WAAREE ENERGIES LOOKS TO INCUR CAPEX OF Rs 30,000 CRORE IN NEXT TWO YEARS

is planning a Rs 30,000 crore capital expenditure over the next 18–24 months to build a fully integrated clean energy platform. The company will incur the capex in backward integration into cell, ingot and wafer manufacturing, battery energy storage systems, solar glass and other segments. Lately the company had also acquired a controlling stake in Associated Power Structures, a transmission and distribution (T&D) company for Rs 1,200 crore. The company recently posted strong FY26 numbers, with sales reaching Rs 26,537 crores, up by 83% as compared to FY25. It also reported a net profit of Rs 3,884 crore, up by 100% as compared to FY25. The company has also given strong ROCE and ROE of 38% and 32% respectively making it an opportunity for long term growth.