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Company Information

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WAAREE ENERGIES LTD.

01 August 2025 | 12:00

Industry >> Electric Equipment - General

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ISIN No INE377N01017 BSE Code / NSE Code 544277 / WAAREEENER Book Value (Rs.) 329.96 Face Value 10.00
Bookclosure 52Week High 3743 EPS 65.00 P/E 47.75
Market Cap. 89172.70 Cr. 52Week Low 1863 P/BV / Div Yield (%) 9.41 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was originally incorporated as `Anmol Fluid Connectors Private Limited' at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 18, 1990, issued by the RoC. The name of our Company was changed to `Waaree Solar Private Limited', pursuant to a fresh certificate of incorporation issued by the RoC on April 25, 2007. The name of our Company was further changed to `Waaree Energies Priave Limited', pursuant to a fresh certificate of incorporation issued by the RoC on October 15, 2007. The name of our Company was further changed to `Waaree Energies Private Limited', pursuant to a fresh certificate of incorporation issued by the RoC on December 12, 2007. Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on March 8, 2013, and consequently the name of our Company was changed to its present name i.e., `Waaree Energies Limited', pursuant to a fresh certificate of incorporation issued by the RoC on May 2, 2013.

Major Events and Milestones:
2007
Entered the solar energy sector with a 30 MW module manufacturing line

2014
Started a joint venture with North Eastern Electric Power Corporation Limited ("NEEPCO") for implementation of solar power project in Sehore, Madhya Pradesh

2017
Acquired 40% shares in Waaneep Solar Private Limited from NEEPCO pursuant to which Waaneep Solar Private Limited became our wholly owned subsidiary

2018
Commissioned solar photovoltaic modules plant having capacity of 1,000MW Divested Waaneep Solar Private Limited to Hero Solar Energy Private Limited in tranches

2019
Commissioned international EPC project of 49.5 MWp ground mounted Song Giang solar power project in Vietnam

2021
Acquired 500 MW Solar Module manufacturing facility to take total installed capacity to 2GW Initiated construction activities for a solar cell manufacturing unit

2023
Increased capacity to 12GW Selected as a manufacturer under the PLI Scheme for setting up a manufacturing facility of 6GW as a greenfield project

2024
Increased capacity to 13.3 GW with commissioning of 1.3 GW of module manufacturing facility at Indosolar Limited's Noida facility

2024 -Waaree Energies bags order to supply 1 GW solar PV module. -Waaree Energies collaborates with IIT Bombay to drive solar power innovation for a sustainable future. -Waaree Energies India's largest manufacturer of solar PV modules, announces a strategic CSR initiative in partnership with IIT Bombay towards advanced research and development pursuits related to solar perovskite cells.