As of December 31, 2024, Waaree Energies Limited boasts a substantial 26.5-GW or Rs 50,000 order book for solar PV modules, including domestic, export, and franchisee orders.

The company plans to expand this facility's capacity to 5 GW by FY27.

Poised to Shine: Riding High on Growing Demand for Renewable Energy!

To cater to the growing demand in the United States, the company is setting up a 1.6 GW solar PV module manufacturing facility in Houston, Texas, which is expected to be operational by the end of FY25.

To cater to the growing demand in the United States, Waaree is setting up a 1.6 GW solar PV module manufacturing facility in Houston, Texas, which is expected to be operational by the end of FY25.

As of September 30, 2024, Waaree Energies Limited boasts a substantial 20-GW or 20,000-MW order book for solar PV modules, including domestic, export, and franchisee orders.

Additionally, the PMTL can perform specialized tests across various disciplines, further solidifying Waaree's position as a leader in solar technology.

To cater to the growing demand in the United States, Waaree is setting up a 1.6 GW solar PV module manufacturing facility in Houston, Texas, which is expected to be operational by the end of FY25.

The company has a market cap of over Rs 75,000 crore.

The company posted a 17.35 per cent year-on-year growth in net profit at Rs 375.66 crore, compared to Rs 320.12 crore in the same period last year.

As of June 30, 2024, Waaree Energies Limited boasts a substantial 16.6 GW order book for solar PV modules, including domestic, export, and franchisee orders.

In this analysis, we take a closer look at Waaree Energies Ltd and present you with the exclusive IPO details.