

• WAAREE ENERGIES EXEC - IN PROCESS OF FURTHER EXPANDING U.S. MANUFACTURING CAPACITY TO 4.2 GW BY YEAR-END

Source text: ID:nNSE9L8bbn

Further company coverage: WAAN.NS

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** Shares of India's Waaree Energies WAAN.NS jump 2.01% to 2974.30 rupees

** Clean energy firm wins order to supply 500 MW solar modules to domestic independent power producer

** Co's subsidiary also signs 2.5 MW electrolyzer service agreement for green hydrogen project in Uttar Pradesh; enters MoU to supply additional 50 MW

** Trading vols at 795,994 shares vs 30-day-avg volume of 1.78 mln shares

** YTD stock down 9.6%

(Reporting by Surbhi Misra in Bengaluru)

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Feb 23 (Reuters) - Waaree Energies Ltd WAAN.NS:

• WAAREE ENERGIES LTD - ZFI AND WAAREE SIGN 2.5 MW ELECTROLYZER AGREEMENT

• WAAREE ENERGIES LTD - STRATEGIC MOU TO SUPPLY 50 MW OF ELECTROLYZERS

• WAAREE ENERGIES LTD - FIRST PROJECT TIMELINE SET AT ~7 MONTHS

• WAAREE ENERGIES LTD - COMMERCIAL OPERATION EXPECTED BY Q3 OF FY 2026-27

• WAAREE ENERGIES- CAPACITY AT 500 M3/HR, WITH POTENTIAL FOR EXPANSION TO 10,000 M3/HR OVER 5 YRS

Source text: ID:nBSEbN3PBx

Further company coverage: WAAN.NS

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