WAAREE ENERGIES TO BUILD INDIA'S LARGEST INTEGRATED SOLAR INGOT AND WAFER MANUFACTURING FACILITY

will be building India’s largest integrated solar ingot and wafer manufacturing facility that will be developed across 300 acres at Butibori in Nagpur with an investment of Rs 6,200 crore. This plant will house 10 GW capacity each for solar ingots and wafers, forming a key part of India’s solar photovoltaic value chain. Once operational, it is expected to significantly boost domestic manufacturing of these critical upstream components and help reduce India’s reliance on imported materials. Trading at an attractive P/E of 22.4, the company has delivered good profit growth of 113% CAGR over last 5 years. Moreover, it has given a strong ROCE and ROE of 34.9% and 27.4% making it a good opportunity for long term investment.