Waaree Energies Limited has informed the Exchange about Commencement of commercial production/operations by Sangam Solar One Private Limited, a wholly owned subsidiary at Samakhiali-Kutch, Gujarat, India.
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Waaree Energies has informed the stock exchange that its wholly owned subsidiary, Sangam Solar One Private Limited, has commenced commercial production and operations at its facility in Samakhiali-Kutch, Gujarat. Sangam Solar One is a 100% subsidiary of Waaree Energies, indicating this new capacity is fully integrated into the company's solar manufacturing footprint. No specific capacity size, investment amount, or revenue contribution was disclosed in this announcement. The move adds to Waaree's solar module manufacturing capacity, supporting its position in India's growing solar energy market.
Positive for long-term growth as it expands Waaree Energies' solar manufacturing capacity, though the near-term stock impact is likely limited since no financial details (capacity, capex, revenue potential) were provided. Investors should watch for follow-up disclosures on the plant's capacity and expected contribution.