Waaree Energies subsidiary starts 1500 MW solar module production in Gujarat

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WAAREEENER · price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.2%+1.3% vs market

Other Electrical Equipment peers, median of 44sector+0.7%+1.8% vs sector

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AI summary

Waaree Energies wholly owned subsidiary Sangam Solar One has commenced commercial production at a new solar module manufacturing facility in Samakhiali-Kutch, Gujarat. The plant has two lines of 750 MW each, totaling 1500 MW annual capacity. Operations began on December 12, 2025.

Likely market impact

Adds 1500 MW of solar module capacity, supporting revenue growth and expanding the company's manufacturing footprint.