WAAREE ENERGIES: US EXPANSION TO DRIVE NEXT LEG OF GROWTH

WAAREE ENERGIES has announced key strategic initiatives focused on expanding its US manufacturing footprint and improving operational efficiency in India. 🔹 US$37 Mn Investment in Arizona Waaree Solar Americas will invest approximately US$37 million to revamp its Arizona manufacturing facility. 🔹 Arizona Capacity to Rise to 1.6 GW The revamp will replace existing module production lines with high-efficiency lines, increasing Arizona capacity from 1 GW to 1.6 GW. 🔹 US Capacity to Reach 4.8 GW Following the expansion, Waaree’s total US manufacturing capacity will increase to 4.8 GW, comprising 3.2 GW in Texas and 1.6 GW in Arizona. 🔹 India Manufacturing Consolidation The company will relocate plant & machinery from its Tumb (1 GW) and Nandigram (1.11 GW) facilities to its existing Chikhli, Gujarat facility to improve operational efficiency. 🔹 Final Dividend Record Date September 11, 2026 has been fixed as the record date for determining eligibility for the FY26 final dividend, subject to shareholder approval. AFS VIEW 📊 The US capacity expansion is the key positive development, strengthening Waaree’s manufacturing presence in the US market. The Arizona expansion, combined with the India manufacturing consolidation, could support higher operational efficiency and long-term capacity growth. AFS Trading Edge | Research-Based Market Insights Disclaimer: This content is for informational and educational purposes only and should not be construed as investment advice or a recommendation to buy or sell any security.