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Waaree Energies' board has approved its Q1 FY26 consolidated financial results, with revenue reaching Rs 4,425.83 Cr and net profit at Rs 745.20 Cr. The company is set for significant expansion, approving a Rs 2,754 Cr capital expenditure for new 4 GW Cell and 4 GW Ingot Wafer plants in Gujarat and Maharashtra, respectively. This strategic shift from the previously planned Odisha location aims to boost manufacturing capacity, funded by internal accruals and borrowings. Additionally, the board approved the acquisition of Voltshift Energy Transition Private Limited for Rs 0.01 Cr to establish a new transformer business line, diversifying the company's portfolio.