Waaree Energies Limited — Important, 28-07-2025: General Updates

Waaree Energies reported strong Q1 results, with consolidated revenue at ₹4,425.83 Cr and profit at ₹745.20 Cr. The Board approved a significant ₹2,754 Cr capex for 8GW (4GW Cell, 4GW Ingot Wafer) plant expansion in Gujarat and Maharashtra, a strategic shift from Odisha, pending shareholder vote. The company also plans to enter the transformer business via a subsidiary acquisition for ₹1 Lakh. Discussions continue regarding the previously announced Enel Green Power India acquisition. An exceptional item of ₹4.02 Cr for GST-related interest was noted.